Janus Henderson Group PLC Increases Stock Position in NiSource, Inc $NI

Janus Henderson Group PLC boosted its stake in NiSource, Inc (NYSE:NI) by 32.6% during the first quarter, HoldingsChannel reports. The firm owned 62,033 shares of the utilities provider’s stock after buying an additional 15,237 shares during the period. Janus Henderson Group PLC’s holdings in NiSource were worth $2,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Orion Porfolio Solutions LLC increased its holdings in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after acquiring an additional 8,240,227 shares during the last quarter. Norges Bank purchased a new position in NiSource in the fourth quarter worth $336,852,000. Millennium Management LLC grew its position in NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after acquiring an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in NiSource in the fourth quarter valued at $100,965,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president directly owned 117,899 shares in the company, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by corporate insiders.

NiSource Stock Down 1.6%

NYSE NI opened at $42.69 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.56. The stock has a market capitalization of $20.47 billion, a PE ratio of 22.71, a PEG ratio of 3.17 and a beta of 0.55. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The business’s 50-day moving average is $46.33 and its 200 day moving average is $46.40.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio is currently 63.83%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NI. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Citigroup upped their price objective on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets reduced their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. Finally, Wells Fargo & Company raised their price objective on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.70.

NiSource Company Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.