Deutsche Bank AG Takes Position in NiSource, Inc $NI

Deutsche Bank AG acquired a new position in shares of NiSource, Inc (NYSE:NI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,077,706 shares of the utilities provider’s stock, valued at approximately $574,295,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in NiSource by 1.5% in the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after acquiring an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in NiSource by 1.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after buying an additional 225 shares during the period. Choreo LLC boosted its position in NiSource by 2.7% during the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 234 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in NiSource by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after acquiring an additional 240 shares during the last quarter. Finally, Prosperity Consulting Group LLC grew its holdings in NiSource by 1.1% during the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after acquiring an additional 246 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Trading Down 0.4%

NI opened at $42.31 on Tuesday. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. The company has a market cap of $20.29 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. The company has a fifty day moving average price of $45.88 and a two-hundred day moving average price of $46.35.

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

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio is 63.83%.

Insider Activity at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president directly owned 116,036 shares in the company, valued at $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NI has been the subject of several research analyst reports. KeyCorp lowered their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Barclays cut their price target on NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

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.