Stevens Capital Partners Makes New Investment in NiSource, Inc $NI

Stevens Capital Partners acquired a new stake in NiSource, Inc (NYSE:NI) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,164 shares of the utilities provider’s stock, valued at approximately $673,000.

Several other large investors also recently modified their holdings of NI. Zions Bancorporation National Association UT lifted its stake in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after buying an additional 330 shares during the last quarter. Strive Financial Group LLC acquired a new position in NiSource in the 4th quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in NiSource in the 4th quarter valued at about $27,000. DV Equities LLC bought a new position in NiSource in the 4th quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in NiSource in the 4th quarter valued at about $28,000. 91.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NI shares. BMO Capital Markets cut their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Royal Bank Of Canada began coverage on NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. KeyCorp reduced their price target on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

NiSource Price Performance

Shares of NiSource stock opened at $42.15 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $49.21. The company has a 50-day simple moving average of $45.79 and a two-hundred day simple moving average of $46.33.

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

NiSource Dividend Announcement

The business 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is 63.83%.

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.