Kimelman & Baird LLC Buys Shares of 13,950 NiSource, Inc $NI

Kimelman & Baird LLC purchased a new position in NiSource, Inc (NYSE:NI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,950 shares of the utilities provider’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds have also made changes to their positions in NI. BlackRock Inc. purchased a new position in NiSource in the 2nd quarter valued at about $2,613,234,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of NiSource by 19.0% during the fourth 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 buying an additional 8,240,227 shares in the last quarter. State Street Corp grew its holdings in shares of NiSource by 4.5% during the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after buying an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of NiSource by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after buying an additional 245,110 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of the business’s 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 transaction, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

NiSource Stock Down 1.0%

Shares of NYSE NI opened at $40.57 on Friday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The company has a market cap of $19.46 billion, a P/E ratio of 21.58, a P/E/G ratio of 3.05 and a beta of 0.55. 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 stock has a fifty day moving average price of $44.82 and a 200 day moving average price of $46.14.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting 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 analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is presently 63.83%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Mizuho decreased their target price on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday. Citigroup increased their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. BMO Capital Markets lowered their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Barclays reduced their target price on NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.64.

About NiSource

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.