Eurizon Capital SGR S.p.A. Makes New Investment in NiSource, Inc $NI

Eurizon Capital SGR S.p.A. bought a new position in NiSource, Inc (NYSE:NI) during the 4th quarter, Holdings Channel.com reports. The fund bought 61,574 shares of the utilities provider’s stock, valued at approximately $2,572,000.

Several other institutional investors and hedge funds have also bought and sold shares of NI. NewEdge Advisors LLC boosted its position in NiSource by 60.1% in the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares during the last quarter. Woodline Partners LP grew its stake in shares of NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after acquiring an additional 11,671 shares during the period. Acadian Asset Management LLC bought a new position in shares of NiSource during the 1st quarter valued at approximately $105,000. Bank of Nova Scotia grew its stake in shares of NiSource by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after acquiring an additional 266 shares during the period. Finally, AXA S.A. bought a new position in shares of NiSource during the 2nd quarter valued at approximately $1,054,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NI. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. Barclays boosted their price objective on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. KeyCorp began coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. Wells Fargo & Company boosted their price objective on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.33.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. 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 stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,500 shares of company stock valued at $1,305,675. Insiders own 0.37% of the company’s stock.

NiSource Trading Up 1.6%

Shares of NI opened at $45.82 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $48.98. The company has a 50 day simple moving average of $47.17 and a two-hundred day simple moving average of $45.03. The firm has a market cap of $21.97 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

NiSource 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.