NiSource, Inc $NI Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. trimmed its position in shares of NiSource, Inc (NYSE:NI) by 91.4% during the first quarter, Holdings Channel reports. The firm owned 7,037 shares of the utilities provider’s stock after selling 75,078 shares during the quarter. Patton Fund Management Inc.’s holdings in NiSource were worth $328,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NI. Zions Bancorporation National Association UT raised 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 stake in NiSource in the 4th quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in NiSource during the 4th quarter valued at about $27,000. DV Equities LLC purchased a new position in NiSource during the 4th quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in NiSource during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

NYSE:NI opened at $48.08 on Tuesday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.92 and a beta of 0.55. The company’s 50-day moving average is $47.23 and its two-hundred day moving average is $45.62. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is presently 59.70%.

Insider Activity at NiSource

In other news, 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 transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The transaction 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 NiSource stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value 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 approximately $5,503,587.48. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,500 shares of company stock valued at $1,305,675 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NI has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 price target on shares of NiSource in a report on Monday, April 20th. Wells Fargo & Company lifted their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.33.

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.