Strs Ohio Reduces Position in NiSource, Inc $NI

Strs Ohio decreased its holdings in NiSource, Inc (NYSE:NI) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 557,612 shares of the utilities provider’s stock after selling 16,817 shares during the quarter. Strs Ohio owned approximately 0.12% of NiSource worth $26,018,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NI. Advisory Services Network LLC raised its position in shares of NiSource by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 220 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of NiSource by 1.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after buying an additional 225 shares in the last quarter. Choreo LLC grew its position in shares of NiSource by 2.7% during the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after buying an additional 234 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after buying an additional 240 shares during the last quarter. Finally, Prosperity Consulting Group LLC increased its stake in shares of NiSource by 1.1% in the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Down 0.3%

NiSource stock opened at $47.70 on Friday. The firm’s 50-day moving average is $47.23 and its 200-day moving average is $45.76. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a market cap of $22.87 billion, a P/E ratio of 23.73, a PEG ratio of 3.82 and a beta of 0.55.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting 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 quarter in the prior year, the firm earned $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 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank Of Canada initiated coverage on shares of NiSource in a research note on Wednesday. They set an “outperform” rating and a $52.00 price objective on the stock. KeyCorp assumed coverage on shares of NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price for the company. Citigroup upped their target price on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Insider Transactions at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the sale, the executive vice president directly owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,500 shares of company stock valued at $1,305,675 over the last three months. 0.37% of the stock is currently owned by company insiders.

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.