Sanctuary Advisors LLC Acquires New Holdings in NiSource, Inc $NI

Sanctuary Advisors LLC bought a new position in shares of NiSource, Inc (NYSE:NI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 72,418 shares of the utilities provider’s stock, valued at approximately $3,443,000.

Several other institutional investors and hedge funds have also bought and sold shares of NI. Advisory Services Network LLC boosted its holdings in 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 during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NiSource by 1.2% in 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 purchasing an additional 225 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings 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 purchasing an additional 240 shares during the period. Prosperity Consulting Group LLC raised its position 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 in the last quarter. Finally, World Investment Advisors raised its position in shares of NiSource by 3.2% in the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock worth $308,000 after buying an additional 247 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank Of Canada started coverage on NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. LADENBURG THALM/SH SH dropped their price target on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Citigroup boosted their price objective on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, KeyCorp decreased their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.82.

NiSource Stock Performance

NYSE NI opened at $40.71 on Wednesday. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The company has a market capitalization of $19.52 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.04 and a beta of 0.55. The company has a fifty day moving average of $45.19 and a 200-day moving average of $46.22.

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

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio is presently 63.83%.

Insider Activity

In other news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

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.