Bank of New York Mellon Corp Sells 225,640 Shares of NiSource, Inc $NI

Bank of New York Mellon Corp cut its stake in shares of NiSource, Inc (NYSE:NI) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,775,960 shares of the utilities provider’s stock after selling 225,640 shares during the period. Bank of New York Mellon Corp’s holdings in NiSource were worth $152,322,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC boosted its holdings in shares of NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after buying an additional 667 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in NiSource during the second quarter worth $32,000. Larson Financial Group LLC raised its position in NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in NiSource by 116.7% in the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Trading Down 0.2%

Shares of NYSE:NI opened at $42.79 on Friday. NiSource, Inc has a 12-month low of $34.82 and a 12-month high of $44.88. The business has a 50 day moving average of $42.31 and a 200-day moving average of $41.00. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The stock has a market cap of $20.42 billion, a PE ratio of 22.64, a P/E/G ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same quarter last year, the business posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. As a group, equities research analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is currently 59.26%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NI shares. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Barclays upped their price objective on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Zacks Research upgraded NiSource to a “hold” rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $50.00 in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.78.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.