North Dakota State Investment Board Acquires Shares of 16,136 NiSource, Inc $NI

North Dakota State Investment Board acquired a new stake in NiSource, Inc (NYSE:NI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,136 shares of the utilities provider’s stock, valued at approximately $674,000.

Other institutional investors have also modified their holdings of the company. REAP Financial Group LLC acquired a new position in shares of NiSource in the third quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in shares of NiSource in the fourth quarter valued at approximately $33,000. Laurel Wealth Advisors LLC acquired a new position in shares of NiSource in the fourth quarter valued at approximately $46,000. Sentry Investment Management LLC acquired a new position in shares of NiSource in the third quarter valued at approximately $52,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of NiSource in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Trading Up 1.6%

Shares of NI stock opened at $47.76 on Friday. The business’s fifty day moving average price is $47.16 and its 200 day moving average price is $44.84. NiSource, Inc has a 1-year low of $38.13 and a 1-year high of $48.98. The firm has a market capitalization of $22.90 billion, a PE ratio of 23.76, a P/E/G ratio of 3.75 and a beta of 0.57. 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 (NYSE:NI) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter in the prior year, the company earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal 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 issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.5%. NiSource’s dividend payout ratio is 59.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $52.00 target price on NiSource in a report on Monday, May 11th. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. One 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, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

About NiSource

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.