Capital Innovations LLC Invests $494,000 in NiSource, Inc $NI

Capital Innovations LLC acquired a new position in NiSource, Inc (NYSE:NI) during the fourth quarter, HoldingsChannel reports. The firm acquired 11,825 shares of the utilities provider’s stock, valued at approximately $494,000.

A number of other large investors also recently modified their holdings of NI. NewEdge Advisors LLC raised its holdings in shares of NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares during the period. Woodline Partners LP raised its holdings in shares of NiSource by 41.6% in the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 11,671 shares during the period. Acadian Asset Management LLC purchased a new position in shares of NiSource in the 1st quarter worth about $105,000. Bank of Nova Scotia raised its holdings in shares of NiSource by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after purchasing an additional 266 shares during the period. Finally, AXA S.A. purchased a new position in shares of NiSource in the 2nd quarter worth about $1,054,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by insiders.

NiSource Price Performance

NI stock opened at $45.82 on Wednesday. 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 $48.98. The firm has a market cap of $21.97 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54. The stock has a 50-day simple moving average of $47.17 and a 200-day simple moving average of $45.03.

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

NiSource Dividend Announcement

The firm also recently disclosed 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 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

Analyst Ratings Changes

NI has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays increased their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. Finally, Citigroup increased their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.33.

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.