Havemeyer Place LP Takes Position in NiSource, Inc $NI

Havemeyer Place LP purchased a new stake in shares of NiSource, Inc (NYSE:NI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,606 shares of the utilities provider’s stock, valued at approximately $610,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vestcor Inc raised its holdings in NiSource by 320.7% in the fourth quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock worth $2,750,000 after purchasing an additional 50,200 shares in the last quarter. Pinebridge Investments LLC purchased a new position in NiSource during the fourth quarter valued at $849,000. WINTON GROUP Ltd boosted its holdings in shares of NiSource by 24.9% during the 4th quarter. WINTON GROUP Ltd now owns 33,269 shares of the utilities provider’s stock valued at $1,389,000 after buying an additional 6,628 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of NiSource by 15.4% during the 4th quarter. Parallel Advisors LLC now owns 3,978 shares of the utilities provider’s stock valued at $166,000 after buying an additional 530 shares in the last quarter. Finally, Vise Technologies Inc. grew its position in shares of NiSource by 96.0% in the 4th quarter. Vise Technologies Inc. now owns 11,935 shares of the utilities provider’s stock worth $498,000 after buying an additional 5,845 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NI has been the subject of several research reports. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 target price on shares of NiSource in a report on Monday, April 20th. Finally, Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

NiSource Price Performance

NI opened at $45.85 on Tuesday. The stock has a 50-day moving average price of $47.23 and a 200-day moving average price of $45.13. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The firm has a market cap of $21.98 billion, a PE ratio of 22.81, a P/E/G ratio of 3.72 and a beta of 0.55. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $48.98.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $2.36 billion for 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 period in the prior year, the firm posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio is presently 59.70%.

Insider Activity at NiSource

In related news, 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 transaction of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the business’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 transaction, the executive vice president owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock valued at $1,305,675 in the last three months. 0.37% of the stock is owned by insiders.

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.