SG Trading Solutions LLC Takes $484,000 Position in NiSource, Inc $NI

SG Trading Solutions LLC acquired a new stake in NiSource, Inc (NYSE:NI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,593 shares of the utilities provider’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also made changes to their positions in NI. Vanguard Group Inc. boosted its position in shares of NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after acquiring an additional 1,032,630 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares during the period. State Street Corp boosted its position in shares of NiSource by 4.5% during the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after buying an additional 1,154,351 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NiSource by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after buying an additional 245,110 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NI has been the topic of several research reports. 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 report on Friday, April 17th. KeyCorp started coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. Citigroup raised their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. The trade was a 7.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,500 shares of company stock valued at $1,305,675. Corporate insiders own 0.37% of the company’s stock.

NiSource Trading Down 0.1%

Shares of NI opened at $47.20 on Friday. The firm has a market capitalization of $22.63 billion, a P/E ratio of 23.48, a PEG ratio of 3.77 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The firm’s 50-day moving average is $47.21 and its two-hundred day moving average is $45.35. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $48.98.

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

NiSource Dividend Announcement

The firm 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

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.