Wealthfront Advisers LLC Grows Position in NiSource, Inc $NI

Wealthfront Advisers LLC grew its position in NiSource, Inc (NYSE:NI) by 20.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,599 shares of the utilities provider’s stock after purchasing an additional 19,547 shares during the period. Wealthfront Advisers LLC’s holdings in NiSource were worth $5,301,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after buying an additional 1,032,630 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of NiSource by 19.0% in the 4th 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 acquiring an additional 8,240,227 shares during the period. State Street Corp raised its stake in shares of NiSource by 4.5% in the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after acquiring an additional 1,154,351 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of NiSource by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after acquiring an additional 245,110 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NI shares. KeyCorp started coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. BMO Capital Markets lowered their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday. Citigroup raised their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company boosted their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Trading Down 0.7%

NYSE:NI opened at $45.93 on Friday. 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 one year low of $38.45 and a one year high of $49.21. The business’s 50-day simple moving average is $46.99 and its 200 day simple moving average is $46.12. The stock has a market cap of $22.02 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 3.42 and a beta of 0.55.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 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 firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend 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 (DPR) is presently 59.70%.

Insiders Place Their Bets

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Melody Birmingham sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the transaction, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 27,500 shares of company stock valued at $1,305,675. Insiders own 0.37% of the company’s stock.

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.