Vise Technologies Inc. Acquires Shares of 133,817 NiSource, Inc $NI

Vise Technologies Inc. bought a new stake in shares of NiSource, Inc (NYSE:NI) in the 2nd quarter, Holdings Channel reports. The fund bought 133,817 shares of the utilities provider’s stock, valued at approximately $6,363,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Strive Financial Group LLC purchased a new position in NiSource in the fourth quarter valued at about $26,000. Zions Bancorporation National Association UT increased its holdings in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in NiSource during the 4th quarter worth approximately $27,000. DV Equities LLC acquired a new position in shares of NiSource in the 4th quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of NiSource in the 4th quarter valued at approximately $28,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. 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. BMO Capital Markets cut their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. KeyCorp reduced their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada began coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective on the stock. Finally, LADENBURG THALM/SH SH decreased their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $49.82.

NiSource Price Performance

NI opened at $41.69 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The company’s 50-day moving average price is $45.60 and its 200 day moving average price is $46.29. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.55.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same period in the previous year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts expect that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. NiSource’s payout ratio is currently 63.83%.

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.