Van ECK Associates Corp Has $17.26 Million Stake in NiSource, Inc $NI

Van ECK Associates Corp raised its stake in NiSource, Inc (NYSE:NI) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 362,972 shares of the utilities provider’s stock after acquiring an additional 32,888 shares during the period. Van ECK Associates Corp owned about 0.08% of NiSource worth $17,259,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in NiSource during the second quarter worth about $2,613,234,000. Orion Porfolio Solutions LLC raised 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 acquiring an additional 16,836,630 shares during the last quarter. Deutsche Bank AG bought a new position in shares of NiSource in the second quarter valued at approximately $574,295,000. T. Rowe Price Investment Management Inc. boosted its holdings 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 worth $2,150,818,000 after acquiring an additional 8,240,227 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of NiSource in the 4th quarter worth approximately $336,852,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Mizuho reduced their price objective on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Royal Bank Of Canada started coverage on NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. LADENBURG THALM/SH SH lowered their target price on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Finally, Barclays cut their price target on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.64.

NiSource Stock Performance

Shares of NiSource stock opened at $40.91 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The firm has a market cap of $19.62 billion, a P/E ratio of 21.76, a P/E/G ratio of 3.02 and a beta of 0.55. The firm has a 50 day simple moving average of $44.69 and a 200 day simple moving average of $46.13. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same period last year, the company earned $0.22 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be issued a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.9%. NiSource’s dividend payout ratio (DPR) is currently 63.83%.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently 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.