Dockside LLC Purchases New Shares in NiSource, Inc $NI

Dockside LLC purchased a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 57,632 shares of the utilities provider’s stock, valued at approximately $2,740,000.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of NiSource by 60.1% during the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares in the last quarter. Woodline Partners LP lifted its stake in NiSource by 41.6% in the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after buying an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in NiSource in the 1st quarter worth about $105,000. Bank of Nova Scotia increased its stake in NiSource by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after buying an additional 266 shares in the last quarter. Finally, AXA S.A. purchased a new stake in NiSource during the 2nd quarter worth approximately $1,054,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NI shares. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. 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. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets decreased their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, Barclays lowered their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.70.

NiSource Stock Performance

Shares of NiSource stock opened at $42.47 on Friday. NiSource, Inc has a one year low of $38.45 and a one year high of $49.21. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.13 and a beta of 0.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The business’s 50 day moving average price is $45.95 and its 200 day moving average price is $46.35.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $0.22 EPS. 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 EPS for the current year.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. NiSource’s payout ratio is 63.83%.

Insider Transactions at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melody Birmingham sold 2,500 shares of the company’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 value of $118,575.00. Following the completion of the transaction, the executive vice president owned 116,036 shares in the company, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by insiders.

NiSource Company 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.