Wealthfront Advisers LLC Invests $5.52 Million in NiSource, Inc $NI

Wealthfront Advisers LLC bought a new stake in shares of NiSource, Inc (NYSE:NI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 116,147 shares of the utilities provider’s stock, valued at approximately $5,523,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC grew its holdings in NiSource by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after buying an additional 220 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of NiSource by 1.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after buying an additional 225 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in NiSource by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after buying an additional 240 shares during the last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of NiSource by 1.1% during the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after buying an additional 246 shares during the period. Finally, World Investment Advisors grew its holdings in NiSource by 3.2% in the 4th quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock valued at $308,000 after buying an additional 247 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Up 0.1%

Shares of NYSE:NI opened at $41.69 on Friday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The business’s 50 day moving average is $45.60 and its 200 day moving average is $46.29. 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 stock has a market cap of $19.99 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.10 and a beta of 0.55.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

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

Wall Street Analysts Forecast Growth

NI has been the topic of a number of recent research reports. LADENBURG THALM/SH SH decreased their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a report on Monday. Citigroup increased their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Evercore set a $52.00 target price on NiSource in a report on Monday, May 11th. BMO Capital Markets dropped their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Barclays reduced their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.82.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of the firm’s 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 sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by company insiders.

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.