Key Points
- NiSource EVP Melody Birmingham sold 10,000 shares on May 14 at an average price of $47.19, generating about $471,900. After the sale, she still held 117,899 shares valued at roughly $5.56 million.
- Birmingham also sold 2,500 additional shares on May 20 at an average price of $47.43, for proceeds of about $118,575.
- NiSource recently reported first-quarter EPS of $1.06, matching estimates, and reaffirmed FY2026 guidance of $2.02 to $2.07 per share. The company also declared a quarterly dividend of $0.30 per share, implying a 2.5% yield.
NiSource, Inc (NYSE:NI - Get Free Report) EVP Melody Birmingham sold 2,500 shares of the company's stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Melody Birmingham also recently made the following trade(s):
- On Thursday, May 14th, Melody Birmingham sold 10,000 shares of NiSource stock. The stock was sold at an average price of $47.19, for a total value of $471,900.00.
NiSource Trading Up 1.6%
NYSE:NI opened at $47.76 on Friday. The stock's 50 day moving average price is $47.16 and its 200 day moving average price is $44.84. NiSource, Inc has a 52 week low of $38.13 and a 52 week high of $48.98. The company has a market capitalization of $22.90 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.75 and a beta of 0.57. 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 (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.
NiSource Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource's dividend payout ratio is currently 59.70%.
Institutional Investors Weigh In On NiSource
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of NiSource by 1.7% in 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 acquiring an additional 1,032,630 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of NiSource by 19.0% in the fourth 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 boosted its position in shares of NiSource by 4.5% in the fourth 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 boosted its position 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 period. Finally, Geode Capital Management LLC boosted its position in shares of NiSource by 2.0% in the fourth 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 during the period. Institutional investors own 91.64% of the company's stock.
Wall Street Analyst Weigh In
NI has been the topic of a number of research reports. BMO Capital Markets restated an "outperform" rating and issued a $51.00 price objective on shares of NiSource in a report on Monday, April 20th. Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. Citigroup increased their price objective on NiSource from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. KeyCorp began coverage on NiSource in a research report on Tuesday, March 31st. They set an "overweight" rating and a $52.00 target price for the company. Finally, Wells Fargo & Company upped their target price on NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NiSource has a consensus rating of "Moderate Buy" and an average price target of $50.33.
View Our Latest Analysis on NiSource
NiSource Company Profile
(
Get Free Report)
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.
Further Reading
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