Key Points
- NiSource EVP Melanie Berman sold 15,000 shares on May 22 at an average price of $47.68, worth about $715,200. The sale reduced her stake by 29.42% to 35,990 shares.
- NiSource recently reported quarterly earnings in line with expectations, posting EPS of $1.06 versus estimates of $1.06, while revenue came in below forecast at $2.36 billion. The company also reiterated FY 2026 guidance of $2.02 to $2.07 EPS.
- The utility pays a quarterly dividend of $0.30 per share, or $1.20 annualized, for a yield of about 2.5%. Analysts currently rate the stock a Moderate Buy with an average price target of $50.33.
NiSource, Inc (NYSE:NI - Get Free Report) EVP Melanie Berman sold 15,000 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
NiSource Stock Down 0.7%
Shares of NiSource stock opened at $47.46 on Thursday. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $48.98. The company has a 50 day moving average of $47.22 and a 200 day moving average of $44.98. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $22.75 billion, a P/E ratio of 23.61, a P/E/G ratio of 3.82 and a beta of 0.57.
NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter in the previous year, the firm earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.
NiSource Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource's payout ratio is 59.70%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of NiSource from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Barclays lifted their price objective on shares of NiSource from $45.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Wells Fargo & Company lifted their price objective on shares of NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. KeyCorp assumed coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an "overweight" rating and a $52.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $50.33.
Read Our Latest Stock Report on NI
Institutional Trading of NiSource
Institutional investors have recently modified their holdings of the stock. Zions Bancorporation National Association UT lifted its position in shares of 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 buying an additional 330 shares during the last quarter. Strive Financial Group LLC purchased a new stake in shares of NiSource during the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of NiSource during the 4th quarter worth approximately $27,000. DV Equities LLC purchased a new stake in shares of NiSource during the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of NiSource during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.64% of the company's stock.
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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