NiSource, Inc (NYSE:NI - Get Free Report) EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction on Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the transaction, the executive vice president owned 78,527 shares of the company's stock, valued at approximately $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 SEC, which is available through this hyperlink.
Melody Birmingham also recently made the following trade(s):
- On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The stock was sold at an average price of $47.43, for a total value of $118,575.00.
NiSource Price Performance
Shares of NYSE NI opened at $42.15 on Wednesday. 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 company has a market cap of $20.21 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. The stock's 50-day moving average is $45.79 and its two-hundred day moving average is $46.33. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21.
NiSource (NYSE:NI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter last year, the business posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.
NiSource Dividend Announcement
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 paid a $0.30 dividend. The ex-dividend date 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 currently 63.83%.
Hedge Funds Weigh In On NiSource
Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in shares of NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider's stock valued at $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP raised its stake in NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider's stock worth $1,592,000 after acquiring an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in NiSource during the 1st quarter worth $105,000. Bank of Nova Scotia lifted its position in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider's stock valued at $1,986,000 after acquiring an additional 266 shares during the last quarter. Finally, AXA S.A. purchased a new stake in NiSource in the second quarter valued at $1,054,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Royal Bank Of Canada began coverage on shares of NiSource in a research report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. KeyCorp decreased their price objective on shares of NiSource from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Evercore set a $52.00 target price on shares of NiSource in a research note on Monday, May 11th. Citigroup increased their target price on NiSource from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Monday, May 11th. Finally, Barclays cut their price target on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.82.
Check Out Our Latest Stock Analysis on NiSource
About NiSource
(
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.
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