Amundi Has $85.04 Million Stock Holdings in NiSource, Inc $NI

Amundi lifted its stake in NiSource, Inc (NYSE:NI - Free Report) by 94.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,788,427 shares of the utilities provider's stock after acquiring an additional 868,121 shares during the quarter. Amundi owned approximately 0.37% of NiSource worth $85,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Compass Financial Management LLC bought a new position in NiSource in the second quarter valued at approximately $26,000. Zions Bancorporation National Association UT boosted its holdings in shares of NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider's stock valued at $26,000 after buying an additional 330 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of NiSource in the 4th quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of NiSource in the fourth quarter valued at $27,000. Finally, DV Equities LLC acquired a new position in NiSource during the fourth quarter worth $28,000. Institutional investors own 91.64% of the company's stock.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 78,527 shares of the company's stock, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

NiSource Stock Down 0.5%

Shares of NI opened at $41.70 on Thursday. The firm has a market cap of $20.00 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. NiSource, Inc has a 52 week low of $39.29 and a 52 week high of $49.21. The firm's 50-day simple moving average is $43.81 and its 200 day simple moving average is $45.91.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 quarter in the previous year, the company posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

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 annualized dividend and a yield of 2.9%. NiSource's payout ratio is 63.83%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Wall Street Zen downgraded shares of NiSource from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of NiSource in a report on Tuesday, July 21st. BMO Capital Markets lowered their price target on NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. Finally, LADENBURG THALM/SH SH dropped their price objective on NiSource from $51.50 to $51.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.64.

NiSource Profile

NiSource Inc NYSE: NI is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.

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