Amundi Lowers Holdings in NiSource, Inc $NI

Key Points

• Amundi reduced its NiSource stake by 16.1% during the first quarter, selling 176,821 shares and retaining 920,306 shares valued at approximately $42.9 million. Institutional investors collectively own 91.64% of the company.
• Analysts remain broadly positive, with nine Buy ratings and three Holds contributing to a “Moderate Buy” consensus and an average price target of $50.30. NiSource recently reported quarterly EPS in line with estimates at $1.06 and issued fiscal 2026 EPS guidance of $2.02–$2.07.
• NiSource declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 2.7% yield, payable August 20 to shareholders of record July 31.

Amundi lessened its stake in NiSource, Inc (NYSE:NI - Free Report) by 16.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 920,306 shares of the utilities provider's stock after selling 176,821 shares during the quarter. Amundi owned approximately 0.19% of NiSource worth $42,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Zions Bancorporation National Association UT lifted its position in shares of NiSource by 113.8% in the fourth 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 in the last quarter. Strive Financial Group LLC bought a new position in shares of NiSource during the 4th quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of NiSource in the fourth quarter valued at $27,000. DV Equities LLC purchased a new position in shares of NiSource in the fourth quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of NiSource in the 4th quarter worth about $28,000. Institutional investors own 91.64% of the company's stock.

Insider Transactions at NiSource

In related news, EVP Melody Birmingham sold 2,500 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares of the company's stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were 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 $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a research note on Tuesday, July 21st. Barclays raised their target price on shares of NiSource from $49.00 to $51.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Wells Fargo & Company increased their price target on NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Royal Bank Of Canada assumed coverage on NiSource in a research report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. Finally, KeyCorp decreased their target price on NiSource from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.30.

NiSource Trading Up 0.2%

NYSE:NI opened at $44.52 on Monday. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.25 and a beta of 0.55. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. 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 firm has a 50 day moving average of $46.69 and a 200 day moving average of $46.41.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period in the previous year, the company earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that NiSource, Inc will post 2.09 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. NiSource's payout ratio is currently 59.70%.

NiSource Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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