B. Metzler seel. Sohn & Co. AG Takes $1.87 Million Position in NiSource, Inc $NI

B. Metzler seel. Sohn & Co. AG bought a new position in shares of NiSource, Inc (NYSE:NI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 39,258 shares of the utilities provider's stock, valued at approximately $1,867,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of NiSource during the second quarter worth approximately $2,613,234,000. BNP Paribas Financial Markets grew its position in shares of NiSource by 41.7% during the 4th quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider's stock worth $37,228,000 after buying an additional 262,483 shares during the period. Norges Bank bought a new stake in shares of NiSource during the fourth quarter worth approximately $336,852,000. Reaves W H & Co. Inc. raised its stake in shares of NiSource by 8.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider's stock worth $226,537,000 after buying an additional 415,089 shares during the last quarter. Finally, De Lisle Partners LLP acquired a new position in NiSource in the fourth quarter valued at approximately $4,176,000. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president directly owned 78,527 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is owned by corporate insiders.

NiSource Trading Down 2.4%

Shares of NYSE:NI opened at $40.63 on Friday. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 3.02 and a beta of 0.55. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The company's fifty day simple moving average is $45.46 and its 200 day simple moving average is $46.25. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period in the prior year, the business earned $0.22 EPS. 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 Friday, November 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. NiSource's dividend payout ratio is currently 63.83%.

Analyst Ratings Changes

NI has been the subject of several recent research reports. Wall Street Zen cut shares of NiSource from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. KeyCorp reduced their price target on NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. Wells Fargo & Company upped their price objective on NiSource from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Finally, Barclays cut their target price 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.82.

About NiSource

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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