Bellars Harris Wealth Management LLC Takes Position in NiSource, Inc $NI

Key Points

• Bellars Harris Wealth Management acquired 209,027 NiSource shares in the second quarter, worth approximately $9.9 million and representing 2% of its portfolio. Institutional investors collectively own 91.64% of NiSource.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $49.70, compared with the stock’s reported opening price of $42.47.
• NiSource reported quarterly EPS of $0.16, in line with estimates, while revenue of $1.34 billion exceeded expectations. The company also declared a quarterly dividend of $0.30 per share, implying a 2.8% annualized yield.

Bellars Harris Wealth Management LLC bought a new position in shares of NiSource, Inc (NYSE:NI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 209,027 shares of the utilities provider's stock, valued at approximately $9,939,000. NiSource accounts for 2.0% of Bellars Harris Wealth Management LLC's investment portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its position in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider's stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider's stock worth $2,150,818,000 after acquiring an additional 8,240,227 shares in the last quarter. Norges Bank acquired a new stake in shares of NiSource in the fourth quarter worth $336,852,000. Millennium Management LLC increased its position in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider's stock worth $137,101,000 after acquiring an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of NiSource in the 4th quarter valued at $100,965,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Transactions at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of NiSource 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 completion of the transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Melody Birmingham sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president owned 116,036 shares in the company, valued at $5,503,587.48. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NI shares. Citigroup lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Monday, May 11th. Wall Street Zen downgraded NiSource from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Evercore set a $52.00 price objective on NiSource in a research report on Monday, May 11th. Barclays reduced their price objective on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Finally, BMO Capital Markets decreased their target price on NiSource from $51.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $49.70.

NiSource Stock Up 0.9%

Shares of NYSE:NI opened at $42.47 on Friday. The firm has a market cap of $20.37 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. The company has a fifty day simple moving average of $45.95 and a 200 day simple moving average of $46.35. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21.

NiSource (NYSE:NI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. NiSource's dividend payout ratio (DPR) is presently 63.83%.

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.

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