Canada Pension Plan Investment Board Makes New Investment in NiSource, Inc $NI

Canada Pension Plan Investment Board bought a new stake in shares of NiSource, Inc (NYSE:NI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 743,163 shares of the utilities provider's stock, valued at approximately $35,337,000. Canada Pension Plan Investment Board owned approximately 0.15% of NiSource as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NI. Compass Financial Management LLC purchased a new stake in shares of NiSource in the 2nd quarter worth approximately $26,000. Strive Financial Group LLC purchased a new position in NiSource during the fourth quarter valued at $26,000. Zions Bancorporation National Association UT raised its stake in NiSource by 113.8% during the fourth 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. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in NiSource in the fourth quarter worth $27,000. Finally, DV Equities LLC bought a new stake in NiSource in the fourth quarter worth $28,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Stock Performance

Shares of NI opened at $40.95 on Friday. The business's fifty day simple moving average is $44.96 and its two-hundred day simple moving average is $46.18. 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. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 3.06 and a beta of 0.55.

NiSource (NYSE:NI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter last year, the company earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource's dividend payout ratio (DPR) is presently 63.83%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NI. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH lowered their price target on NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of NiSource from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, BMO Capital Markets reduced their price objective on shares of NiSource from $51.00 to $49.00 and set an "outperform" rating for the company in a research note on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.64.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 78,527 shares of the company's stock, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company's stock.

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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