Corient Private Wealth LP Purchases New Holdings in NiSource, Inc $NI

Key Points

• Corient Private Wealth initiated an 82,905-share position in NiSource during the second quarter, valued at approximately $3.94 million. Institutional investors collectively own 91.64% of the company.
• Analysts maintain a positive outlook, with 10 Buy ratings and two Holds, resulting in a “Moderate Buy” consensus and an average price target of $49.64. NiSource shares opened at $40.91, below the consensus target.
• NiSource reported quarterly EPS of $0.16, in line with estimates, and revenue of $1.34 billion, above expectations. The company also declared a quarterly dividend of $0.30 per share, representing a 2.9% annualized yield.

Corient Private Wealth LP acquired a new position in NiSource, Inc (NYSE:NI - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 82,905 shares of the utilities provider's stock, valued at approximately $3,943,000.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in shares of NiSource during the second quarter valued at approximately $26,000. Strive Financial Group LLC bought a new stake in shares of NiSource during the 4th quarter worth approximately $26,000. Zions Bancorporation National Association UT lifted its stake in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider's stock worth $26,000 after acquiring an additional 330 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in NiSource during the 4th quarter valued at $27,000. Finally, DV Equities LLC purchased a new position in NiSource during the 4th quarter valued at $28,000. Institutional investors own 91.64% of the company's stock.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were 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 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 SEC, which is available at this link. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on NI shares. Wells Fargo & Company increased their target price on NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. KeyCorp lowered their target price on shares of NiSource from $52.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. BMO Capital Markets cut their price target on shares of NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Mizuho cut their price target on shares of NiSource from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, August 26th. Finally, Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.64.

NiSource Stock Up 0.8%

Shares of NYSE NI opened at $40.91 on Tuesday. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.02 and a beta of 0.55. The stock has a 50 day moving average price of $44.69 and a 200 day moving average price of $46.13. 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 (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource's dividend payout ratio is 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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