De Lisle Partners LLP Acquires Shares of 110,000 NiSource, Inc $NI

Key Points

• De Lisle Partners LLP acquired 110,000 NiSource shares during the second quarter, worth approximately $5.23 million. Institutional investors collectively own 91.64% of the utility company.
• Analysts maintain a generally positive view, with 10 Buy ratings and two Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $49.82.
• NiSource reported quarterly revenue of $1.34 billion and adjusted earnings of $0.16 per share, while maintaining a quarterly dividend of $0.30 per share, equivalent to a 3.0% annual yield.

De Lisle Partners LLP 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 disclosure with the Securities and Exchange Commission. The fund bought 110,000 shares of the utilities provider's stock, valued at approximately $5,230,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NI. Advisory Services Network LLC grew its stake in shares of NiSource by 1.5% during the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider's stock worth $634,000 after purchasing an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in NiSource by 1.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider's stock valued at $788,000 after buying an additional 225 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in NiSource by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider's stock worth $637,000 after buying an additional 240 shares during the last quarter. Prosperity Consulting Group LLC boosted its holdings in NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider's stock worth $1,020,000 after buying an additional 246 shares during the last quarter. Finally, World Investment Advisors grew its position in shares of NiSource by 3.2% during the 4th quarter. World Investment Advisors now owns 7,871 shares of the utilities provider's stock worth $308,000 after buying an additional 247 shares during the period. Institutional investors own 91.64% of the company's stock.

Insider Transactions at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of NiSource 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 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NI shares. Royal Bank Of Canada assumed coverage on NiSource in a report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price target for the company. Barclays decreased their target price on shares of NiSource from $51.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. Wells Fargo & Company raised 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NiSource in a research report on Tuesday, July 21st. Finally, KeyCorp lowered their target price on NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Ten 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.82.

NiSource Price Performance

Shares of NI opened at $40.63 on Friday. The company 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 1-year low of $38.45 and a 1-year 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 current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 30th. NiSource's dividend payout ratio (DPR) 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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