Great Lakes Advisors LLC Takes Position in NiSource, Inc $NI

Great Lakes Advisors LLC purchased 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 Securities & Exchange Commission. The firm purchased 79,778 shares of the utilities provider's stock, valued at approximately $3,793,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider's stock worth $2,606,180,000 after purchasing an additional 1,032,630 shares during the last quarter. BlackRock Inc. bought a new position in NiSource during the second quarter worth about $2,613,234,000. T. Rowe Price Investment Management Inc. raised its stake in NiSource by 19.0% in the 4th 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 purchasing an additional 8,240,227 shares in the last quarter. State Street Corp raised its stake in NiSource by 4.5% in the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider's stock worth $1,116,459,000 after purchasing an additional 1,154,351 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider's stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Activity

In related news, EVP Melody Birmingham sold 37,509 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the transaction, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

NiSource Trading Up 0.1%

NYSE NI opened at $41.69 on Friday. The firm has a market capitalization of $19.99 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.55. The business's 50-day moving average price is $45.60 and its two-hundred day moving average price is $46.29. 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, hitting analysts' consensus estimates of $0.16. The company had revenue of $1.34 billion for 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 period in the previous year, the firm earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm 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 $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. NiSource's dividend payout ratio (DPR) is 63.83%.

Wall Street Analysts Forecast Growth

NI has been the subject of a number of analyst reports. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Wall Street Zen downgraded NiSource from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Wells Fargo & Company increased their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Royal Bank Of Canada assumed coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price target on the stock. Finally, KeyCorp lowered their price objective on shares of NiSource from $52.00 to $50.00 and set an "overweight" rating for the company 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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