GSA Capital Partners LLP Takes $1.54 Million Position in NiSource, Inc $NI

Key Points

• GSA Capital Partners acquired 32,493 NiSource shares worth approximately $1.54 million, while institutional investors and hedge funds collectively own 91.64% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $49.70.
• NiSource matched quarterly EPS expectations at $0.16 and exceeded revenue estimates with $1.34 billion; it also declared a quarterly dividend of $0.30 per share, yielding about 2.8% annually.

GSA Capital Partners LLP purchased a new stake in shares of NiSource, Inc (NYSE:NI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,493 shares of the utilities provider's stock, valued at approximately $1,545,000.

A number of other large investors have also recently added to or reduced their stakes in NI. Advisory Services Network LLC grew its holdings in NiSource by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider's stock valued at $634,000 after buying an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of NiSource by 1.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider's stock worth $788,000 after purchasing an additional 225 shares during the period. Choreo LLC lifted its stake in shares of NiSource by 2.7% during the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider's stock worth $369,000 after purchasing an additional 234 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of 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 purchasing an additional 240 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its holdings in shares of 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 purchasing an additional 246 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup upped their target price on NiSource from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. Barclays lowered their price target on NiSource from $51.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Royal Bank Of Canada assumed coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price objective for the company. Wall Street Zen lowered shares of NiSource from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Finally, BMO Capital Markets decreased their target price on shares of NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.70.

Insider Activity at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares of the company's stock, valued at approximately $1,716,003.20. This 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 can be accessed through this link. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president owned 116,036 shares in the company, valued at approximately $5,503,587.48. This trade represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company's stock.

NiSource Stock Performance

NiSource stock opened at $42.47 on Monday. The firm has a market capitalization of $20.37 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.16 and a beta of 0.55. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The stock has a fifty day moving average price of $45.95 and a two-hundred day moving average price of $46.36.

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 quarter 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. As a group, analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. NiSource's dividend payout ratio is currently 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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