Nykredit A S Invests $5.66 Million in NiSource, Inc $NI

Key Points

• Nykredit A/S purchased 119,103 NiSource shares during the second quarter, worth approximately $5.66 million. Institutional investors now own 91.64% of the utility company.
• NiSource reported quarterly EPS of $0.16, in line with analyst estimates, while revenue of $1.34 billion exceeded the $1.15 billion consensus forecast. Management reaffirmed fiscal 2026 EPS guidance of $2.02–$2.07.
• The company declared a quarterly dividend of $0.30 per share, equivalent to an annualized $1.20 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $49.64.

Nykredit A S purchased a new position in NiSource, Inc (NYSE:NI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 119,103 shares of the utilities provider's stock, valued at approximately $5,663,000.

Other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of NiSource by 35.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,339 shares of the utilities provider's stock worth $64,000 after purchasing an additional 353 shares during the period. Amundi raised its position in NiSource by 94.3% in the 2nd quarter. Amundi now owns 1,788,427 shares of the utilities provider's stock worth $85,040,000 after purchasing an additional 868,121 shares during the period. Wedmont Private Capital lifted its stake in NiSource by 10.7% in the second quarter. Wedmont Private Capital now owns 5,260 shares of the utilities provider's stock worth $247,000 after purchasing an additional 510 shares during the last quarter. HB Wealth Management LLC lifted its stake in NiSource by 32.4% in the second quarter. HB Wealth Management LLC now owns 20,479 shares of the utilities provider's stock worth $974,000 after purchasing an additional 5,011 shares during the last quarter. Finally, Saudi Central Bank boosted its position in shares of NiSource by 90.5% during the second quarter. Saudi Central Bank now owns 33,555 shares of the utilities provider's stock valued at $1,596,000 after buying an additional 15,941 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Performance

NI stock opened at $40.49 on Tuesday. NiSource, Inc has a one year low of $40.09 and a one year high of $49.21. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 3.03 and a beta of 0.54. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The firm has a 50-day simple moving average of $42.80 and a two-hundred day simple moving average of $45.59.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 30th. NiSource's payout ratio is presently 63.83%.

Insider Buying and Selling

In other news, EVP Melody Birmingham sold 37,509 shares of the company's stock in a transaction on 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 sale, the executive vice president directly owned 78,527 shares of the company's stock, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NI. BMO Capital Markets reduced their price target on NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Royal Bank Of Canada started coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price objective for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of NiSource in a report on Tuesday, July 21st. KeyCorp dropped their price objective on shares of NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, LADENBURG THALM/SH SH cut their price objective on shares of NiSource from $51.50 to $51.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, NiSource presently has an average rating of "Moderate Buy" and an average target price of $49.64.

About NiSource

NiSource Inc NYSE: NI is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.

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