Rep. Dan Newhouse Sells Off Shares of NiSource Inc. (NYSE:NI)

Representative Dan Newhouse (R-Washington) recently sold shares of NiSource Inc. NYSE: NI. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in NiSource stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.

NiSource Trading Down 1.2%

Shares of NiSource stock traded down $0.48 during trading on Wednesday, hitting $38.81. The company's stock had a trading volume of 1,013,784 shares, compared to its average volume of 4,144,090. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.53. NiSource Inc. has a 52 week low of $27.60 and a 52 week high of $41.45. The stock has a 50-day moving average price of $39.06 and a two-hundred day moving average price of $38.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. NiSource had a return on equity of 7.87% and a net margin of 13.94%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the company posted $0.85 EPS. Equities research analysts anticipate that NiSource Inc. will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Thursday, July 31st will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.12 annualized dividend and a yield of 2.89%. NiSource's dividend payout ratio is presently 60.54%.

Analysts Set New Price Targets

NI has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of NiSource from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Guggenheim boosted their price objective on NiSource from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Mizuho raised their target price on NiSource from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 26th. Barclays lifted their target price on NiSource from $38.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, UBS Group increased their price target on NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $41.50.

Insider Activity

In related news, Director Michael E. Jesanis sold 4,000 shares of NiSource stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.22, for a total value of $152,880.00. Following the completion of the sale, the director now owns 24,719 shares of the company's stock, valued at approximately $944,760.18. This trade represents a 13.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NiSource

A number of hedge funds have recently added to or reduced their stakes in NI. Integrated Wealth Concepts LLC lifted its position in NiSource by 1.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 13,987 shares of the utilities provider's stock valued at $514,000 after acquiring an additional 256 shares in the last quarter. Larson Financial Group LLC lifted its stake in NiSource by 48.8% during the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 266 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in NiSource by 3.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 7,448 shares of the utilities provider's stock worth $299,000 after acquiring an additional 277 shares during the last quarter. Securian Asset Management Inc. boosted its holdings in NiSource by 1.1% during the 4th quarter. Securian Asset Management Inc. now owns 25,087 shares of the utilities provider's stock worth $922,000 after acquiring an additional 282 shares during the last quarter. Finally, Capital Analysts LLC grew its stake in shares of NiSource by 0.6% in the 1st quarter. Capital Analysts LLC now owns 50,416 shares of the utilities provider's stock worth $2,021,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.