Rep. Dan Newhouse Sells NiSource Inc. (NYSE:NI) Stock

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 Up 0.2%

Shares of NI stock traded up $0.09 during mid-day trading on Friday, reaching $38.59. The stock had a trading volume of 255,562 shares, compared to its average volume of 4,145,937. The firm has a market capitalization of $18.16 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 2.56 and a beta of 0.53. The stock's 50-day moving average price is $39.07 and its two-hundred day moving average price is $38.11. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. NiSource Inc. has a 52-week low of $27.60 and a 52-week high of $41.45.

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

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.12 annualized dividend and a yield of 2.90%. NiSource's payout ratio is currently 60.54%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NiSource

In other news, Director Michael E. Jesanis sold 4,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.22, for a total transaction of $152,880.00. Following the transaction, the director now directly owns 24,719 shares of the company's stock, valued at $944,760.18. This represents a 13.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NI. Canada Post Corp Registered Pension Plan purchased a new position in shares of NiSource in the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in NiSource by 64.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 765 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. Brooklyn Investment Group raised its holdings in NiSource by 153.2% in the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock worth $32,000 after buying an additional 527 shares during the last quarter. Larson Financial Group LLC lifted its position in NiSource by 48.8% in 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. Finally, Spire Wealth Management purchased a new stake in NiSource during the 4th quarter valued at $39,000. Hedge funds and other institutional investors 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.

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