Rep. Jefferson Shreve Sells NiSource, Inc (NYSE:NI) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of NiSource, Inc NYSE: NI. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in NiSource stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
• Sold $100,001 - $250,000 in shares of Walmart NYSE: WMT on 5/12/2025.

NiSource Stock Up 0.7%

Shares of NYSE:NI traded up $0.31 during trading on Friday, reaching $42.21. 2,934,764 shares of the company traded hands, compared to its average volume of 4,082,629. The firm has a fifty day simple moving average of $39.78 and a 200 day simple moving average of $39.11. The firm has a market cap of $19.87 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. NiSource, Inc has a 1-year low of $30.53 and a 1-year high of $42.26. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 1.17.

NiSource (NYSE:NI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.32 billion. NiSource had a net margin of 14.67% and a return on equity of 8.41%. During the same quarter last year, the firm posted $0.85 EPS. Analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed 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. This represents a $1.12 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, July 31st. NiSource's payout ratio is 60.54%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NI shares. Barclays increased their price target on shares of NiSource from $38.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. BMO Capital Markets upped their price objective 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. Guggenheim upped their price objective on shares of NiSource from $42.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of NiSource from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company upped their price objective on shares of NiSource from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $41.50.

Institutional Investors Weigh In On NiSource

Hedge funds have recently bought and sold shares of the company. Canada Post Corp Registered Pension Plan bought a new stake in shares of NiSource during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of NiSource by 64.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 765 shares of the utilities provider's stock worth $31,000 after acquiring an additional 299 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of NiSource during the second quarter worth $32,000. Larson Financial Group LLC increased its position in shares of NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider's stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of NiSource by 44.7% during the first quarter. Quent Capital LLC now owns 1,003 shares of the utilities provider's stock worth $40,000 after acquiring an additional 310 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NiSource

In related news, EVP Melanie B. Berman sold 6,227 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $39.42, for a total value of $245,468.34. Following the completion of the transaction, the executive vice president owned 28,882 shares of the company's stock, valued at approximately $1,138,528.44. This trade represents a 17.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Jesanis sold 6,178 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $37.81, for a total transaction of $233,590.18. Following the completion of the transaction, the director directly owned 18,541 shares of the company's stock, valued at approximately $701,035.21. This trade represents a 24.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,405 shares of company stock valued at $631,939 in the last three months. 0.24% of the stock is owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

NiSource Company Profile

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.