Inspire Investing LLC Purchases Shares of 19,642 NiSource, Inc $NI

Inspire Investing LLC bought a new position in shares of NiSource, Inc (NYSE:NI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,642 shares of the utilities provider’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NI. Vanguard Group Inc. increased its position in NiSource by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock worth $2,477,766,000 after purchasing an additional 578,061 shares in the last quarter. State Street Corp increased its holdings in shares of NiSource by 4.1% during the second quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock worth $997,447,000 after buying an additional 965,718 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of NiSource by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock valued at $491,850,000 after acquiring an additional 124,868 shares in the last quarter. Finally, Jennison Associates LLC grew its position in NiSource by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock worth $473,381,000 after acquiring an additional 156,958 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Performance

NYSE:NI opened at $41.74 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39. The company has a market capitalization of $19.92 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.80 and a beta of 0.63. NiSource, Inc has a 1 year low of $35.51 and a 1 year high of $44.88. The business has a fifty day simple moving average of $42.62 and a two-hundred day simple moving average of $41.82.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same quarter in the prior year, the business earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. On average, analysts expect that NiSource, Inc will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

NI has been the subject of a number of recent research reports. Barclays set a $45.00 price objective on NiSource in a report on Monday, December 8th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. UBS Group lifted their target price on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets increased their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

Insider Buying and Selling

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.