Hanson & Doremus Investment Management Sells 13,087 Shares of NiSource, Inc $NI

Hanson & Doremus Investment Management reduced its holdings in shares of NiSource, Inc (NYSE:NI) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,258 shares of the utilities provider’s stock after selling 13,087 shares during the period. Hanson & Doremus Investment Management’s holdings in NiSource were worth $4,298,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of NiSource by 2.4% in the 1st quarter. American Century Companies Inc. now owns 202,163 shares of the utilities provider’s stock valued at $8,105,000 after purchasing an additional 4,832 shares in the last quarter. Raymond James Financial Inc. lifted its stake in NiSource by 6.8% in the first quarter. Raymond James Financial Inc. now owns 451,112 shares of the utilities provider’s stock worth $18,085,000 after purchasing an additional 28,851 shares during the last quarter. Summit Financial LLC lifted its stake in NiSource by 9.9% in the first quarter. Summit Financial LLC now owns 6,728 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 607 shares during the last quarter. CW Advisors LLC grew its stake in shares of NiSource by 5.1% during the first quarter. CW Advisors LLC now owns 30,331 shares of the utilities provider’s stock valued at $1,216,000 after buying an additional 1,461 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in shares of NiSource by 72.8% during the first quarter. Compound Planning Inc. now owns 10,938 shares of the utilities provider’s stock valued at $438,000 after buying an additional 4,609 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NI shares. BMO Capital Markets increased their target price on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Mizuho boosted their price objective on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Barclays set a $45.00 target price on shares of NiSource in a report on Monday, December 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Monday. Finally, Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.67.

NiSource Stock Performance

Shares of NI stock opened at $41.60 on Wednesday. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.78 and a beta of 0.63. The stock has a fifty day moving average of $42.71 and a 200 day moving average of $41.80. NiSource, Inc has a 52 week low of $35.51 and a 52 week high of $44.88. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29.

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

Insider Transactions at NiSource

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