NiSource, Inc $NI Shares Sold by Bailard Inc.

Bailard Inc. lessened its holdings in NiSource, Inc (NYSE:NI) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,560 shares of the utilities provider’s stock after selling 1,223 shares during the period. Bailard Inc.’s holdings in NiSource were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its holdings in NiSource by 181.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 941 shares during the last quarter. LPL Financial LLC lifted its stake in NiSource by 29.9% during the first quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock worth $9,390,000 after purchasing an additional 53,972 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NiSource by 90.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock worth $3,223,000 after buying an additional 38,237 shares during the period. Washington Trust Bank grew its stake in shares of NiSource by 5.8% in the second quarter. Washington Trust Bank now owns 198,769 shares of the utilities provider’s stock valued at $8,018,000 after buying an additional 10,819 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of NiSource by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 21,607 shares of the utilities provider’s stock valued at $866,000 after buying an additional 820 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NI has been the subject of a number of research analyst reports. BMO Capital Markets raised 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. Barclays raised their price objective on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.78.

NiSource Stock Down 1.8%

Shares of NiSource stock opened at $42.87 on Friday. NiSource, Inc has a 52-week low of $35.36 and a 52-week high of $44.88. The company has a 50 day moving average of $42.50 and a 200 day moving average of $41.15. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $20.46 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.13 and a beta of 0.62.

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

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.