NiSource, Inc $NI Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in NiSource, Inc (NYSE:NI) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,047 shares of the utilities provider’s stock after selling 1,197 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in NiSource were worth $1,858,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NI. Vanguard Group Inc. grew its holdings in NiSource by 5.3% in the first quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after purchasing an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of NiSource by 12.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock valued at $962,997,000 after purchasing an additional 2,650,827 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NiSource by 88.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock valued at $221,935,000 after buying an additional 2,605,923 shares during the period. Alkeon Capital Management LLC acquired a new stake in shares of NiSource during the 1st quarter worth $98,682,000. Finally, Nuveen LLC purchased a new position in shares of NiSource in the 1st quarter worth $71,839,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Stock Performance

Shares of NYSE:NI opened at $43.80 on Friday. The business’s 50-day simple moving average is $43.05 and its 200 day simple moving average is $41.40. The company has a market cap of $20.90 billion, a P/E ratio of 23.17, a PEG ratio of 3.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52. NiSource, Inc has a one year low of $35.36 and a one year high of $44.88.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. On average, sell-side analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NI. Barclays boosted their price target on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BMO Capital Markets raised their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of NiSource in a research note on Wednesday, November 19th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

Insiders Place Their Bets

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the sale, the executive vice president owned 41,247 shares of the company’s stock, valued at $1,778,983.11. The trade was a 16.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

NiSource 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.