Hanson & Doremus Investment Management Trims Stock Holdings in NiSource, Inc $NI

Hanson & Doremus Investment Management decreased its position in NiSource, Inc (NYSE:NI) by 11.6% in the third quarter, Holdings Channel.com reports. The firm owned 99,258 shares of the utilities provider’s stock after selling 13,087 shares during the quarter. Hanson & Doremus Investment Management’s holdings in NiSource were worth $4,298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NI. Cullen Frost Bankers Inc. increased its stake in shares of NiSource by 181.7% during the second 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 in the last quarter. Magnetar Financial LLC boosted its position in shares of NiSource by 195.5% in the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock worth $7,380,000 after purchasing an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management grew its stake in shares of NiSource by 10.6% in the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock worth $13,737,000 after buying an additional 32,595 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in NiSource by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock valued at $170,070,000 after buying an additional 55,515 shares in the last quarter. Finally, Williamson Legacy Group LLC raised its stake in NiSource by 138.7% during the second quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock valued at $1,199,000 after buying an additional 17,271 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NI shares. Mizuho increased their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Evercore ISI increased their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Barclays set a $45.00 target price on shares of NiSource in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

NiSource Stock Performance

Shares of NYSE NI opened at $41.60 on Wednesday. The firm’s 50-day moving average price is $42.71 and its 200-day moving average price is $41.80. NiSource, Inc has a 52-week low of $35.51 and a 52-week high of $44.88. The company has a market cap of $19.85 billion, a PE ratio of 22.01, a PEG ratio of 2.78 and a beta of 0.63. 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 released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same period in the previous year, the firm earned $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, analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

Insider Buying and Selling at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total value of $345,040.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by insiders.

About NiSource

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.