Texas Permanent School Fund Corp Decreases Stake in NiSource, Inc $NI

Texas Permanent School Fund Corp lowered its position in shares of NiSource, Inc (NYSE:NI) by 37.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,522 shares of the utilities provider’s stock after selling 19,596 shares during the quarter. Texas Permanent School Fund Corp’s holdings in NiSource were worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of NI. Crewe Advisors LLC lifted its holdings in NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 304 shares during the period. Hantz Financial Services Inc. raised its stake in shares of NiSource by 2,668.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the period. Country Trust Bank purchased a new position in shares of NiSource in the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in shares of NiSource in the 2nd quarter worth about $32,000. Finally, GHP Investment Advisors Inc. grew its position in NiSource by 116.7% during the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after buying an additional 525 shares during the period. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling 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 stock was sold at an average price of $43.13, for a total value 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. This trade represents a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI lifted their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday. Barclays set a $45.00 target price on NiSource in a research report on Monday, December 8th. Finally, Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.67.

NiSource Stock Performance

NiSource stock opened at $41.60 on Wednesday. NiSource, Inc has a 1-year low of $35.51 and a 1-year high of $44.88. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $19.85 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.78 and a beta of 0.63. The firm’s 50 day simple moving average is $42.71 and its 200 day simple moving average is $41.80.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter last 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 expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Company 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.