Inspire Investing LLC Acquires New Shares in NiSource, Inc $NI

Inspire Investing LLC bought a new position in NiSource, Inc (NYSE:NI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,642 shares of the utilities provider’s stock, valued at approximately $850,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. boosted its stake in shares of NiSource by 27.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 10,969 shares of the utilities provider’s stock worth $475,000 after acquiring an additional 2,355 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of NiSource by 7.8% in the third quarter. IFM Investors Pty Ltd now owns 181,120 shares of the utilities provider’s stock worth $7,710,000 after acquiring an additional 13,060 shares during the period. Farther Finance Advisors LLC raised its stake in NiSource by 25.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 17,775 shares of the utilities provider’s stock valued at $770,000 after purchasing an additional 3,627 shares during the period. HBK Sorce Advisory LLC lifted its holdings in NiSource by 63.6% in the 3rd quarter. HBK Sorce Advisory LLC now owns 15,728 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 6,115 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of NiSource by 37.2% in the third quarter. Brighton Jones LLC now owns 7,980 shares of the utilities provider’s stock worth $346,000 after buying an additional 2,164 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

NI has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Monday. UBS Group upped their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Mizuho upped their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. One investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.67.

NiSource Trading Down 0.3%

Shares of NYSE NI opened at $41.74 on Friday. NiSource, Inc has a 1-year low of $35.51 and a 1-year high of $44.88. The business has a fifty day moving average price of $42.62 and a 200 day moving average price of $41.82. The stock has a market capitalization of $19.92 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39.

NiSource (NYSE:NI) last announced its 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 return on equity of 8.09% and a net margin of 14.15%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. During the same quarter in the prior year, the firm 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. Equities research analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

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.