Beck Bode LLC Boosts Stake in NiSource, Inc $NI

Beck Bode LLC increased its holdings in NiSource, Inc (NYSE:NI) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 478,337 shares of the utilities provider’s stock after purchasing an additional 38,848 shares during the period. NiSource makes up 3.3% of Beck Bode LLC’s portfolio, making the stock its 8th biggest position. Beck Bode LLC owned about 0.10% of NiSource worth $19,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC grew its stake in shares of NiSource by 4.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 250 shares during the period. Crumly & Associates Inc. boosted its stake in NiSource by 1.5% in the 2nd quarter. Crumly & Associates Inc. now owns 18,274 shares of the utilities provider’s stock valued at $737,000 after buying an additional 265 shares in the last quarter. Larson Financial Group LLC grew its position in NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Signaturefd LLC raised its stake in NiSource by 3.9% during the second quarter. Signaturefd LLC now owns 7,167 shares of the utilities provider’s stock worth $289,000 after acquiring an additional 272 shares in the last quarter. Finally, Capital Analysts LLC lifted its holdings in shares of NiSource by 0.6% during the first quarter. Capital Analysts LLC now owns 50,416 shares of the utilities provider’s stock valued at $2,021,000 after acquiring an additional 283 shares during the period. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NI. Barclays upped their target price on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. BMO Capital Markets lifted their target price on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource Price Performance

Shares of NI stock opened at $43.96 on Wednesday. NiSource, Inc has a 1 year low of $35.36 and a 1 year high of $44.88. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $42.40 and its 200-day moving average is $41.12. The firm has a market capitalization of $20.98 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last posted 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 return on equity of 8.09% and a net margin of 14.15%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $983.25 million. During the same quarter last year, the firm 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. Sell-side analysts forecast that NiSource, Inc will post 1.91 EPS for the current fiscal year.

About NiSource

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.