Fox Run Management L.L.C. Trims Stake in NiSource, Inc $NI

Fox Run Management L.L.C. lessened its position in NiSource, Inc (NYSE:NI) by 35.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,628 shares of the utilities provider’s stock after selling 5,383 shares during the quarter. Fox Run Management L.L.C.’s holdings in NiSource were worth $388,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in NiSource by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock worth $2,439,236,000 after purchasing an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of NiSource by 12.4% during the first 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 buying an additional 2,650,827 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of NiSource by 88.9% during the first 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 last quarter. Alkeon Capital Management LLC purchased a new stake in shares of NiSource in the first quarter worth approximately $98,682,000. Finally, Nuveen LLC purchased a new stake in shares of NiSource in the first quarter worth approximately $71,839,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Stock Down 0.6%

NYSE:NI opened at $43.66 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48. NiSource, Inc has a 1-year low of $35.36 and a 1-year high of $44.88. The company has a 50-day moving average of $42.44 and a 200 day moving average of $41.14. The firm has a market cap of $20.83 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last posted 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 net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same period last year, the business posted $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. As a group, research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NI shares. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Evercore ISI lifted their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. BMO Capital Markets boosted 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. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and raised their price target for the stock 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 issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.78.

NiSource Company 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.