Boston Partners Increases Holdings in NiSource, Inc $NI

Boston Partners grew its stake in NiSource, Inc (NYSE:NI) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 342,825 shares of the utilities provider’s stock after acquiring an additional 2,860 shares during the quarter. Boston Partners owned 0.07% of NiSource worth $13,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in NiSource in the 1st quarter worth about $208,000. New York State Common Retirement Fund raised its holdings in NiSource by 4.1% in the first quarter. New York State Common Retirement Fund now owns 226,384 shares of the utilities provider’s stock worth $9,076,000 after buying an additional 9,000 shares during the last quarter. Signaturefd LLC lifted its stake in shares of NiSource by 16.7% in the first quarter. Signaturefd LLC now owns 6,895 shares of the utilities provider’s stock worth $276,000 after buying an additional 986 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of NiSource by 16.0% in the first quarter. Wealthfront Advisers LLC now owns 109,129 shares of the utilities provider’s stock worth $4,375,000 after buying an additional 15,037 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock valued at $33,000 after buying an additional 266 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Down 1.8%

NI opened at $42.87 on Friday. The firm’s 50 day simple moving average is $42.50 and its two-hundred day simple moving average is $41.15. The company has a market capitalization of $20.46 billion, a PE ratio of 22.68, a PEG ratio of 3.13 and a beta of 0.62. 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.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS 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 $1.27 billion during the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter last year, the company earned $0.20 earnings per share. 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, equities analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NI shares. Barclays boosted their price objective 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 NiSource from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $50.00 in a report on Friday, October 31st. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. Finally, BMO Capital Markets upped 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. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $45.78.

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.