Sequoia Financial Advisors LLC Boosts Stake in NiSource, Inc $NI

Sequoia Financial Advisors LLC lifted its position in NiSource, Inc (NYSE:NI) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,034 shares of the utilities provider’s stock after purchasing an additional 11,635 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in NiSource were worth $2,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NI. Crewe Advisors LLC lifted its stake in NiSource by 90.7% in the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 667 shares during the last quarter. Country Trust Bank purchased a new position in shares of NiSource during the second quarter worth approximately $28,000. Ameritas Advisory Services LLC acquired a new position in shares of NiSource in the 2nd quarter valued at $32,000. Finally, Quent Capital LLC purchased a new stake in NiSource in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NI. UBS Group raised their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. BMO Capital Markets increased their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Jefferies Financial Group raised 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 report on Friday, October 31st. Evercore ISI upped their price objective on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company increased their price objective on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.89.

Insider Buying and Selling

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

NiSource Price Performance

Shares of NI opened at $43.40 on Wednesday. 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 stock’s 50 day moving average is $42.34 and its two-hundred day moving average is $42.17. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $44.88. The firm has a market capitalization of $20.71 billion, a PE ratio of 22.96, a P/E/G ratio of 2.72 and a beta of 0.65.

NiSource (NYSE:NI) last posted its quarterly earnings results 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 net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $983.25 million. During the same period in the prior year, the business 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. Research analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current year.

About NiSource

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.