NiSource, Inc $NI Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in NiSource, Inc (NYSE:NI) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,990 shares of the utilities provider’s stock after acquiring an additional 5,457 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.10% of NiSource worth $18,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in NiSource by 5.3% in the first 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. raised its stake in shares of NiSource by 12.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock worth $962,997,000 after buying an additional 2,650,827 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of NiSource by 88.9% in 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 period. Alkeon Capital Management LLC bought a new position in NiSource during the first quarter valued at about $98,682,000. Finally, Nuveen LLC bought a new position in NiSource during the first quarter valued at about $71,839,000. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

NiSource stock opened at $43.07 on Wednesday. NiSource, Inc has a fifty-two week low of $35.36 and a fifty-two week high of $44.88. The firm’s 50 day simple moving average is $42.66 and its 200-day simple moving average is $41.26. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48. The company has a market cap of $20.55 billion, a P/E ratio of 22.79, a price-to-earnings-growth 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 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 analyst estimates of $983.25 million. During the same period in the prior 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, equities research analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of NiSource in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Zacks Research raised NiSource to a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus 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.