11,532 Shares in NiSource, Inc $NI Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors bought a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,532 shares of the utilities provider’s stock, valued at approximately $465,000.

Other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. purchased a new position in shares of NiSource during the 2nd quarter worth $245,000. Allworth Financial LP grew its position in shares of NiSource by 17.7% in the second quarter. Allworth Financial LP now owns 3,681 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 554 shares during the period. ProShare Advisors LLC increased its stake in NiSource by 14.4% in the second quarter. ProShare Advisors LLC now owns 120,536 shares of the utilities provider’s stock valued at $4,862,000 after purchasing an additional 15,174 shares during the last quarter. Profund Advisors LLC lifted its position in NiSource by 27.9% during the second quarter. Profund Advisors LLC now owns 23,665 shares of the utilities provider’s stock worth $955,000 after buying an additional 5,156 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in NiSource by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 915,818 shares of the utilities provider’s stock worth $36,944,000 after buying an additional 84,060 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Up 0.4%

Shares of NYSE:NI opened at $43.73 on Tuesday. The stock has a 50-day simple moving average of $42.37 and a 200-day simple moving average of $41.09. The stock has a market capitalization of $20.87 billion, a P/E ratio of 23.14, 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 debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share 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 analyst estimates of $983.25 million. During the same period last year, the firm 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. Equities analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

NI has been the subject of several recent analyst reports. Barclays lifted their price target on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. BMO Capital Markets raised their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a report on Friday, October 31st. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NiSource currently has an average 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.