Forsta AP Fonden Sells 2,100 Shares of NiSource, Inc $NI

Forsta AP Fonden cut its stake in NiSource, Inc (NYSE:NI) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,500 shares of the utilities provider’s stock after selling 2,100 shares during the quarter. Forsta AP Fonden’s holdings in NiSource were worth $5,184,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Crewe Advisors LLC increased its holdings in NiSource by 90.7% during the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 304 shares during the period. Hantz Financial Services Inc. boosted its stake in NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after buying an additional 667 shares during the period. Ameritas Advisory Services LLC purchased a new position in NiSource during the second quarter worth about $32,000. Larson Financial Group LLC raised its holdings in shares of NiSource by 48.8% in the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 266 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 525 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

NiSource stock opened at $42.89 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. The firm has a market cap of $20.47 billion, a P/E ratio of 22.69, a P/E/G 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 firm has a 50-day moving average of $42.55 and a 200-day moving average of $41.17.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same quarter 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. Sell-side analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Barclays lifted their price target on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Zacks Research raised shares of NiSource to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of NiSource in a research note on Thursday. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.