Geode Capital Management LLC Purchases 124,868 Shares of NiSource, Inc $NI

Geode Capital Management LLC grew its holdings in shares of NiSource, Inc (NYSE:NI) by 1.0% in the second quarter, Holdings Channel.com reports. The firm owned 12,243,523 shares of the utilities provider’s stock after buying an additional 124,868 shares during the period. Geode Capital Management LLC’s holdings in NiSource were worth $491,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC boosted its holdings in NiSource by 4.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock worth $232,000 after buying an additional 250 shares during the period. Crumly & Associates Inc. lifted its position in shares of NiSource by 1.5% during the second quarter. Crumly & Associates Inc. now owns 18,274 shares of the utilities provider’s stock worth $737,000 after acquiring an additional 265 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 266 shares during the period. Signaturefd LLC grew its position in shares of NiSource by 3.9% in the second quarter. Signaturefd LLC now owns 7,167 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 272 shares in the last quarter. Finally, Capital Analysts LLC raised its stake in shares of NiSource by 0.6% during the 1st quarter. Capital Analysts LLC now owns 50,416 shares of the utilities provider’s stock valued at $2,021,000 after purchasing an additional 283 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “buy (b+)” rating on shares of NiSource in a research note on Thursday. Finally, BMO Capital Markets lifted their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Stock Down 0.2%

NI opened at $42.89 on Friday. The stock has a market cap of $20.47 billion, a PE ratio of 22.69, a P/E/G ratio of 3.13 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. NiSource, Inc has a 52 week low of $35.36 and a 52 week high of $44.88. The business’s fifty day simple moving average is $42.55 and its 200 day simple moving average is $41.17.

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

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.