Police & Firemen s Retirement System of New Jersey Has $7.23 Million Position in NiSource, Inc $NI

Police & Firemen s Retirement System of New Jersey raised its stake in NiSource, Inc (NYSE:NI) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,095 shares of the utilities provider’s stock after buying an additional 9,339 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in NiSource were worth $7,225,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NI. Crewe Advisors LLC boosted its holdings 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 acquiring an additional 304 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of NiSource in the 2nd quarter valued at $32,000. Larson Financial Group LLC boosted its stake 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 purchasing an additional 266 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of NiSource by 116.7% during the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after buying an additional 525 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NiSource Trading Down 0.2%

Shares of NiSource stock opened at $42.89 on Friday. The stock has a market capitalization of $20.47 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. NiSource, Inc has a 52 week low of $35.36 and a 52 week high of $44.88. The stock has a 50 day moving average price of $42.55 and a two-hundred day moving average price of $41.17. 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 issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (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 the consensus estimate of $983.25 million. During the same quarter 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. FY 2025 guidance at 1.870-1.89 EPS. As a group, equities analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

NI has been the topic of a number of research analyst reports. Barclays upped their price target on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $50.00 in a report on Friday, October 31st. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of NiSource in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and an average price target of $45.78.

NiSource 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.