NiSource, Inc $NI Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its holdings in NiSource, Inc (NYSE:NI) by 78.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,529 shares of the utilities provider’s stock after selling 104,585 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NiSource were worth $1,151,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NI. Crewe Advisors LLC lifted 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 period. Hantz Financial Services Inc. lifted its stake in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 667 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of NiSource during the 2nd quarter valued at approximately $32,000. Larson Financial Group LLC boosted its position in NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of NiSource by 116.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the topic of several research reports. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $50.00 in a research report on Friday, October 31st. BMO Capital Markets increased their target price on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reissued a “buy (b+)” rating on shares of NiSource in a research report on Thursday. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Evercore ISI increased their price objective on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.78.

NiSource Stock Up 0.7%

Shares of NYSE:NI opened at $43.19 on Tuesday. The stock’s 50-day moving average price is $42.61 and its two-hundred day moving average price is $41.23. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. NiSource, Inc has a 12-month low of $35.36 and a 12-month high of $44.88. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 22.85, a PEG 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 net margin of 14.15% and a return on equity of 8.09%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. During the same period in the prior year, the company 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. On average, research analysts forecast that NiSource, Inc will post 1.91 EPS for the current 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.