Lee Johnson Capital Management LLC Takes Position in NiSource, Inc $NI

by · The Cerbat Gem

Lee Johnson Capital Management LLC acquired a new position in shares of NiSource, Inc (NYSE:NI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,462 shares of the utilities provider’s stock, valued at approximately $2,185,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crewe Advisors LLC increased its holdings in shares of NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after buying an additional 304 shares during the last quarter. Hantz Financial Services Inc. raised its position 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 purchasing an additional 667 shares in the last quarter. Country Trust Bank bought a new position in shares of NiSource during the 2nd quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new stake in NiSource in the second quarter worth approximately $32,000. Finally, Traub Capital Management LLC bought a new position in NiSource during the second quarter valued at approximately $39,000. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Performance

Shares of NI stock opened at $42.05 on Wednesday. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52. NiSource, Inc has a one year low of $35.51 and a one year high of $44.88. The company’s 50-day moving average is $42.55 and its 200 day moving average is $41.88.

NiSource (NYSE:NI – Get Free Report) last issued its 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). 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 company posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Sell-side analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $50.00 in a report on Friday, October 31st. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a research note on Sunday, December 14th. Mizuho increased their price objective on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group raised their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

Read Our Latest Stock Report on NiSource

Insider Buying and Selling

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the sale, the executive vice president directly owned 41,247 shares in the company, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

NiSource Company Profile

(Free Report)

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.

Featured Articles

Want to see what other hedge funds are holding NI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NiSource, Inc (NYSE:NI – Free Report).