NiSource, Inc $NI Shares Acquired by Magnetar Financial LLC

by · The Cerbat Gem

Magnetar Financial LLC lifted its position in NiSource, Inc (NYSE:NI – Free Report) by 195.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 182,949 shares of the utilities provider’s stock after acquiring an additional 121,043 shares during the period. Magnetar Financial LLC’s holdings in NiSource were worth $7,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC lifted its position in NiSource by 4.5% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock worth $232,000 after acquiring an additional 250 shares during the period. Crumly & Associates Inc. raised its stake in shares of NiSource by 1.5% in the second quarter. Crumly & Associates Inc. now owns 18,274 shares of the utilities provider’s stock worth $737,000 after purchasing an additional 265 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of NiSource by 3.9% during the second quarter. Signaturefd LLC now owns 7,167 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 272 shares during the period. Capital Analysts LLC lifted its holdings in shares of NiSource by 0.6% during the first quarter. Capital Analysts LLC now owns 50,416 shares of the utilities provider’s stock worth $2,021,000 after purchasing an additional 283 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in NiSource by 3.5% in the first quarter. Chicago Partners Investment Group LLC now owns 8,902 shares of the utilities provider’s stock valued at $360,000 after buying an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Up 0.9%

Shares of NiSource stock opened at $42.79 on Friday. The firm has a 50-day simple moving average of $42.76 and a two-hundred day simple moving average of $41.30. 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, Inc has a fifty-two week low of $35.36 and a fifty-two week high of $44.88. The company has a market cap of $20.42 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI – Get Free Report) last posted its earnings results 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. During the same quarter last 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 predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Barclays boosted their target price 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. Evercore ISI upped their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of NiSource in a research note on Wednesday. Finally, Zacks Research upgraded NiSource to a “hold” rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.78.

Get Our Latest Analysis on NI

NiSource Profile

(Free Report)

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.

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