NiSource, Inc $NI Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lowered its holdings in shares of NiSource, Inc (NYSE:NI) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,553 shares of the utilities provider’s stock after selling 12,267 shares during the period. Miller Howard Investments Inc. NY owned about 0.05% of NiSource worth $10,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its position in NiSource by 181.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $59,000 after buying an additional 941 shares in the last quarter. Magnetar Financial LLC increased its position in NiSource by 195.5% during the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock worth $7,380,000 after purchasing an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management raised its stake in NiSource by 10.6% in the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock valued at $13,737,000 after purchasing an additional 32,595 shares during the last quarter. Williamson Legacy Group LLC raised its stake in NiSource by 138.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock valued at $1,199,000 after purchasing an additional 17,271 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NiSource by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock valued at $170,070,000 after purchasing an additional 55,515 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, the executive vice president owned 41,247 shares in the company, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

NiSource Stock Performance

Shares of NYSE:NI opened at $42.06 on Friday. The business has a 50-day moving average of $42.32 and a two-hundred day moving average of $41.98. The firm has a market capitalization of $20.07 billion, a PE ratio of 22.25, a P/E/G ratio of 2.60 and a beta of 0.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39. NiSource, Inc has a 12 month low of $35.64 and a 12 month high of $44.88.

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). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same quarter in the previous year, the firm 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. As a group, research analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

NI has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Evercore ISI boosted their price target on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $50.00 in a report on Friday, October 31st. Barclays set a $45.00 target price on NiSource in a research note on Monday, December 8th. Finally, Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.67.

About NiSource

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.