Aviso Financial Inc. Has $1.25 Million Position in NiSource, Inc $NI

Aviso Financial Inc. lowered its stake in NiSource, Inc (NYSE:NI) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,870 shares of the utilities provider’s stock after selling 1,210 shares during the quarter. Aviso Financial Inc.’s holdings in NiSource were worth $1,245,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NI. Steward Partners Investment Advisory LLC lifted its stake in NiSource by 16.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,260 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 459 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of 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 period. Summit Global Investments raised its holdings in shares of NiSource by 405.3% in the 2nd quarter. Summit Global Investments now owns 266,698 shares of the utilities provider’s stock valued at $10,759,000 after purchasing an additional 213,917 shares during the period. Jefferies Financial Group Inc. acquired a new stake in NiSource in the 2nd quarter valued at about $1,274,000. Finally, Prudential Financial Inc. grew its holdings in NiSource by 37.0% during the second quarter. Prudential Financial Inc. now owns 1,939,637 shares of the utilities provider’s stock worth $78,245,000 after purchasing an additional 523,892 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Performance

NI opened at $43.13 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48. The business has a fifty day simple moving average of $42.90 and a 200 day simple moving average of $41.37. NiSource, Inc has a 1 year low of $35.36 and a 1 year high of $44.88. The company has a market capitalization of $20.58 billion, a PE ratio of 22.82, a price-to-earnings-growth 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 earnings per share 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 for the quarter, compared to the consensus estimate of $983.25 million. During the same quarter in the previous year, the business 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. Research analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NI. Barclays boosted their price target on NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BMO Capital Markets increased their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Evercore ISI raised 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. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of NiSource in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.78.

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.