Cetera Investment Advisers Has $3.90 Million Position in NiSource, Inc $NI

Cetera Investment Advisers raised its holdings in NiSource, Inc (NYSE:NI) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,774 shares of the utilities provider’s stock after acquiring an additional 2,361 shares during the quarter. Cetera Investment Advisers’ holdings in NiSource were worth $3,904,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of NiSource by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after purchasing an additional 3,050,420 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in NiSource by 12.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock worth $962,997,000 after purchasing an additional 2,650,827 shares in the last quarter. Goldman Sachs Group Inc. increased its position in NiSource by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock worth $221,935,000 after buying an additional 2,605,923 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in NiSource during the first quarter worth $98,682,000. Finally, Nuveen LLC bought a new position in NiSource during the first quarter valued at about $71,839,000. 91.64% of the stock is owned by institutional investors.

NiSource Stock Down 0.7%

Shares of NI stock opened at $43.13 on Wednesday. NiSource, Inc has a 12 month low of $35.36 and a 12 month high of $44.88. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The firm has a market cap 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. The stock has a 50 day moving average of $42.90 and a 200-day moving average of $41.37.

NiSource (NYSE:NI) last announced its quarterly earnings data 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $983.25 million. During the same quarter in the previous year, the business posted $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, equities analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NI shares. Barclays upped their price target on NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets increased their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Weiss Ratings restated a “buy (b+)” rating on shares of NiSource in a research note on Wednesday, November 19th. Finally, Evercore ISI upped their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. One investment 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’s stock. Based on data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and an average price target 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.