NiSource, Inc $NI Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its holdings in shares of NiSource, Inc (NYSE:NI) by 18.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 697,813 shares of the utilities provider’s stock after selling 162,429 shares during the period. Exchange Traded Concepts LLC owned approximately 0.15% of NiSource worth $30,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NI. Orion Porfolio Solutions LLC grew its holdings in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. Norges Bank purchased a new position in shares of NiSource during the 2nd quarter valued at approximately $296,543,000. Goldman Sachs Group Inc. grew its stake in NiSource by 88.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock valued at $221,935,000 after acquiring an additional 2,605,923 shares during the period. Alkeon Capital Management LLC purchased a new stake in NiSource in the 1st quarter worth $98,682,000. Finally, Soroban Capital Partners LP raised its position in NiSource by 52.0% during the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after acquiring an additional 1,516,296 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity

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

NiSource Price Performance

NYSE:NI opened at $40.99 on Monday. NiSource, Inc has a one year low of $35.51 and a one year high of $44.88. The stock has a market cap of $19.56 billion, a PE ratio of 21.69, a P/E/G ratio of 2.74 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. The stock has a 50 day moving average price of $42.76 and a 200 day moving average price of $41.76.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $983.25 million. During the same period last 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. Equities research analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on NI. UBS Group lifted their target price on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Sunday, December 14th. Evercore ISI boosted their price objective on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Mizuho raised their target price on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. One 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.67.

NiSource Company Profile

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.