17,733 Shares in NiSource, Inc $NI Bought by Allstate Corp

Allstate Corp acquired a new stake in shares of NiSource, Inc (NYSE:NI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,733 shares of the utilities provider’s stock, valued at approximately $768,000.

A number of other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC raised its holdings in shares of NiSource by 90.7% in the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the last quarter. Country Trust Bank bought a new stake in NiSource in the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new stake in NiSource in the 2nd quarter valued at about $32,000. Finally, Quent Capital LLC purchased a new stake in NiSource in the 3rd quarter valued at about $36,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction that occurred on 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 transaction, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

NiSource Price Performance

NYSE NI opened at $43.50 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The company has a market cap of $20.76 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 3.60 and a beta of 0.65. NiSource, Inc has a 52 week low of $35.64 and a 52 week high of $44.88. The firm’s 50-day simple moving average is $42.35 and its two-hundred day simple moving average is $42.19.

NiSource (NYSE:NI) last posted its quarterly earnings results 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 net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. During the same period last year, the firm earned $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. Research analysts predict that NiSource, Inc will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NI shares. Evercore ISI boosted their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Barclays set a $45.00 price target on NiSource in a report on Monday, December 8th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. BMO Capital Markets upped their price objective on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, UBS Group lifted their target price on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.89.

NiSource 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.