Geode Capital Management LLC Buys 124,868 Shares of NiSource, Inc $NI

Geode Capital Management LLC grew its stake in shares of NiSource, Inc (NYSE:NI) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,243,523 shares of the utilities provider’s stock after purchasing an additional 124,868 shares during the period. Geode Capital Management LLC owned approximately 2.60% of NiSource worth $491,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beck Bode LLC raised its stake in NiSource by 8.8% during the 2nd quarter. Beck Bode LLC now owns 478,337 shares of the utilities provider’s stock worth $19,296,000 after buying an additional 38,848 shares during the period. National Pension Service raised its position in shares of NiSource by 340.3% during the second quarter. National Pension Service now owns 7,221 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 5,581 shares during the period. VeraBank N.A. acquired a new stake in NiSource in the 2nd quarter valued at $813,000. Boston Partners increased its stake in NiSource by 0.8% during the 2nd quarter. Boston Partners now owns 342,825 shares of the utilities provider’s stock valued at $13,831,000 after purchasing an additional 2,860 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in NiSource during the second quarter worth $465,000. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Down 0.2%

Shares of NYSE:NI opened at $42.89 on Friday. 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 $20.47 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. The business has a fifty day moving average price of $42.55 and a two-hundred day moving average price of $41.17. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48.

NiSource (NYSE:NI) last issued its quarterly earnings results 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). The company had revenue of $1.27 billion during 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 period last year, the firm posted $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NI has been the subject of several recent research reports. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b+)” rating on shares of NiSource in a research note on Thursday. Finally, Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource 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.