Police & Firemen s Retirement System of New Jersey Buys 9,339 Shares of NiSource, Inc $NI

Police & Firemen s Retirement System of New Jersey lifted its position in NiSource, Inc (NYSE:NI) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,095 shares of the utilities provider’s stock after buying an additional 9,339 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in NiSource were worth $7,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of NiSource by 5.3% in 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 acquiring an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of 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 valued at $962,997,000 after purchasing an additional 2,650,827 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 bought a new position in shares of NiSource during the first quarter worth approximately $98,682,000. Finally, Nuveen LLC acquired a new stake in shares of NiSource during the first quarter worth $71,839,000. 91.64% of the stock is owned by institutional investors.

NiSource Trading Down 0.2%

NYSE NI opened at $42.89 on Friday. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. NiSource, Inc has a twelve month low of $35.36 and a twelve 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 business’s fifty day moving average is $42.55 and its 200 day moving average is $41.17.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. During the same quarter in the prior year, the business 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. As a group, sell-side analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Evercore ISI upped their price target 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. Barclays raised their target price on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. BMO Capital Markets upped their price objective on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Wall Street Zen raised 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 issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and a consensus 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.