Tema Etfs LLC Boosts Stock Holdings in NiSource, Inc $NI

Tema Etfs LLC lifted its position in shares of NiSource, Inc (NYSE:NI) by 75.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 136,620 shares of the utilities provider’s stock after buying an additional 58,803 shares during the quarter. Tema Etfs LLC’s holdings in NiSource were worth $5,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its holdings in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Norges Bank purchased a new stake in shares of NiSource during the second quarter valued at $296,543,000. Soroban Capital Partners LP increased its holdings in NiSource by 52.0% in the 2nd quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after buying an additional 1,516,296 shares in the last quarter. Merewether Investment Management LP raised its position in NiSource by 55.2% in the 2nd quarter. Merewether Investment Management LP now owns 3,006,194 shares of the utilities provider’s stock worth $121,270,000 after buying an additional 1,069,363 shares during the last quarter. Finally, State Street Corp raised its position in NiSource by 4.1% in the 2nd quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock worth $997,447,000 after buying an additional 965,718 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. BMO Capital Markets raised their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. UBS Group lifted their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

NiSource Stock Up 1.2%

Shares of NI stock opened at $42.06 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. NiSource, Inc has a 12 month low of $35.64 and a 12 month high of $44.88. The stock has a market cap of $20.07 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.60 and a beta of 0.65. The company has a 50 day simple moving average of $42.32 and a two-hundred day simple moving average of $42.00.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same period in the previous 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. On average, research analysts expect that NiSource, Inc will post 1.91 earnings per share for the current year.

Insider Transactions at NiSource

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was 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 in the company, valued at $1,778,983.11. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

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.