Advisors Asset Management Inc. Purchases 5,521 Shares of NiSource, Inc $NI

Advisors Asset Management Inc. raised its position in shares of NiSource, Inc (NYSE:NI) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,183 shares of the utilities provider’s stock after acquiring an additional 5,521 shares during the quarter. Advisors Asset Management Inc.’s holdings in NiSource were worth $2,831,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NI. Crewe Advisors LLC lifted its stake in shares of NiSource by 90.7% in the 2nd 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 period. Hantz Financial Services Inc. grew its stake 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 period. Ameritas Advisory Services LLC bought a new stake in NiSource in the second quarter worth approximately $32,000. Traub Capital Management LLC acquired a new position in NiSource in the second quarter valued at approximately $39,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after buying an additional 525 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Performance

Shares of NI stock opened at $44.13 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a 50-day moving average of $43.13 and a 200-day moving average of $41.44. NiSource, Inc has a one year low of $35.36 and a one year high of $44.88. The company has a market cap of $21.06 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.13 and a beta of 0.62.

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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period in the previous year, the company 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. Equities research analysts forecast that NiSource, Inc will post 1.91 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the sale, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NI shares. BMO Capital Markets lifted their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of NiSource in a research note on Wednesday, November 19th. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research raised NiSource to a “hold” rating in a research note on Monday, August 11th. One equities research 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 stock. According to MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

About NiSource

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.