Osaic Holdings Inc. Has $6.06 Million Position in NiSource, Inc $NI

Osaic Holdings Inc. raised its stake in shares of NiSource, Inc (NYSE:NI) by 171.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,771 shares of the utilities provider’s stock after purchasing an additional 95,233 shares during the quarter. Osaic Holdings Inc.’s holdings in NiSource were worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its position in NiSource by 2.4% in the first quarter. American Century Companies Inc. now owns 202,163 shares of the utilities provider’s stock valued at $8,105,000 after acquiring an additional 4,832 shares during the period. Raymond James Financial Inc. boosted its stake in shares of NiSource by 6.8% in the 1st quarter. Raymond James Financial Inc. now owns 451,112 shares of the utilities provider’s stock valued at $18,085,000 after purchasing an additional 28,851 shares in the last quarter. Summit Financial LLC grew its holdings in shares of NiSource by 9.9% in the 1st quarter. Summit Financial LLC now owns 6,728 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 607 shares during the last quarter. CW Advisors LLC grew its holdings in shares of NiSource by 5.1% in the 1st quarter. CW Advisors LLC now owns 30,331 shares of the utilities provider’s stock worth $1,216,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Compound Planning Inc. increased its position in shares of NiSource by 72.8% during the 1st quarter. Compound Planning Inc. now owns 10,938 shares of the utilities provider’s stock worth $438,000 after purchasing an additional 4,609 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Up 1.2%

Shares of NI opened at $41.46 on Tuesday. The business’s fifty day moving average price is $42.74 and its two-hundred day moving average price is $41.78. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.74 and a beta of 0.63. NiSource, Inc has a 52 week low of $35.51 and a 52 week high of $44.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52.

NiSource (NYSE:NI) last issued 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). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same period last year, the company 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, analysts predict that NiSource, Inc will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 15th. Barclays set a $45.00 price target on NiSource in a research report on Monday, December 8th. BMO Capital Markets raised their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Evercore ISI increased their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company raised NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.67.

Insider Transactions at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the transaction, the executive vice president 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

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.