Franklin Resources Inc. Sells 91,622 Shares of NiSource, Inc $NI

Franklin Resources Inc. decreased its position in shares of NiSource, Inc (NYSE:NI) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,541,353 shares of the utilities provider’s stock after selling 91,622 shares during the period. Franklin Resources Inc. owned 1.39% of NiSource worth $263,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC increased its position in shares of NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 304 shares in the last quarter. Hantz Financial Services Inc. grew its stake in NiSource by 2,668.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after buying an additional 667 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in NiSource during the 2nd quarter valued at about $32,000. GHP Investment Advisors Inc. increased its position in NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after buying an additional 525 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new stake in NiSource in the second quarter valued at about $39,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NI. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. Evercore ISI boosted their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of NiSource in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.78.

NiSource Stock Performance

NI opened at $42.79 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. NiSource, Inc has a 12-month low of $35.36 and a 12-month high of $44.88. The firm has a 50 day moving average of $42.76 and a two-hundred day moving average of $41.31. The firm has a market capitalization of $20.42 billion, a PE ratio of 22.64, a P/E/G ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last released its quarterly earnings data 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). NiSource had a return on equity of 8.09% and a net margin of 14.15%.The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $983.25 million. During the same quarter in the previous year, the company earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. On average, analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

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.