Magnetar Financial LLC Raises Stake in NiSource, Inc $NI

Magnetar Financial LLC lifted its stake in NiSource, Inc (NYSE:NI) by 195.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,949 shares of the utilities provider’s stock after purchasing an additional 121,043 shares during the period. Magnetar Financial LLC’s holdings in NiSource were worth $7,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NI. Vanguard Group Inc. grew its stake in NiSource by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock worth $2,477,766,000 after acquiring an additional 578,061 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings 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. Geode Capital Management LLC grew its stake in NiSource by 1.0% in the second quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock worth $491,850,000 after purchasing an additional 124,868 shares in the last quarter. Jennison Associates LLC increased its holdings in NiSource by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock worth $473,381,000 after purchasing an additional 156,958 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in NiSource by 88.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock worth $221,935,000 after purchasing an additional 2,605,923 shares during the period. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NYSE NI opened at $42.79 on Friday. The firm’s fifty day simple moving average is $42.76 and its two-hundred day simple moving average is $41.30. The firm has a market capitalization of $20.42 billion, a P/E ratio of 22.64, a P/E/G ratio of 3.13 and a beta of 0.62. 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.

NiSource (NYSE:NI) last posted 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 period in the previous year, the business 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. Analysts forecast that NiSource, Inc will post 1.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NI. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded shares of NiSource to a “hold” rating in a report on Monday, August 11th. Weiss Ratings restated a “buy (b+)” rating on shares of NiSource in a report on Wednesday. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and upped their price target for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Finally, Barclays lifted their price objective on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource 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.