Maryland State Retirement & Pension System Has $19.89 Million Stock Holdings in NiSource, Inc $NI

Maryland State Retirement & Pension System lifted its holdings in NiSource, Inc (NYSE:NI) by 2.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,338 shares of the utilities provider’s stock after buying an additional 12,279 shares during the quarter. Maryland State Retirement & Pension System’s holdings in NiSource were worth $19,889,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of NiSource by 1.0% during the second quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock worth $2,477,766,000 after purchasing an additional 578,061 shares in the last quarter. 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 purchasing an additional 965,718 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares in the last quarter. Geode Capital Management LLC boosted its position in NiSource by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock valued at $491,850,000 after buying an additional 124,868 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of NiSource by 1.4% in the 2nd quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock valued at $473,381,000 after buying an additional 156,958 shares during the period. 91.64% of the stock is owned by institutional investors.

NiSource Stock Up 0.9%

NI stock opened at $43.93 on Friday. The business has a 50-day moving average of $42.35 and a 200-day moving average of $42.09. NiSource, Inc has a fifty-two week low of $35.64 and a fifty-two week high of $44.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39. The stock has a market capitalization of $20.96 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.72 and a beta of 0.65.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 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 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 quarter in the prior year, the business 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, sell-side analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NI shares. Evercore ISI raised their price target on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. UBS Group raised their target price on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $50.00 in a research note on Friday, October 31st. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

Insider Activity at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s 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 transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.