VeraBank N.A. Invests $813,000 in NiSource, Inc $NI

VeraBank N.A. acquired a new stake in shares of NiSource, Inc (NYSE:NI) in the second quarter, Holdings Channel reports. The fund acquired 20,157 shares of the utilities provider’s stock, valued at approximately $813,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in shares of NiSource by 21.9% during the first quarter. Envestnet Asset Management Inc. now owns 647,519 shares of the utilities provider’s stock valued at $25,959,000 after purchasing an additional 116,213 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in NiSource during the first quarter valued at about $208,000. Xponance Inc. grew its holdings in NiSource by 3.6% during the first quarter. Xponance Inc. now owns 66,207 shares of the utilities provider’s stock worth $2,654,000 after acquiring an additional 2,316 shares during the period. Ballentine Partners LLC raised its position in NiSource by 4.0% in the first quarter. Ballentine Partners LLC now owns 8,790 shares of the utilities provider’s stock worth $352,000 after acquiring an additional 342 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in NiSource by 3.6% in the 1st quarter. Arizona State Retirement System now owns 134,985 shares of the utilities provider’s stock valued at $5,412,000 after acquiring an additional 4,715 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NI. 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 report on Thursday, October 30th. Barclays upped their price target on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. BMO Capital Markets lifted their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Trading Up 0.4%

Shares of NYSE NI opened at $43.73 on Tuesday. 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 one year low of $35.36 and a one year high of $44.88. The business has a 50-day moving average price of $42.37 and a two-hundred day moving average price of $41.09. The firm has a market capitalization of $20.87 billion, a PE ratio of 23.14, a PEG ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.14 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 quarter last 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. As a group, analysts predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

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.