Long Run Wealth Advisors LLC Boosts Holdings in NiSource, Inc $NI

Long Run Wealth Advisors LLC grew its holdings in shares of NiSource, Inc (NYSE:NI) by 27.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,396 shares of the utilities provider’s stock after acquiring an additional 1,361 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in NiSource were worth $258,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC raised its stake 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 acquiring an additional 304 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 667 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of NiSource during the second quarter worth approximately $32,000. Larson Financial Group LLC raised its stake in shares of NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in shares of NiSource by 116.7% during the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 525 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NI has been the topic of several research reports. BMO Capital Markets lifted their price target 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. Evercore ISI lifted their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Zacks Research raised shares of NiSource to a “hold” rating in a research note on Monday, August 11th. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Barclays lifted their target price on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource Price Performance

Shares of NiSource stock opened at $42.87 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is $42.30 and its two-hundred day simple moving average is $40.99. The company has a market cap of $20.46 billion, a P/E ratio of 22.68, a PEG ratio of 3.13 and a beta of 0.62. NiSource, Inc has a 12-month low of $34.82 and a 12-month high of $44.88.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same period in the previous year, the firm posted $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio is currently 59.26%.

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.