Dynamic Technology Lab Private Ltd Cuts Holdings in NiSource, Inc $NI

Dynamic Technology Lab Private Ltd lowered its position in NiSource, Inc (NYSE:NI) by 85.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,888 shares of the utilities provider’s stock after selling 44,864 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in NiSource were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NI. Traub Capital Management LLC purchased a new position in shares of NiSource in the 2nd quarter worth about $39,000. Vanguard Group Inc. increased its position in NiSource by 1.0% during the 2nd 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. Nomura Asset Management Co. Ltd. raised its holdings in NiSource by 1.1% in the second quarter. Nomura Asset Management Co. Ltd. now owns 152,665 shares of the utilities provider’s stock valued at $6,159,000 after buying an additional 1,653 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in NiSource by 0.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 198,641 shares of the utilities provider’s stock valued at $8,013,000 after buying an additional 1,806 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in NiSource by 1.2% during the second quarter. Rockefeller Capital Management L.P. now owns 465,990 shares of the utilities provider’s stock valued at $18,798,000 after buying an additional 5,457 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NI. Barclays increased their price objective on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Evercore ISI raised their price objective on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. BMO Capital Markets upped their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of NiSource in a report on Wednesday, November 19th. 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 stock. According to MarketBeat, NiSource has an average rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Trading Down 0.7%

Shares of NI opened at $43.13 on Wednesday. NiSource, Inc has a one year low of $35.36 and a one year high of $44.88. The stock has a 50-day moving average price of $42.90 and a 200 day moving average price of $41.37. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52. The company has a market capitalization of $20.58 billion, a P/E ratio of 22.82, a P/E/G ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last announced its earnings results 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 business 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 period in the previous year, the company earned $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. Sell-side analysts forecast that NiSource, Inc will post 1.91 EPS for the current fiscal year.

About NiSource

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.