Guggenheim Capital LLC Has $16.95 Million Stock Holdings in NiSource, Inc $NI

Guggenheim Capital LLC cut its stake in NiSource, Inc (NYSE:NI) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 420,232 shares of the utilities provider’s stock after selling 22,434 shares during the quarter. Guggenheim Capital LLC’s holdings in NiSource were worth $16,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of NiSource by 29.9% during the 1st quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock valued at $9,390,000 after buying an additional 53,972 shares during the last quarter. Arkadios Wealth Advisors bought a new position in NiSource during the first quarter valued at approximately $251,000. US Bancorp DE lifted its stake in NiSource by 1.5% in the first quarter. US Bancorp DE now owns 41,173 shares of the utilities provider’s stock valued at $1,651,000 after acquiring an additional 600 shares during the last quarter. Commerce Bank grew its position in NiSource by 29.8% in the first quarter. Commerce Bank now owns 14,294 shares of the utilities provider’s stock worth $573,000 after acquiring an additional 3,279 shares in the last quarter. Finally, Blair William & Co. IL grew its position in NiSource by 2.7% in the first quarter. Blair William & Co. IL now owns 21,645 shares of the utilities provider’s stock worth $868,000 after acquiring an additional 575 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Up 0.0%

NI stock opened at $41.89 on Friday. The stock has a market capitalization of $19.99 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63. The company has a 50-day moving average of $43.17 and a two-hundred day moving average of $41.55. NiSource, Inc has a 52-week low of $35.36 and a 52-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.

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 the consensus estimate of $0.20 by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period in the prior year, the firm posted $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. As a group, equities research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

Insider Activity

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the sale, the executive vice president owned 41,247 shares in the company, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the topic of a number of recent research reports. Barclays raised their price target on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Evercore ISI upped their price target on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Mizuho boosted their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.44.

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.