TD Private Client Wealth LLC Sells 34,942 Shares of NiSource, Inc $NI

TD Private Client Wealth LLC lessened its position in NiSource, Inc (NYSE:NI) by 84.2% during the third quarter, Holdings Channel.com reports. The fund owned 6,539 shares of the utilities provider’s stock after selling 34,942 shares during the period. TD Private Client Wealth LLC’s holdings in NiSource were worth $283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 valued at $2,477,766,000 after acquiring an additional 578,061 shares during the last quarter. State Street Corp grew its stake in shares of NiSource by 4.1% in the second 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 increased 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 valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. Geode Capital Management LLC raised its position in NiSource by 1.0% during 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 purchasing an additional 124,868 shares during the last quarter. Finally, Jennison Associates LLC raised its position in NiSource by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock valued at $473,381,000 after purchasing an additional 156,958 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the transaction, the executive vice president owned 41,247 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

NiSource Price Performance

NI opened at $43.93 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.72 and a beta of 0.65. The stock has a fifty day simple moving average of $42.35 and a two-hundred day simple moving average of $42.09. NiSource, Inc has a 12-month low of $35.64 and a 12-month high of $44.88.

NiSource (NYSE:NI) last released its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share 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 analysts’ expectations 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 company earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Research analysts predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NI shares. Evercore ISI lifted their price objective on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Mizuho raised their price target on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Barclays set a $45.00 price target on shares of NiSource in a report on Monday, December 8th. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, BMO Capital Markets raised their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

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.