Nippon Life Global Investors Americas Inc. Acquires Shares of 13,760 NiSource, Inc $NI

Nippon Life Global Investors Americas Inc. bought a new position in NiSource, Inc (NYSE:NI) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 13,760 shares of the utilities provider’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC raised its position in shares of NiSource by 4.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 250 shares during the last quarter. Bank of Nova Scotia increased its stake in NiSource by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares in the last quarter. Signaturefd LLC raised its holdings in NiSource by 3.9% in the second quarter. Signaturefd LLC now owns 7,167 shares of the utilities provider’s stock worth $289,000 after buying an additional 272 shares during the last quarter. Shepherd Financial Partners LLC lifted its stake in shares of NiSource by 3.9% in the second quarter. Shepherd Financial Partners LLC now owns 7,656 shares of the utilities provider’s stock worth $309,000 after buying an additional 285 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NI shares. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $50.00 in a report on Friday, October 31st. Evercore ISI upped their price target on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Barclays set a $45.00 price objective on NiSource in a research report on Monday, December 8th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

NiSource Trading Up 0.9%

Shares of NYSE:NI opened at $43.93 on Friday. The stock’s 50-day simple moving average is $42.35 and its two-hundred day simple moving average is $42.09. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.72 and a beta of 0.65. NiSource, Inc has a 52-week low of $35.64 and a 52-week high of $44.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52.

NiSource (NYSE:NI) last released 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). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same period in the previous year, the company earned $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. Analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

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.