Boston Partners Increases Stake in NiSource, Inc $NI

Boston Partners boosted its position in NiSource, Inc (NYSE:NI) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 342,825 shares of the utilities provider’s stock after acquiring an additional 2,860 shares during the period. Boston Partners owned 0.07% of NiSource worth $13,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NI. Cullen Frost Bankers Inc. grew its position in shares of NiSource by 181.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $59,000 after buying an additional 941 shares during the period. LPL Financial LLC lifted its stake in 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 acquiring an additional 53,972 shares during the period. Magnetar Financial LLC raised its stake in NiSource by 195.5% during the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock valued at $7,380,000 after buying an additional 121,043 shares during the last quarter. Picton Mahoney Asset Management increased its position in shares of NiSource by 10.6% during the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock valued at $13,737,000 after purchasing an additional 32,595 shares during the last quarter. Finally, Entropy Technologies LP grew its position in shares of NiSource by 264.5% during the 2nd quarter. Entropy Technologies LP now owns 56,415 shares of the utilities provider’s stock valued at $2,276,000 after acquiring an additional 40,939 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on NI shares. 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 note on Tuesday, October 21st. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of NiSource in a report on Wednesday, November 19th. Finally, Zacks Research upgraded NiSource to a “hold” rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average target price of $45.78.

Insiders Place Their Bets

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

NiSource Stock Performance

Shares of NI stock opened at $44.13 on Friday. The stock has a market cap of $21.06 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. NiSource, Inc has a 52-week low of $35.36 and a 52-week high of $44.88. The business has a 50-day simple moving average of $43.13 and a 200-day simple moving average of $41.44. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29.

NiSource (NYSE:NI) last posted its earnings results 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). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same period last year, the firm 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. On average, equities analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

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.