American Century Companies Inc. Trims Stake in NiSource, Inc $NI

American Century Companies Inc. lessened its holdings in NiSource, Inc (NYSE:NI) by 35.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,363 shares of the utilities provider’s stock after selling 71,800 shares during the period. American Century Companies Inc.’s holdings in NiSource were worth $5,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NI. Crewe Advisors LLC raised its holdings in NiSource by 90.7% in the 2nd 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 period. Hantz Financial Services Inc. increased its position in shares of NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 667 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of NiSource in the 2nd quarter valued at approximately $32,000. Traub Capital Management LLC acquired a new position in shares of NiSource in the 2nd quarter worth approximately $39,000. Finally, GHP Investment Advisors Inc. boosted its position in shares of NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 525 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NI has been the topic of a number of research analyst reports. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and boosted their price objective for the company from $46.00 to $50.00 in a report on Friday, October 31st. Evercore ISI increased their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Barclays lifted their target price on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. One 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 stock. According to data from MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and an average target price of $46.44.

NiSource Price Performance

NI stock opened at $42.01 on Monday. The business’s 50-day moving average is $43.16 and its two-hundred day moving average is $41.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39. The firm has a market capitalization of $20.05 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.81 and a beta of 0.63. NiSource, Inc has a 1 year low of $35.36 and a 1 year 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 firm had revenue of $1.27 billion for 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 quarter in the previous year, the company posted $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. Analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Insider Activity at NiSource

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 directly owned 41,247 shares in the company, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

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.