Alkeon Capital Management LLC Has $103.33 Million Stock Position in NiSource, Inc $NI

Alkeon Capital Management LLC lifted its stake in NiSource, Inc (NYSE:NI) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,561,500 shares of the utilities provider’s stock after buying an additional 100,000 shares during the period. Alkeon Capital Management LLC owned about 0.54% of NiSource worth $103,331,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC boosted its stake 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 valued at $232,000 after purchasing an additional 250 shares in the last quarter. Crumly & Associates Inc. lifted its holdings in NiSource by 1.5% during the 2nd quarter. Crumly & Associates Inc. now owns 18,274 shares of the utilities provider’s stock valued at $737,000 after purchasing an additional 265 shares during the last quarter. Bank of Nova Scotia boosted its position in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after buying an additional 266 shares in the last quarter. Signaturefd LLC grew its stake in NiSource by 3.9% during 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. Finally, Capital Analysts LLC increased its holdings in shares of NiSource by 0.6% during the first quarter. Capital Analysts LLC now owns 50,416 shares of the utilities provider’s stock worth $2,021,000 after buying an additional 283 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NI has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Evercore ISI raised their target price on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Mizuho increased their price objective on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. One research 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. Based on data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus target price of $46.33.

NiSource Price Performance

Shares of NI stock opened at $41.39 on Friday. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.79 and a beta of 0.63. NiSource, Inc has a 12 month low of $35.36 and a 12 month high of $44.88. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $42.97 and a 200 day moving average price of $41.65.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (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 during the quarter, compared to the consensus estimate of $983.25 million. During the same period last year, the business 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. Research analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

Insider Activity at NiSource

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