Asset Management One Co. Ltd. Sells 28,241 Shares of NiSource, Inc $NI

Asset Management One Co. Ltd. lessened its holdings in NiSource, Inc (NYSE:NI) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 348,366 shares of the utilities provider’s stock after selling 28,241 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of NiSource worth $15,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Crewe Advisors LLC lifted its holdings in NiSource by 90.7% during 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 in the last quarter. Hantz Financial Services Inc. boosted its position in NiSource by 2,668.0% during the 2nd 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 in the last quarter. Country Trust Bank bought a new stake in shares of NiSource in the 2nd quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new position in NiSource in the second quarter worth $32,000. Finally, GHP Investment Advisors Inc. boosted its holdings in NiSource by 116.7% in the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 525 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the completion of the sale, the executive vice president owned 41,247 shares in the company, valued at approximately $1,778,983.11. This represents a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

NiSource Trading Up 0.7%

Shares of NI stock opened at $41.88 on Wednesday. NiSource, Inc has a fifty-two week low of $35.59 and a fifty-two 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. The stock’s fifty day moving average is $42.35 and its two-hundred day moving average is $41.97. The firm has a market capitalization of $19.98 billion, a P/E ratio of 22.16, a PEG ratio of 2.57 and a beta of 0.65.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS 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 analyst estimates of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter last 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 expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NI has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. BMO Capital Markets boosted their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and upped their target price for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Finally, UBS Group upped their price objective on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.