SG Americas Securities LLC Invests $5.02 Million in NiSource, Inc $NI

SG Americas Securities LLC purchased a new position in NiSource, Inc (NYSE:NI) during the 3rd quarter, HoldingsChannel reports. The fund purchased 115,914 shares of the utilities provider’s stock, valued at approximately $5,019,000.

Several other large investors also recently bought and sold shares of NI. Orion Porfolio Solutions LLC raised its holdings in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares during the last quarter. Norges Bank purchased a new stake in shares of NiSource in the second quarter valued at approximately $296,543,000. Soroban Capital Partners LP increased its holdings in shares of NiSource by 52.0% in the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock valued at $178,877,000 after purchasing an additional 1,516,296 shares during the last quarter. Merewether Investment Management LP lifted its position in NiSource by 55.2% during the second quarter. Merewether Investment Management LP now owns 3,006,194 shares of the utilities provider’s stock worth $121,270,000 after buying an additional 1,069,363 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in NiSource by 34.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,848,571 shares of the utilities provider’s stock worth $154,289,000 after buying an additional 981,329 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the transaction, the executive vice president directly owned 41,247 shares in the company, 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 filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NI. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. BMO Capital Markets lifted their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Evercore ISI increased their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

NiSource Trading Up 1.2%

Shares of NI stock opened at $42.06 on Friday. NiSource, Inc has a 1-year low of $35.64 and a 1-year high of $44.88. The firm has a market cap of $20.07 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65. The company has a 50-day moving average of $42.32 and a two-hundred day moving average of $41.98. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates 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 prior 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. On average, analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

NiSource 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.