Robeco Institutional Asset Management B.V. Reduces Stake in NiSource, Inc $NI

Robeco Institutional Asset Management B.V. reduced its holdings in NiSource, Inc (NYSE:NI) by 33.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 385,160 shares of the utilities provider’s stock after selling 196,231 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NiSource were worth $16,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its position in NiSource by 181.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 941 shares during the period. Magnetar Financial LLC increased its stake in shares of NiSource by 195.5% during the second quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock valued at $7,380,000 after purchasing an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of NiSource by 10.6% during the second 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. Charles Schwab Investment Management Inc. boosted its position in shares of NiSource by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock worth $170,070,000 after purchasing an additional 55,515 shares in the last quarter. Finally, Williamson Legacy Group LLC grew its stake in shares of NiSource by 138.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock worth $1,199,000 after buying an additional 17,271 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. UBS Group lifted their price target on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $50.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average target price of $46.67.

Insider Transactions at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred 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 owned 41,247 shares in the company, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

NiSource Price Performance

NYSE NI opened at $41.56 on Friday. NiSource, Inc has a one year low of $35.64 and a one year high of $44.88. The stock has a 50-day moving average of $42.33 and a 200 day moving average of $41.96. 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 company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.57 and a beta of 0.65.

NiSource (NYSE:NI) last posted 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 company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $983.25 million. During the same quarter in the prior year, the company 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. On average, sell-side analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

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.