TD Private Client Wealth LLC Sells 34,942 Shares of NiSource, Inc $NI

TD Private Client Wealth LLC cut its stake in NiSource, Inc (NYSE:NI) by 84.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,539 shares of the utilities provider’s stock after selling 34,942 shares during the quarter. TD Private Client Wealth LLC’s holdings in NiSource were worth $283,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CPC Advisors LLC boosted its stake in NiSource by 6.2% in the 3rd quarter. CPC Advisors LLC now owns 113,103 shares of the utilities provider’s stock worth $4,897,000 after purchasing an additional 6,586 shares during the period. Quent Capital LLC bought a new position in shares of NiSource in the third quarter valued at approximately $36,000. Pinion Investment Advisors LLC bought a new position in shares of NiSource in the third quarter valued at approximately $202,000. Nordea Investment Management AB grew its stake in NiSource by 16.7% during the third quarter. Nordea Investment Management AB now owns 25,218 shares of the utilities provider’s stock valued at $1,088,000 after acquiring an additional 3,611 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in NiSource by 1.9% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,804 shares of the utilities provider’s stock worth $858,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

NiSource stock opened at $43.93 on Friday. The firm has a fifty day simple moving average of $42.35 and a two-hundred day simple moving average of $42.09. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $44.88. The company has a market capitalization of $20.96 billion, a PE ratio of 23.24, a P/E/G ratio of 2.72 and a beta of 0.65.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business 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. Research analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

Insider Buying and Selling

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 41,247 shares in the company, valued at approximately $1,778,983.11. The trade was 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 this hyperlink. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on NI shares. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $50.00 in a report on Friday, October 31st. UBS Group lifted their price objective on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Barclays set a $45.00 target price on NiSource in a research note on Monday, December 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, BMO Capital Markets upped their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

About NiSource

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.