Massachusetts Financial Services Co. MA Invests $40.61 Million in NiSource, Inc $NI

Massachusetts Financial Services Co. MA purchased a new stake in shares of NiSource, Inc (NYSE:NI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 937,901 shares of the utilities provider’s stock, valued at approximately $40,611,000. Massachusetts Financial Services Co. MA owned 0.20% of NiSource at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Crewe Advisors LLC boosted its position in NiSource by 90.7% during the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 304 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 667 shares during the period. Country Trust Bank purchased a new stake in shares of NiSource in the second quarter worth approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of NiSource during the second quarter worth approximately $32,000. Finally, Quent Capital LLC purchased a new position in NiSource during the third quarter valued at approximately $36,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource 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 transaction, the executive vice president owned 41,247 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by company insiders.

NiSource Trading Up 0.9%

NiSource stock opened at $43.79 on Thursday. NiSource, Inc has a one year low of $35.64 and a one year high of $44.88. The company’s fifty day moving average price is $42.34 and its two-hundred day moving average price is $42.18. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 2.69 and a beta of 0.65.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm earned $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, analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on NI shares. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and upped their price target for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Mizuho boosted their target price on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets raised their price target on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and an average target price of $46.89.

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.