&Sigma Planning Corp, a prominent institutional investor, has made a significant strategic move by expanding its position in NiSource Inc. (NYSE:NI), according to recent filings with the Securities and Exchange Commission (SEC). &Sigma Planning Corp increased its holdings in NiSource by 13.9%, purchasing an additional 4,701 shares during the Q4 of last year. This recent move towards investment expansion demonstrates the institutional investor’s growing confidence in NiSource’s potential and long-term growth prospects.
The institutional investor’s holdings in NiSource were valued at $1,054,000 as of their most recent SEC filing. A well-planned investment strategy can be seen as one critical aspect behind this growth trajectory. Additionally, it is clear that &Sigma Planning Corp recognized that there was an opportunity to strengthen their position in a strategic long-term asset such as NiSource.
NiSource had recently reported earnings data on February 22nd, with some promising figures revealed in the energy solutions provider’s outlook for the future. During this quarter, NiSource recorded revenue of $1.70 billion, surpassing analyst estimates significantly which had projected revenue of $1.56 billion. Furthermore, the utilities provider posted an EPS of $0.50 for the quarter – higher than projected consensus estimates by $0.01.
The company has been placing a particular emphasis on investing further into its Electric Operations and Gas Distribution segments which provide natural gas services and transportation to various residential households and commercial industries efficiently.
NiSource Inc.’s net margin number stood at 13.51% during Q4, proving that a steady path lays ahead if they continue to prioritize active investments into these businesses’ operational sectors.
As we look at analysts’ projections for the company’s performance over time; they predict that NiSource Inc will post around 1.57 earnings per share throughout the current year based on its previous trends combined with newly enhanced strategies of energizing profits in every business segment. This consistent financial performance trajectory suggests that NiSource Inc, with the support and confidence of institutional investors such as &Sigma Planning Corp, is poised for long-term growth and success in its respective market sectors.
In conclusion, it is safe to say that &Sigma Planning Corp’s decision to expand their holdings in NiSource is a strategic investment move indeed. NiSource’s growing portfolio of gas distribution and electric operations business segments combined with efficient management of operations and favourable financial earnings data portray a sound growing company. If everything goes according to plan, the utility provider may continue to reap big benefits from such investments as they are likely to pay dividends in the long term run by enhancing profits for upcoming fiscal years.
NiSource Catches Eye of Institutional Investors with Steady Growth and Dividend Yield
NiSource Attracts Interest from Institutional Investors
NiSource, Inc. has reportedly caught the attention of institutional investors recently, with a number making changes to their positions in the company. Leading the charge is First Citizens Bank & Trust Co., which increased its holdings by 3.3% during Q4 and now owns over 123,000 shares of the utilities provider’s stock valued at $3.4m. Meanwhile, Maple Brown Abbott Ltd currently holds a stake worth over $60m after growing its share of NiSource by 4.7% in Q4.
Other interested parties include Empirical Finance LLC, which grew its position by 9.1%, and Xponance Inc., which boosted its share of NiSource by over 20%. The list is completed by Veriti Management LLC, which acquired a new stake in the company in Q4.
NiSource operates under a Gas Distribution Operations segment and an Electric Operations segment, providing natural gas service and transportation for residential, commercial and industrial customers.
Shares of NI stock opened at $28.82 on Friday last week; The company’s recent fluctuations show that it has enjoyed steady growth after having experienced a twelve month low of $23.78 and twelve month high of $32.43.
The Bloomington-based firm recently confirmed that it would pay out a quarterly dividend on May 19th to investors who were registered as shareholders at close of trading on April 28. This resulted in the release of an annualised dividend yield of around 3.5%.
Speaking about NiSource’s prospects, one brokerage lifted its target price from $30 to $31 per share while another assigned it a ‘Moderate Buy’ rating – according to data seen by Bloomberg.