Ninepoint Energy Investment Update
Ninepoint Partners Expands Energy Portfolio With New Stakes in Five Sector Companies
Key Points
NiSource EVP Melody Birmingham sold 37,509 NiSource shares on Aug. 14 at an average price of $42.40, leaving her with 78,527 shares (about $3.33 million in value) — a 32.33% decrease in ownership; corporate insiders collectively own about 0.37% of the stock.
Analyst coverage around Permian Resources intensified alongside Ninepoint's stake: UBS cut the target to $24 with a buy rating, Mizuho upgraded to strong-buy, Evercore began coverage with an outperform rating, and Roth Capital issued a $23 target.
Director Bahram Akradi bought 25,760 Northern Oil and Gas shares on June 22 at about $19.40, increasing his total to 1,713,444 shares (roughly $33.24 million) — a 1.53% uptick in ownership.
Denison Mine Corp is uranium-focused with Wheeler River as its flagship asset, which Denison wholly or largely owns; Ninepoint purchased 190,000 shares for about $581,000 in the second quarter.
Uranium Energy Corp has about 62.28% of its stock owned by institutional investors; Ninepoint acquired 105,499 shares for about $1.125 million in Q2. Analysts remain positive, with HC Wainwright at Buy with a $26.75 target and Goldman Sachs at Buy with a $16 target.
Ninepoint Partners LP is making a big bet on energy stocks. The investment fund bought stakes in five energy companies in the second quarter, spending roughly $11.8 million across utilities, oil and gas, and uranium miners Watch List News. The moves show the fund thinks energy stocks will do well in the coming months.
The largest purchase was 350,000 shares of Permian Resources for about $6.44 million. The fund also bought shares in NiSource, Northern Oil and Gas, Denison Mines, and Uranium Energy Corp. Director Bahram Akradi bought Northern Oil shares at the same time, signaling insiders believe in these companies Watch List News.
Five Energy Stocks on Ninepoint's Shopping List
Ninepoint spread its energy bet across different parts of the sector. It bought 37,720 NiSource shares for $1.79 million, moving into the utility space. The fund also grabbed 100,000 shares of Northern Oil and Gas for $1.82 million and 190,000 Denison Mines shares for $581,000 Watch List News.
Uranium stocks got attention too. Ninepoint purchased 105,499 Uranium Energy Corp shares for $1.125 million Watch List News. This diversified approach shows the fund isn't betting on just one energy play. Instead, it's spreading risk across conventional oil and gas, utilities, and the nuclear fuel space.
Analysts Turn Bullish on Permian Resources
Wall Street took notice of energy's rally. UBS cut its Permian Resources price target to $24 but kept a buy rating. Mizuho upgraded the stock to strong-buy, while Evercore began coverage with an outperform call Ticker Report. Roth Capital set a $23 price target.
This analyst attention matters because it validates Ninepoint's thinking. More coverage means more investors paying attention to these stocks. When multiple big banks upgrade a company at once, it often signals growing confidence in the sector Ticker Report.
Insiders Adding to Their Own Positions
Director Bahram Akradi wasn't sitting on the sidelines. He bought 25,760 Northern Oil and Gas shares on June 22 at $19.40 each Watch List News. This purchase bumped his total stake to 1.7 million shares worth about $33.24 million. When company insiders buy their own stock, it sends a strong signal they see value ahead.
There's an interesting contrast elsewhere. NiSource executive Melody Birmingham sold 37,509 shares in August at $42.40 each Watch List News. Her sale reduced her stake by 32%, though she kept 78,527 shares worth $3.33 million. Insider sales and buys don't always mean the same thing, but Akradi's purchase suggests confidence in his company's direction.
Uranium Miners Draw Institutional Money
Uranium stocks are attracting serious money from big institutions. Uranium Energy Corp has 62% of its shares owned by institutional investors like pension funds and mutual funds Watch List News. HC Wainwright gave it a buy rating with a $26.75 target, while Goldman Sachs backed it with a $16 target.
Denison Mines, another uranium play in Ninepoint's portfolio, owns Wheeler River, which it largely controls Watch List News. These uranium bets reflect growing interest in nuclear power as a climate-friendly energy source. Ninepoint's uranium purchases suggest the fund sees nuclear energy demand rising in coming years.
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