Hsbc Holdings PLC Acquires 53,167 Shares of NiSource, Inc $NI

Hsbc Holdings PLC increased its holdings in NiSource, Inc (NYSE:NI) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 742,753 shares of the utilities provider’s stock after purchasing an additional 53,167 shares during the quarter. Hsbc Holdings PLC’s holdings in NiSource were worth $31,027,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NI. Vanguard Group Inc. boosted its position in NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after acquiring an additional 1,032,630 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after purchasing an additional 8,240,227 shares during the last quarter. State Street Corp lifted its stake in shares of NiSource by 4.5% during the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after purchasing an additional 1,154,351 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in NiSource by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after purchasing an additional 245,110 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

NI has been the subject of several analyst reports. Barclays increased their price target on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Wells Fargo & Company increased their target price on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Evercore set a $52.00 price target on shares of NiSource in a report on Monday, May 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Insider Activity

In other news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the transaction, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 27,500 shares of company stock worth $1,305,675. Company insiders own 0.37% of the company’s stock.

NiSource Stock Performance

Shares of NiSource stock opened at $47.57 on Thursday. The firm has a market capitalization of $22.81 billion, a P/E ratio of 23.67, a PEG ratio of 3.77 and a beta of 0.54. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average price of $47.18 and a 200 day moving average price of $45.48. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter in the prior year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s payout ratio is currently 59.70%.

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.