771,230 Shares in NiSource, Inc $NI Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of NiSource, Inc (NYSE:NI) during the second quarter, HoldingsChannel reports. The fund acquired 771,230 shares of the utilities provider’s stock, valued at approximately $36,746,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of NiSource during the second quarter worth approximately $2,613,234,000. T. Rowe Price Investment Management Inc. grew its stake in shares of NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares during the last quarter. State Street Corp increased its holdings in shares of NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after purchasing an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in NiSource by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after purchasing an additional 245,110 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NI. LADENBURG THALM/SH SH reduced their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Citigroup lifted their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Mizuho dropped their target price on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company raised their price target on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.64.

NiSource Price Performance

Shares of NI stock opened at $40.95 on Friday. The firm’s 50 day moving average price is $44.96 and its two-hundred day moving average price is $46.18. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The stock has a market cap of $19.64 billion, a PE ratio of 21.78, a PEG ratio of 3.06 and a beta of 0.55.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.9%. NiSource’s dividend payout ratio is presently 63.83%.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the transaction, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

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.