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

Hsbc Holdings PLC grew its stake in NiSource, Inc (NYSE:NI) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 742,753 shares of the utilities provider’s stock after buying an additional 53,167 shares during the period. Hsbc Holdings PLC’s holdings in NiSource were worth $31,027,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NI. Zions Bancorporation National Association UT lifted its stake in shares of NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 330 shares during the period. Strive Financial Group LLC acquired a new stake in NiSource during the 4th quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in NiSource during the 4th quarter valued at approximately $27,000. DV Equities LLC bought a new position in NiSource during the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in NiSource during the 4th quarter worth approximately $28,000. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Performance

Shares of NI stock opened at $47.06 on Tuesday. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 3.82 and a beta of 0.55. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. 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 firm has a 50 day moving average of $47.21 and a 200-day moving average of $45.83.

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

NiSource Announces Dividend

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

Wall Street Analyst Weigh In

NI has been the topic of a number of analyst reports. Royal Bank Of Canada began coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Citigroup lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Finally, KeyCorp started coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NiSource has an average rating of “Moderate Buy” and an average target price of $50.50.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,500 shares of company stock worth $1,305,675 over the last ninety days. 0.37% of the stock is owned by insiders.

NiSource Profile

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.