Hsbc Holdings PLC Decreases Stock Holdings in NiSource, Inc $NI

Key Points

• Hsbc Holdings reduced its NiSource stake by 4.5% in the second quarter, selling 35,945 shares and retaining 771,230 shares worth approximately $36.7 million. Institutional investors collectively own 91.64% of NiSource.
• NiSource reported quarterly EPS of $0.16, matching analysts’ estimates, while revenue of $1.34 billion exceeded expectations. The company reaffirmed FY 2026 EPS guidance of $2.02–$2.07.
• NiSource declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annual payout and a 2.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $49.64.

Hsbc Holdings PLC lessened its stake in shares of NiSource, Inc (NYSE:NI - Free Report) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 771,230 shares of the utilities provider's stock after selling 35,945 shares during the quarter. Hsbc Holdings PLC owned about 0.16% of NiSource worth $36,746,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NI. Compass Financial Management LLC bought a new position in NiSource during the second quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new stake in NiSource in the fourth quarter worth approximately $26,000. Zions Bancorporation National Association UT grew its position in NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider's stock worth $26,000 after purchasing an additional 330 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in NiSource in the 4th quarter worth approximately $27,000. Finally, DV Equities LLC purchased a new stake in NiSource during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

NiSource Stock Performance

NYSE:NI opened at $41.36 on Tuesday. The stock has a 50-day moving average price of $44.02 and a 200 day moving average price of $45.97. The stock has a market capitalization of $19.83 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.09 and a beta of 0.54. NiSource, Inc has a 12-month low of $39.29 and a 12-month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same period in the previous year, the firm earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. KeyCorp lowered their price target on NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Mizuho cut their price objective on NiSource from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, August 26th. Wall Street Zen cut NiSource from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Barclays lowered their target price on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Finally, BMO Capital Markets dropped their target price on NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, NiSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.64.

NiSource Company 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.

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