Hsbc Holdings PLC Takes Position in NiSource, Inc $NI

Key Points

• HSBC Holdings bought 771,230 NiSource shares worth approximately $36.7 million during the second quarter, joining several other institutions that initiated positions. Institutional investors now own 91.64% of the utility company.
• NiSource reported quarterly EPS of $0.16, in line with estimates, while revenue of $1.34 billion exceeded expectations. Management issued fiscal 2026 EPS guidance of $2.02–$2.07.
• The company declared a quarterly dividend of $0.30, equivalent to $1.20 annually and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $49.64, compared with the stock’s reported price of $40.95.

Hsbc Holdings PLC bought a new stake in NiSource, Inc (NYSE:NI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 771,230 shares of the utilities provider's stock, valued at approximately $36,746,000. Hsbc Holdings PLC owned approximately 0.16% of NiSource at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NI. Canada Pension Plan Investment Board acquired a new stake in NiSource during the second quarter worth $35,337,000. Legal & General Group Plc bought a new position in shares of NiSource during the 2nd quarter worth about $179,838,000. The Manufacturers Life Insurance Company bought a new position in shares of NiSource during the 2nd quarter worth about $40,829,000. Fiduciary Financial Advisors acquired a new stake in shares of NiSource during the 2nd quarter valued at about $35,000. Finally, Cibc World Market Inc. acquired a new stake in shares of NiSource during the 2nd quarter valued at about $4,488,000. 91.64% of the stock is owned by institutional investors.

NiSource Trading Down 0.4%

Shares of NiSource stock opened at $40.95 on Friday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The stock has a market capitalization of $19.64 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 3.06 and a beta of 0.55. The company has a 50-day simple moving average of $44.96 and a 200 day simple moving average of $46.18. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

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

NiSource Announces Dividend

The firm 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 presently 63.83%.

Analyst Upgrades and Downgrades

NI has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Barclays decreased their price objective on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Mizuho lowered their price objective on NiSource from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their target price on NiSource from $51.00 to $49.00 and set an "outperform" rating for the company in a report on Friday, July 17th. Finally, Wall Street Zen downgraded NiSource from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.64.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by company 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.

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