Man Group plc Buys New Stake in NiSource, Inc $NI

Key Points

• Man Group initiated a NiSource stake by purchasing 65,148 shares worth approximately $3.1 million during the second quarter. Institutional investors collectively own 91.64% of the utility company.
• NiSource reported quarterly revenue of $1.34 billion and EPS of $0.16, matching estimates, while maintaining fiscal 2026 EPS guidance of $2.02–$2.07. Analysts have a “Moderate Buy” consensus rating and an average price target of $49.64.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 2.9% yield. NiSource shares opened at $40.91, near the lower end of their 52-week range.

Man Group plc bought a new stake in shares of NiSource, Inc (NYSE:NI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 65,148 shares of the utilities provider's stock, valued at approximately $3,098,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Advisory Services Network LLC lifted its holdings in NiSource by 1.5% in the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider's stock worth $634,000 after purchasing an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of NiSource by 1.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider's stock worth $788,000 after acquiring an additional 225 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider's stock valued at $637,000 after acquiring an additional 240 shares in the last quarter. Prosperity Consulting Group LLC increased its stake in shares of NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider's stock valued at $1,020,000 after acquiring an additional 246 shares during the period. Finally, World Investment Advisors raised its holdings in NiSource by 3.2% during the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider's stock worth $308,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

NiSource Stock Up 0.8%

NI stock opened at $40.91 on Tuesday. The company's 50 day simple moving average is $44.69 and its 200-day simple moving average is $46.13. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The firm has a market capitalization of $19.62 billion, a P/E ratio of 21.76, a P/E/G ratio of 3.02 and a beta of 0.55.

NiSource (NYSE:NI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore set a $52.00 price target on NiSource in a research report on Monday, May 11th. Wall Street Zen lowered NiSource from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Royal Bank Of Canada started 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. Finally, Citigroup raised their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.64.

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 completion of the sale, the executive vice president directly owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.37% of the company's stock.

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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