NiSource (NYSE:NI) Research Coverage Started at HSBC

HSBC began coverage on shares of NiSource (NYSE:NI) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $49.50 price target on the utilities provider’s stock.

Several other brokerages also recently commented on NI. Barclays dropped their price objective on NiSource from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Weiss Ratings cut shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. KeyCorp cut their price objective on NiSource from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. LADENBURG THALM/SH SH lowered their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Finally, BMO Capital Markets upped their target price on shares of NiSource from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, October 19th. Thirteen investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.68.

NiSource Stock Down 1.0%

Shares of NYSE:NI opened at $43.26 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The firm has a market cap of $20.74 billion, a P/E ratio of 23.01, a P/E/G ratio of 3.22 and a beta of 0.55. The company’s 50-day moving average price is $40.99 and its two-hundred day moving average price is $44.62. NiSource has a 12 month low of $38.42 and a 12 month high of $49.21.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts forecast that NiSource will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. NiSource’s payout ratio is presently 63.83%.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction on 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 owned 78,527 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On NiSource

A number of institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC grew its holdings in NiSource by 17.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 15,993 shares of the utilities provider’s stock valued at $624,000 after buying an additional 2,387 shares in the last quarter. Ausbil Investment Management Ltd lifted its holdings in shares of NiSource by 7.1% during the third quarter. Ausbil Investment Management Ltd now owns 168,695 shares of the utilities provider’s stock worth $6,579,000 after buying an additional 11,135 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of NiSource by 12.4% during the third quarter. Moody National Bank Trust Division now owns 17,547 shares of the utilities provider’s stock worth $684,000 after buying an additional 1,936 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of NiSource by 45.1% during the third quarter. Versant Capital Management Inc now owns 7,576 shares of the utilities provider’s stock worth $295,000 after buying an additional 2,353 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of NiSource by 26.8% in the second quarter. QRG Capital Management Inc. now owns 17,816 shares of the utilities provider’s stock valued at $847,000 after acquiring an additional 3,770 shares during the period. Institutional investors own 91.64% of the company’s stock.

NiSource Company Profile

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.