NiSource (NYSE:NI) Stock Picked Up by Analysts at HSBC

Investment analysts at HSBC started coverage on shares of NiSource (NYSE:NI) in a research note issued on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $49.50 price target on the utilities provider’s stock. HSBC’s price target would suggest a potential upside of 15.04% from the stock’s previous close.

Several other brokerages have also issued reports on NI. LADENBURG THALM/SH SH lowered their price target on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. JPMorgan Chase & Co. decreased their price objective on NiSource from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday. Scotiabank started coverage on NiSource in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $43.00 price objective on the stock. KeyCorp cut their target price on NiSource from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Mizuho reduced their target price on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.68.

NiSource Stock Up 0.6%

Shares of NI stock opened at $43.03 on Thursday. NiSource has a 12 month low of $38.42 and a 12 month high of $49.21. The firm has a market cap of $20.64 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The stock has a 50 day moving average of $40.94 and a 200-day moving average of $44.66. 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) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts predict that NiSource will post 2.05 EPS for the current year.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction dated Friday, August 14th. The shares were 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 owned 78,527 shares in the company, valued at $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.37% of the company’s stock.

Institutional Trading of NiSource

Several hedge funds have recently modified their holdings of NI. BlackRock Inc. acquired a new position in NiSource in the second quarter worth $2,613,234,000. IFM Investors Pty Ltd grew its holdings in shares of NiSource by 13.8% during the first quarter. IFM Investors Pty Ltd now owns 223,244 shares of the utilities provider’s stock worth $10,417,000 after purchasing an additional 27,048 shares during the last quarter. Union Bancaire Privee UBP SA grew its holdings in shares of NiSource by 227.4% during the first quarter. Union Bancaire Privee UBP SA now owns 105,656 shares of the utilities provider’s stock worth $4,930,000 after purchasing an additional 73,384 shares during the last quarter. Nykredit A S acquired a new stake in shares of NiSource in the second quarter valued at $5,663,000. Finally, OP Asset Management Ltd acquired a new stake in shares of NiSource in the first quarter valued at $2,629,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NiSource

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.