Man Group plc Invests $3.10 Million in NiSource, Inc $NI

Man Group plc acquired a new position in shares of NiSource, Inc (NYSE:NI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 65,148 shares of the utilities provider’s stock, valued at approximately $3,098,000.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in NiSource in the 2nd quarter worth about $2,613,234,000. T. Rowe Price Investment Management Inc. grew its stake in shares of NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after buying an additional 8,240,227 shares in the last quarter. State Street Corp increased its holdings in NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after buying an additional 1,154,351 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in NiSource by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after acquiring an additional 245,110 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. KeyCorp decreased their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets decreased their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Barclays lowered their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Evercore set a $52.00 price target on NiSource in a research report on Monday, May 11th. Finally, Mizuho decreased their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

NiSource Trading Up 0.8%

NiSource stock opened at $40.91 on Tuesday. 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 quick ratio of 0.41 and a current ratio of 0.50. The firm has a market capitalization of $19.62 billion, a PE ratio of 21.76, a PEG ratio of 3.02 and a beta of 0.55. The business’s 50-day simple moving average is $44.69 and its 200-day simple moving average is $46.13.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter in the prior year, the company 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 earnings per share for the current year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given 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 yield of 2.9%. NiSource’s payout ratio is 63.83%.

Insider Transactions at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company 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.