Empowered Funds LLC Purchases New Shares in NiSource, Inc $NI

Key Points

• Empowered Funds LLC initiated a NiSource position by purchasing 48,753 shares valued at approximately $2.32 million in the second quarter. Institutional investors own 91.64% of the utility company.
• NiSource reported quarterly revenue of $1.34 billion and adjusted earnings of $0.16 per share, matching estimates, and reaffirmed fiscal 2026 EPS guidance of $2.02–$2.07.
• The company declared a quarterly dividend of $0.30 per share, equivalent to a 2.9% annual yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $49.64.

Empowered Funds LLC purchased a new position in shares of NiSource, Inc (NYSE:NI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,753 shares of the utilities provider's stock, valued at approximately $2,318,000.

Other institutional investors have also added to or reduced their stakes in the company. United Capital Financial Advisors LLC purchased a new position in shares of NiSource in the 2nd quarter worth approximately $671,000. Centaurus Financial Inc. bought a new position in NiSource in the 2nd quarter valued at $162,000. Public Employees Retirement System of Ohio purchased a new stake in shares of NiSource during the 2nd quarter valued at $7,436,000. Proficio Capital Partners LLC purchased a new stake in shares of NiSource during the 2nd quarter valued at $375,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of NiSource during the 2nd quarter valued at $39,000. 91.64% of the stock is owned by institutional investors.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the transaction, the executive vice president directly owned 78,527 shares of the company's stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.37% of the company's stock.

NiSource Trading Up 0.5%

Shares of NI opened at $41.15 on Thursday. The business has a 50-day moving average of $44.43 and a 200 day moving average of $46.07. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. The firm has a market cap of $19.73 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business 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 prior year, the firm earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

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

Analyst Upgrades and Downgrades

NI has been the topic of a number of research analyst reports. Mizuho cut their price target on shares of NiSource from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, August 26th. 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. Royal Bank Of Canada began coverage on shares of NiSource in a research report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. Citigroup boosted their target price on shares of NiSource from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Monday, May 11th. Finally, Evercore set a $52.00 target price on shares of NiSource in a research report on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.64.

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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