Meeder Advisory Services Inc. Invests $1.99 Million in NiSource, Inc $NI

Key Points

• Meeder Advisory Services acquired 41,807 NiSource shares worth approximately $1.99 million in the second quarter. Institutional investors and hedge funds collectively own 91.64% of the utility company.
• NiSource reported quarterly EPS of $0.16, in line with analyst estimates, while revenue of $1.34 billion exceeded forecasts. The company maintained fiscal 2026 EPS guidance of $2.02–$2.07.
• NiSource declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $49.82, although two executives recently sold shares.

Meeder Advisory Services Inc. purchased a new stake in shares of NiSource, Inc (NYSE:NI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 41,807 shares of the utilities provider's stock, valued at approximately $1,988,000.

A number of other institutional investors have also added to or reduced their stakes in NI. Zions Bancorporation National Association UT boosted its position in NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider's stock valued at $26,000 after buying an additional 330 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of NiSource during the fourth quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of NiSource during the fourth quarter worth $27,000. DV Equities LLC bought a new position in shares of NiSource in the 4th quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of NiSource during the 4th quarter valued at $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Down 0.5%

Shares of NYSE:NI opened at $42.15 on Wednesday. The firm has a market cap of $20.21 billion, a P/E ratio of 22.42, a P/E/G ratio of 3.16 and a beta of 0.55. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The business has a fifty day simple moving average of $45.79 and a 200 day simple moving average of $46.33. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. NiSource's dividend payout ratio (DPR) is 63.83%.

Insider Buying and Selling

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares of the company's stock, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melody Birmingham sold 37,509 shares of the business'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 transaction, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore set a $52.00 target price on NiSource in a report on Monday, May 11th. Wells Fargo & Company upped their price objective on NiSource from $51.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. LADENBURG THALM/SH SH dropped their price objective on shares of NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a report on Monday. Royal Bank Of Canada assumed coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 target price on the stock. Finally, Wall Street Zen lowered shares of NiSource from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NiSource has an average rating of "Moderate Buy" and a consensus target price of $49.82.

About NiSource

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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