NiSource, Inc $NI Shares Purchased by National Pension Service

Key Points

• National Pension Service increased its NiSource stake by 68.3% in the second quarter, bringing its holdings to 74,156 shares valued at approximately $3.5 million. Institutional investors collectively own 91.64% of the company.
• NiSource reported quarterly earnings of $0.16 per share, in line with estimates, while revenue of $1.34 billion exceeded the $1.15 billion analyst consensus. The company maintained fiscal 2026 EPS guidance of $2.02–$2.07.
• The utility declared a quarterly dividend of $0.30 per share, equivalent to a 2.9% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $49.64.

National Pension Service increased its position in shares of NiSource, Inc (NYSE:NI - Free Report) by 68.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,156 shares of the utilities provider's stock after buying an additional 30,098 shares during the quarter. National Pension Service's holdings in NiSource were worth $3,526,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its stake in NiSource by 59.1% in the second quarter. WINTON GROUP Ltd now owns 32,211 shares of the utilities provider's stock valued at $1,532,000 after buying an additional 11,963 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in NiSource by 8.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 19,819 shares of the utilities provider's stock worth $942,000 after purchasing an additional 1,478 shares during the last quarter. NewEdge Advisors LLC grew its position in NiSource by 15.1% during the 2nd quarter. NewEdge Advisors LLC now owns 1,070,157 shares of the utilities provider's stock worth $50,886,000 after purchasing an additional 140,144 shares during the last quarter. Arizona State Retirement System increased its stake in NiSource by 5.9% in the second quarter. Arizona State Retirement System now owns 137,438 shares of the utilities provider's stock valued at $6,535,000 after purchasing an additional 7,718 shares during the period. Finally, Empirical Finance LLC increased its stake in NiSource by 4.1% in the second quarter. Empirical Finance LLC now owns 14,727 shares of the utilities provider's stock valued at $700,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 91.64% of the company's stock.

Insider Buying and Selling 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 stock was 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 $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

NiSource Trading Up 0.1%

NYSE:NI opened at $41.46 on Monday. The stock has a fifty day moving average price of $43.56 and a two-hundred day moving average price of $45.85. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.09 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, Inc has a 1 year low of $39.29 and a 1 year high of $49.21.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

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

Analyst Ratings Changes

NI has been the subject of several recent research reports. Mizuho decreased their target price on shares of NiSource from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, August 26th. Barclays dropped their price target on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada began coverage on NiSource in a research report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price objective for the company. KeyCorp dropped their target price on NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Finally, LADENBURG THALM/SH SH decreased their price target on NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.64.

NiSource Profile

NiSource Inc NYSE: NI is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.