NewEdge Advisors LLC Boosts Stake in NiSource, Inc $NI

NewEdge Advisors LLC increased its holdings in shares of NiSource, Inc (NYSE:NI) by 772.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 930,013 shares of the utilities provider’s stock after purchasing an additional 823,358 shares during the quarter. NewEdge Advisors LLC owned 0.19% of NiSource worth $43,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NI. Strive Financial Group LLC purchased a new position in NiSource in the 4th quarter worth about $26,000. Zions Bancorporation National Association UT boosted its holdings in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of NiSource in the fourth quarter worth approximately $27,000. DV Equities LLC purchased a new position in shares of NiSource during the fourth quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of NiSource during the fourth quarter valued at approximately $28,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource News Summary

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: NiSource reported second-quarter adjusted EPS of $0.16, in line with consensus, while revenue of $1.34 billion exceeded estimates of approximately $1.15 billion. Results benefited from gains at NIPSCO, which offset weaker performance at Columbia. NiSource Q2 Earnings Top Estimates on NIPSCO Gains, Data Center Demand
• Positive Sentiment: Management reaffirmed its $2.02-$2.07 adjusted EPS outlook for 2026 and maintained its target for 9%-10% adjusted EPS compound annual growth through 2033, supporting the long-term growth case. NiSource Reaffirms 2026 EPS and Long-Term Growth Target
• Positive Sentiment: The company continues to execute a $28.6 billion 2026-2030 capital plan, including $7.6 billion for strategic data-center infrastructure. Agreements with Amazon and Alphabet are expected to produce $1.4 billion in savings for existing customers, potentially strengthening demand visibility and regulatory support.
• Neutral Sentiment: Analysts continue to view NiSource favorably, with the stock receiving a consensus “Moderate Buy” rating. NiSource Given Consensus Moderate Buy Rating
• Negative Sentiment: GAAP net income available to common shareholders fell to $45.5 million, or $0.09 per diluted share, from $102.2 million, or $0.22, a year earlier. Adjusted EPS also declined from $0.22, highlighting weaker year-over-year profitability despite the revenue beat. NiSource Q2 GAAP Net Income Falls
• Negative Sentiment: 2026 guidance was maintained at $2.02-$2.07 rather than raised, with the midpoint slightly below the roughly $2.06 analyst consensus. Recent insider activity also shows sales and no reported purchases, a modest negative sentiment signal.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the transaction, the executive vice president owned 117,899 shares in the company, valued at approximately $5,563,653.81. The trade was a 7.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 27,500 shares of company stock valued at $1,305,675. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Royal Bank Of Canada initiated coverage on NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company lifted their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.30.

NiSource Stock Up 0.9%

NYSE NI opened at $43.29 on Friday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $20.75 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The stock’s 50-day moving average price is $46.40 and its 200-day moving average price is $46.43.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company 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 period in the previous year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio is presently 59.70%.

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.