NewEdge Advisors LLC Acquires 823,358 Shares of NiSource, Inc $NI

NewEdge Advisors LLC boosted its holdings in NiSource, Inc (NYSE:NI) by 772.0% in the 1st quarter, HoldingsChannel reports. The firm owned 930,013 shares of the utilities provider’s stock after purchasing an additional 823,358 shares during the quarter. NewEdge Advisors LLC’s holdings in NiSource were worth $43,394,000 at the end of the most recent reporting period.

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

Insider Activity at NiSource

In other 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 transaction of $715,200.00. Following the transaction, the executive vice president 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president owned 116,036 shares in the company, valued at $5,503,587.48. The trade was a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock worth $1,305,675 over the last three months. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on NI shares. Barclays increased their price objective on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. BMO Capital Markets decreased their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Royal Bank Of Canada began coverage on NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target for the company. Finally, KeyCorp cut their price target on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.30.

NiSource Price Performance

NI stock 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 fifty day simple moving average of $46.40 and a two-hundred day simple moving average of $46.43. The firm 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.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

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

Key Stories Impacting NiSource

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.

NiSource 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.