North Dakota State Investment Board Buys Shares of 16,136 NiSource, Inc $NI

Posted by Francis Steltz on May 22nd, 2026

North Dakota State Investment Board bought a new stake in NiSource, Inc (NYSE:NI – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 16,136 shares of the utilities provider’s stock, valued at approximately $674,000.

Several other large investors also recently bought and sold shares of NI. Orion Porfolio Solutions LLC grew its holdings in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. Millennium Management LLC lifted its position in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after acquiring an additional 3,033,764 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of NiSource in the fourth quarter valued at $100,965,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of NiSource in the third quarter valued at $84,086,000. Finally, Soroban Capital Partners LP lifted its position in shares of NiSource by 52.0% in the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock valued at $178,877,000 after acquiring an additional 1,516,296 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Performance

NYSE NI opened at $47.76 on Friday. The business’s 50-day moving average price is $47.16 and its 200 day moving average price is $44.84. The company has a market capitalization of $22.90 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.75 and a beta of 0.57. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a twelve month low of $38.13 and a twelve month high of $48.98.

NiSource (NYSE:NI – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period last year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NI has been the topic of several recent research reports. Citigroup upped their price objective on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. 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 report on Thursday, May 7th. Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Finally, Evercore set a $52.00 price objective on NiSource in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Check Out Our Latest Analysis on NiSource

About NiSource

(Free Report)

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.