Alkeon Capital Management LLC Acquires 130,000 Shares of NiSource, Inc $NI

Posted by Brian Himes on Jun 16th, 2026

Alkeon Capital Management LLC boosted its position in shares of NiSource, Inc (NYSE:NI – Free Report) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,230,500 shares of the utilities provider’s stock after acquiring an additional 130,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in NiSource were worth $134,906,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its position in NiSource by 113.8% in the 4th 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 period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in NiSource in the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new stake in NiSource in the 4th quarter valued at about $28,000. Godfrey Financial Associates Inc. purchased a new stake in NiSource in the 4th quarter valued at about $30,000. Finally, Elyxium Wealth LLC purchased a new stake in NiSource in the 4th quarter valued at about $33,000. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. The trade was a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,500 shares of company stock valued at $1,305,675 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

NiSource Price Performance

Shares of NI opened at $47.46 on Tuesday. The company has a 50 day moving average price of $47.24 and a 200-day moving average price of $45.26. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $48.98. The stock has a market capitalization of $22.76 billion, a PE ratio of 23.61, a PEG ratio of 3.77 and a beta of 0.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s dividend payout ratio is presently 59.70%.

Analyst Upgrades and Downgrades

NI has been the subject of several research reports. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Citigroup boosted their price objective on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. BMO Capital Markets reissued an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. Barclays boosted their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.33.

View Our Latest Stock Analysis on NI

NiSource Company Profile

(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.