Royal Fund Management LLC Buys New Shares in NiSource, Inc $NI

Posted by Geri Gentry on Jul 30th, 2026

Royal Fund Management LLC purchased a new stake in shares of NiSource, Inc (NYSE:NI – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 76,530 shares of the utilities provider’s stock, valued at approximately $3,571,000.

A number of other large investors have also recently bought and sold shares of NI. Kentucky Retirement Systems bought a new stake in shares of NiSource during the 1st quarter valued at about $1,207,000. Janus Henderson Group PLC lifted its stake in NiSource by 32.6% in the first quarter. Janus Henderson Group PLC now owns 62,033 shares of the utilities provider’s stock valued at $2,895,000 after buying an additional 15,237 shares during the period. Arkadios Wealth Advisors lifted its stake in NiSource by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 9,372 shares of the utilities provider’s stock valued at $437,000 after buying an additional 592 shares during the period. Altshuler Shaham Ltd boosted its holdings in shares of NiSource by 12.5% during the 1st quarter. Altshuler Shaham Ltd now owns 6,503 shares of the utilities provider’s stock worth $303,000 after buying an additional 725 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of NiSource by 5.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,375 shares of the utilities provider’s stock worth $344,000 after purchasing an additional 394 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of NiSource 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 transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $715,200.00. Following the completion of the transaction, the executive vice president owned 35,990 shares in the company, 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. In 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.

NiSource Trading Down 2.0%

Shares of NiSource stock opened at $44.82 on Thursday. The company has a market capitalization of $21.49 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.35 and a beta of 0.55. The stock has a fifty day simple moving average of $46.81 and a 200 day simple moving average of $46.38. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. 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 (NYSE:NI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts anticipate that NiSource, Inc will post 2.08 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.7%. NiSource’s dividend payout ratio (DPR) is 59.70%.

Analyst Ratings Changes

NI has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Evercore set a $52.00 target price on NiSource in a report on Monday, May 11th. Barclays lifted their price target on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Citigroup boosted their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.30.

View Our Latest Stock Report 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.