NiSource, Inc $NI Stock Position Lowered by Summit Global Investments

Posted by Brian Himes on Nov 2nd, 2026

Summit Global Investments trimmed its holdings in shares of NiSource, Inc (NYSE:NI – Free Report) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,265 shares of the utilities provider’s stock after selling 29,719 shares during the quarter. Summit Global Investments’ holdings in NiSource were worth $1,648,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Contravisory Investment Management Inc. lifted its position in shares of NiSource by 1.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 24,118 shares of the utilities provider’s stock valued at $1,147,000 after buying an additional 254 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in NiSource by 35.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,339 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 353 shares in the last quarter. CX Institutional increased its holdings in NiSource by 5.5% in the 2nd quarter. CX Institutional now owns 7,050 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 366 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in NiSource by 5.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,375 shares of the utilities provider’s stock worth $344,000 after acquiring an additional 394 shares during the period. Finally, Modern Wealth Management LLC lifted its holdings in NiSource by 5.6% during the first quarter. Modern Wealth Management LLC now owns 7,922 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 423 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NI shares. JPMorgan Chase & Co. dropped their target price on shares of NiSource from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Barclays cut their target price on shares of NiSource from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Weiss Ratings downgraded shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. Citigroup reaffirmed a “buy” rating on shares of NiSource in a research note on Wednesday, October 21st. Finally, HSBC started coverage on NiSource in a report on Thursday, October 22nd. They issued a “buy” rating and a $49.50 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and an average price target of $48.58.

Get Our Latest Stock Analysis on NiSource

NiSource Stock Down 0.0%

NYSE NI opened at $44.56 on Monday. The business has a fifty day moving average price of $41.21 and a 200 day moving average price of $44.83. NiSource, Inc has a one year low of $38.42 and a one year high of $49.21. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.38 and a current ratio of 0.50. The company has a market cap of $21.37 billion, a P/E ratio of 22.85, a P/E/G ratio of 3.31 and a beta of 0.55.

NiSource (NYSE:NI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. NiSource had a return on equity of 8.16% and a net margin of 13.56%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.19 EPS. Research analysts anticipate that NiSource, Inc will post 2.06 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio is 61.54%.

About NiSource

(Free Report)

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.