Newport Trust Company LLC Cuts Holdings in NiSource, Inc $NI

Posted by Stanley Muller on May 22nd, 2026

Newport Trust Company LLC trimmed its holdings in shares of NiSource, Inc (NYSE:NI – Free Report) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,700,723 shares of the utilities provider’s stock after selling 36,304 shares during the quarter. NiSource accounts for approximately 0.6% of Newport Trust Company LLC’s investment portfolio, making the stock its 27th biggest position. Newport Trust Company LLC’s holdings in NiSource were worth $238,062,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new stake in NiSource during the 3rd quarter valued at $32,000. Elyxium Wealth LLC purchased a new stake in NiSource during the 4th quarter valued at $33,000. Laurel Wealth Advisors LLC purchased a new stake in NiSource during the 4th quarter valued at $46,000. Sentry Investment Management LLC purchased a new stake in NiSource during the 3rd quarter valued at $52,000. Finally, MUFG Securities EMEA plc purchased a new stake in NiSource during the 2nd quarter valued at $56,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,563,653.81. This trade represents a 7.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by insiders.

Analysts Set New Price Targets

NI has been the topic of several recent analyst reports. Barclays increased their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Citigroup increased their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. KeyCorp initiated coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price on the stock. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company increased their price target on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Check Out Our Latest Research Report on NI

NiSource Price Performance

NYSE NI opened at $47.76 on Friday. The business’s fifty day moving average price is $47.16 and its 200-day moving average price is $44.84. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 3.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a 1-year low of $38.13 and a 1-year high of $48.98.

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

NiSource Dividend Announcement

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

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.