Vaughan David Investments LLC IL Sells 24,480 Shares of NiSource, Inc $NI

Posted by Francis Steltz on Jun 12th, 2026

Vaughan David Investments LLC IL lowered its stake in shares of NiSource, Inc (NYSE:NI – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,290,697 shares of the utilities provider’s stock after selling 24,480 shares during the quarter. NiSource makes up approximately 1.2% of Vaughan David Investments LLC IL’s holdings, making the stock its 25th biggest holding. Vaughan David Investments LLC IL’s holdings in NiSource were worth $53,900,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NI. Orion Porfolio Solutions LLC lifted its position in NiSource by 55,625.2% during the 2nd 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 period. Norges Bank acquired a new position in NiSource during the 4th quarter valued at about $336,852,000. Millennium Management LLC lifted its position in NiSource by 2,288.8% during the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after purchasing an additional 3,033,764 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in NiSource during the 4th quarter valued at about $100,965,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in NiSource during the 3rd quarter valued at about $84,086,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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 value of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares in the company, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. The sale 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 completion of the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,500 shares of company stock worth $1,305,675 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.

NiSource Stock Performance

Shares of NYSE:NI opened at $46.61 on Friday. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 3.72 and a beta of 0.54. The firm’s 50 day simple moving average is $47.23 and its 200 day simple moving average is $45.21. 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 fifty-two week low of $38.45 and a fifty-two week high of $48.98.

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, meeting analysts’ consensus estimates of $1.06. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period last year, the company posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast 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. Investors of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NI shares. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Barclays upped their target price 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. Evercore set a $52.00 target price on shares of NiSource in a research report on Monday, May 11th. KeyCorp started coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.33.

Read 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.