Nippon Life Global Investors Americas Inc. Acquires Shares of 13,670 NiSource, Inc $NI

Posted by Francis Steltz on Aug 17th, 2026

Nippon Life Global Investors Americas Inc. acquired a new position in shares of NiSource, Inc (NYSE:NI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,670 shares of the utilities provider’s stock, valued at approximately $650,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its stake in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after acquiring an additional 8,240,227 shares in the last quarter. Norges Bank acquired a new position in NiSource during the 4th quarter worth approximately $336,852,000. Bank of New York Mellon Corp purchased a new position in NiSource in the 2nd quarter worth approximately $146,785,000. Finally, Millennium Management LLC boosted its holdings in NiSource by 2,288.8% in the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after acquiring an additional 3,033,764 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NI stock opened at $42.47 on Monday. The stock’s 50 day moving average is $45.95 and its two-hundred day moving average is $46.36. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a market capitalization of $20.37 billion, a PE ratio of 22.59, a P/E/G ratio of 3.16 and a beta of 0.55. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI – Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same period in the prior year, the business posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is currently 63.83%.

Insider Activity

In other news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction dated 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 approximately $5,503,587.48. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction dated 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 of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NI has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Citigroup upped their target price 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. KeyCorp decreased their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Barclays lowered their price target on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Finally, Royal Bank Of Canada initiated coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus price target of $49.70.

View Our Latest Research 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.