Glenmede Trust Co. NA Sells 20,431 Shares of NiSource, Inc $NI

Glenmede Trust Co. NA reduced its position in shares of NiSource, Inc (NYSE:NI) by 31.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,827 shares of the utilities provider’s stock after selling 20,431 shares during the quarter. Glenmede Trust Co. NA’s holdings in NiSource were worth $2,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after buying an additional 8,240,227 shares during the period. Norges Bank bought a new stake in shares of NiSource in the fourth quarter valued at about $336,852,000. Millennium Management LLC raised its holdings in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after acquiring an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in NiSource in the fourth quarter worth about $100,965,000. 91.64% of the stock is owned by institutional investors.

NiSource News Roundup

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: NiSource reported second-quarter adjusted EPS of $0.16, in line with the broader consensus and above the $0.15 Zacks estimate. Revenue of $1.34 billion exceeded analysts’ $1.15 billion forecast, with NIPSCO gains helping offset weaker results at Columbia. NiSource Q2 Earnings Top Estimates on NIPSCO Gains, Data Center Demand
• Positive Sentiment: Management reaffirmed its target for 9%–10% adjusted EPS compound annual growth from 2026 through 2033. NiSource also continues to pursue a $28.6 billion 2026–2030 capital plan, including $7.6 billion for strategic data-center infrastructure, supporting a potentially important long-term growth driver. NiSource reaffirms 2026 adjusted EPS guidance and long-term growth target
• Neutral Sentiment: NiSource maintained 2026 adjusted EPS guidance of $2.02–$2.07. While the outlook remains intact, the midpoint is slightly below the approximately $2.06 analyst consensus, giving investors limited evidence of a near-term earnings upgrade. NiSource beats Q2 earnings and revenue estimates
• Negative Sentiment: Second-quarter GAAP net income fell to $45.5 million, or $0.09 per diluted share, from $102.2 million, or $0.22, a year earlier. The adjusted EPS result also declined from $0.22, highlighting pressure in reported profitability despite the revenue beat. NiSource Q2 GAAP net income falls
• Negative Sentiment: Several NiSource insiders reportedly sold shares during the past six months without recorded open-market purchases. Although insider sales may reflect personal liquidity needs, the activity can weigh on investor sentiment following the earnings release.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NI. Wells Fargo & Company increased their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays boosted their price objective on shares of NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. Finally, BMO Capital Markets decreased their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president owned 116,036 shares in the company, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource 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 transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade 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 27,500 shares of company stock worth $1,305,675 in the last 90 days. Company insiders own 0.37% of the company’s stock.

NiSource Stock Performance

Shares of NI opened at $42.89 on Thursday. The stock has a 50-day moving average of $46.47 and a two-hundred day moving average of $46.43. The stock has a market cap of $20.56 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.25 and a beta of 0.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. NiSource, Inc has a one year low of $38.45 and a one year high of $49.21.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts predict that NiSource, Inc will post 2.09 EPS for the current year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.8%. NiSource’s dividend payout ratio is presently 59.70%.

About NiSource

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.