OMERS ADMINISTRATION Corp Takes $1.07 Million Position in NiSource, Inc $NI

28 Aug 2026, 05:59 by Doug Wharley · The Cerbat Gem

OMERS ADMINISTRATION Corp purchased a new stake in shares of NiSource, Inc (NYSE:NI – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,573 shares of the utilities provider’s stock, valued at approximately $1,073,000.

Several other institutional investors have also added to or reduced their stakes in NI. Zions Bancorporation National Association UT boosted its position in shares of NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of NiSource in the fourth quarter worth approximately $26,000. Compass Financial Management LLC bought a new stake in NiSource in the 2nd quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in NiSource during the fourth quarter valued at $27,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of NiSource during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling

In other news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NI. Barclays decreased their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $52.00 price target on shares of NiSource in a report on Monday, May 11th. KeyCorp reduced their price objective 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. Finally, Royal Bank Of Canada began coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

Check Out Our Latest Research Report on NI

NiSource Price Performance

Shares of NYSE:NI opened at $40.95 on Friday. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 3.06 and a beta of 0.55. The firm has a fifty day moving average price of $44.96 and a 200 day moving average price of $46.18. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors 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 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is currently 63.83%.

NiSource 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.