NiSource (NI)

• Market cap: $18.5B
• 1 day: -2.89%
• 5 days: -2.93%
• 1 month: -5.61%
• 3 months: 0.03%
• 6 months: 0.03%
• Year to date: 8.28%
• 1 year: 14.51%
• 5 years: 76.86%
• 10 years: 129.03%
• Sector: Utilities
• Industry: Gas Utilities

About: NiSource is one of the nation's largest natural gas distribution companies with 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.

Employees: 7,746

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

28% more repeat investments, than reductions

Existing positions increased: 322 | Existing positions reduced: 251

3.5% more ownership

Funds ownership: 92.88% [Q1] → 96.38% (+3.5%) [Q2]

5% more capital invested

Capital invested by funds: $17.5B [Q1] → $18.3B (+$800M) [Q2]

9% less first-time investments, than exits

New positions opened: 73 | Existing positions closed: 80

3% less funds holding

Funds holding: 787 [Q1] → 764 (-23) [Q2]

39% less call options, than puts

Call options by funds: $9.8M | Put options by funds: $16M

63% less funds holding in top 10

Funds holding in top 10: 8 [Q1] → 3 (-5) [Q2]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $44
• Avg. target: $44
• High target: $44

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Jefferies Julien Dumoulin-Smith	$44	Hold Downgraded	5 Sep 2025
Barclays Nicholas Campanella	$44	Overweight Maintained	4 Aug 2025