NiSource Inc. stock gains support as Bank of America builds a sizeable stake

Published on 09/18/2026 at 19:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NiSource Inc. stock drew attention on September 18, 2026, after Bank of America disclosed buying 3,628,102 shares in the second quarter worth USD 172.5 million. The utility kept its fiscal 2026 EPS guidance at USD 2.02 to 2.07 and reported Q2 revenue of USD 1.34 billion, topping estimates.

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NiSource Inc. stock (ISIN US65473P1057) is underpinned by fresh institutional demand after Bank of America Corp DE revealed a new position of 3,628,102 shares in the second quarter, valued at about USD 172.5 million and representing roughly 0.76 percent of the utility's equity as disclosed on September 18, 2026, according to MarketBeat.

Bank of America stake and institutional backing

According to MarketBeat on September 18, 2026, Bank of America Corp DE bought the NiSource Inc. shares in the second quarter, taking a stake of 0.76 percent and highlighting confidence in the regulated utility's earnings and dividend profile.

The same overview from MarketBeat notes that institutional investors and hedge funds collectively own 91.64 percent of NiSource Inc., underscoring that the stock is largely in professional hands and that large investors continue to allocate capital to the company.

Latest earnings, guidance and dividend

NiSource Inc. recently reported quarterly earnings per share of USD 0.16 for its latest quarter, matching analyst expectations for the period, while revenue reached USD 1.34 billion and exceeded consensus estimates, as highlighted by MarketBeat; this combination of in-line EPS and better-than-expected revenue suggests stable profitability with some top-line momentum in the most recent quarter.

For the full fiscal year 2026, NiSource Inc. maintained its earnings guidance and continues to project EPS in a range of USD 2.02 to USD 2.07, according to the same analysis by MarketBeat, giving investors a quantified earnings outlook that implies a meaningful step up from the latest quarterly run rate.

NiSource Inc. also offers an income component: the company declared a quarterly dividend of USD 0.30 per share, equivalent to USD 1.20 on an annual basis and translating into a yield of about 2.9 percent on the share price referenced in the MarketBeat analysis, as reported by MarketBeat; the dividend therefore provides a modest but tangible cash return alongside the earnings growth story.

Analyst targets and valuation context

Based on data compiled by MarketBeat, analysts collectively rate NiSource Inc. stock at Moderate Buy, reflecting a broadly positive but not euphoric stance on the utility.

The same source indicates that the average analyst price target for NiSource Inc. stands at USD 49.64, compared with a reference share price of USD 40.88 cited in the report, meaning the consensus target sits roughly USD 8.76 above the current level and implies notable upside potential if the company delivers on its fiscal 2026 EPS guidance and maintains its dividend trajectory, according to MarketBeat.

NiSource Inc. stock level and investor takeaways

Per the reference figures in the MarketBeat overview as of mid September 2026, NiSource Inc. stock was quoted around USD 40.88 on the New York Stock Exchange, while the annual dividend of USD 1.20 per share translates into a yield of about 2.9 percent at that level, and with institutional investors holding 91.64 percent of the shares the stock trades in a relatively concentrated, professional ownership base, according to MarketBeat.