Why NiSource (NI) Stock Is Down Today

NiSource (NI) is down 4.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a weaker second-quarter earnings print, with both GAAP and adjusted profit falling from a year earlier. Investors may also be focusing on temporary but meaningful cost pressures tied to a spring lockout at NIPSCO and restructuring-related spending, even though NiSource reaffirmed its full-year adjusted EPS outlook.

Details:

NiSource reported second-quarter 2026 GAAP earnings of $0.09 per share, down from $0.22 in the same quarter last year, while adjusted EPS fell to $0.16 from $0.22.

The company identified about $21.4 million of incremental workplace continuity costs during the April 2026 NIPSCO lockout period, including contractor, security and administrative expenses.

NiSource also recorded about $5.4 million of non-recurring consulting and severance costs tied to its Value Captured initiative, adding to near-term pressure on results.

Management kept its 2026 adjusted EPS guidance at $2.02 to $2.07 and reiterated its long-term growth plan, but the market appears to be reacting more to the quarterly earnings decline than to the unchanged full-year outlook.

Sources:

NiSource, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NI Insider Trading Activity

$NI insiders have traded $NI stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $NI stock by insiders over the last 6 months:

LLOYD M YATES (Director and President & CEO) sold 19,905 shares for an estimated $950,065
MELANIE B. BERMAN (EVP Administration & CHRO) sold 15,000 shares for an estimated $715,200
MELODY BIRMINGHAM (EVP & Grp President, Utilities) has made 0 purchases and 2 sales selling 12,500 shares for an estimated $590,425.
SHAWN ANDERSON (EVP & CFO) sold 12,500 shares for an estimated $562,625
GUNNAR GODE (SVP Chief Accting&Tax Officer) sold 2,175 shares for an estimated $100,050

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$NI Hedge Fund Activity

We have seen 420 institutional investors add shares of $NI stock to their portfolio, and 314 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 7,926,946 shares (-97.1%) from their portfolio in Q1 2026, for an estimated $369,871,300
BROOKFIELD CORP /ON/ added 2,235,394 shares (+154.7%) to their portfolio in Q1 2026, for an estimated $104,303,484
BARCLAYS PLC added 2,036,207 shares (+139.9%) to their portfolio in Q1 2026, for an estimated $95,009,418
CITADEL ADVISORS LLC removed 1,680,000 shares (-67.6%) from their portfolio in Q1 2026, for an estimated $78,388,800
BANK OF MONTREAL /CAN/ added 1,623,589 shares (+91.7%) to their portfolio in Q1 2026, for an estimated $75,756,662
DEUTSCHE BANK AG\ added 1,368,700 shares (+13.2%) to their portfolio in Q1 2026, for an estimated $63,863,541
ZIMMER PARTNERS, LP added 1,272,859 shares (+32.9%) to their portfolio in Q1 2026, for an estimated $59,391,600

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$NI Government Contracts

We have seen $2,203,568 of award payments to $NI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

NATURAL GAS UTILITY SERVICES (TRANSPORTATION): $424,049
COLUMBIA GAS OF OHIO TRANSPORTATION FY26: $249,106
NATURAL GAS UTILITY SERVICE: $218,333
COLUMBIA GAS FY-26 Q1 NATURAL GAS LDC UTILITY SERVICE - FCI CUMBERLAND FOR FY26 52.232-18 AVAILABILITY OF F...: $200,027
NATURAL GAS UTILITY SERVICES (TRANSPORTATION) FOR FBI QUANTICO: $146,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$NI Price Targets

Multiple analysts have issued price targets for $NI recently. We have seen 6 analysts offer price targets for $NI in the last 6 months, with a median target of $51.0.

Here are some recent targets:

Stephen D'Ambrisi from RBC Capital set a target price of $52.0 on 07/02/2026
Ryan Levine from Citigroup set a target price of $49.0 on 05/11/2026
Shahriar Pourreza from Wells Fargo set a target price of $52.0 on 05/07/2026
Nicholas Campanella from Barclays set a target price of $49.0 on 04/17/2026
Sophie Karp from Keybanc set a target price of $52.0 on 03/31/2026
Nicholas Amicucci from Evercore ISI Group set a target price of $50.0 on 03/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.