Highland Capital Management 13F: New $4.4M Stake in NiSource (NI)

Highland Capital Management acquired 112,125 shares of NiSource Inc. (NYSE: NI) valued at approximately $4.37 million in a filing on October 26, 2026. This marks a new position for the fund, which had no shares in NiSource prior to this purchase. The information comes from the fund's latest Form 13F filing with the SEC.

NI NiSource Inc.

$43.44 ▲ +5.08% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where NiSource Fits in Highland Capital Management's Portfolio

This new stake represents about 0.52% of Highland Capital's total reported value of $833.06 million. It ranks as the 24th largest position among the fund's 415 reported holdings.

Other Institutional Activity in NiSource

Deutsche Bank AG holds 12,077,706 shares of NiSource, increasing its stake by 359,742 shares, valued at about $523.5 million. Jennison Associates LLC also maintains a position, holding 9,235,389 shares worth approximately $400.3 million, with a minimal increase of 13,832 shares.

NiSource Inc. Stock Holds Steady

As of October 27, 2026, NiSource's stock was recently traded around $43.44, which is about equal to its closing price on the filing date. The stock is currently above its 50-day moving average of $41.03 but below its 200-day moving average of $44.85. The shares are also approximately 11.7% below their 52-week high of $49.21.

Recent Earnings

NiSource reported trailing twelve-month revenue of approximately $6.88 billion and an EPS of $1.89. The next earnings report is scheduled for October 28, 2026.

Dividend

NiSource pays an annual dividend of $1.20 per share, translating to a dividend yield of 2.76%. The company's payout ratio stands at 61.7%.

Insider Buying and Selling at NiSource Inc.

Recent insider transactions include Melody Birmingham-Byrd, an officer, who sold 12,500 shares on May 20, 2026, valued at about $590,425. CEO Lloyd M. Yates sold 19,905 shares on May 21, 2026, for approximately $950,066, followed by Melanie B. Berman, who sold 15,000 shares on May 22, 2026, for about $715,200. Additionally, Melody Birmingham-Byrd sold 37,509 shares on August 14, 2026, valued at around $1.59 million.

Analysts Set New Price Targets

On October 22, 2026, HSBC initiated coverage on NiSource with a "Buy" rating and a price target of $49.50. Other firms like Citigroup and Barclays maintained their ratings as "Neutral" and "Overweight," with target prices of $45.00 and $44.00, respectively.

About NiSource Inc.

NiSource Inc. is an energy holding company that operates as a regulated natural gas and electric utility in the United States. The company delivers energy through its two main segments: Columbia Operations and NIPSCO Operations, serving millions of customers across several states.

Bottom Line

Investors should keep an eye on NiSource's upcoming earnings report on October 28, 2026, and the performance of Highland Capital's new stake. This recent filing highlights a strategic move as Highland shifts its investments, taking a new position amid other adjustments in its portfolio.