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MERRILLVILLE, INDIANA - NiSource Inc. (NYSE:NI), a leading energy and utilities company with a market capitalization of $18.04 billion, announced the results of its annual shareholder meeting held on May 12, 2025, where several key proposals were voted upon. The company, which has maintained dividend payments for 39 consecutive years and currently offers a 2.92% yield, released this information in a recent SEC filing. According to InvestingPro analysis, NiSource maintains a "GOOD" financial health rating, with particularly strong momentum scores.
During the meeting, shareholders elected all nominated directors to the board, with each nominee receiving significant majority support. The detailed voting results for each director showed a strong backing from the shareholders, with the least votes received by a nominee being 389,440,200 and the highest 404,755,331. All nominees were successfully elected. This strong shareholder confidence comes as NiSource demonstrates robust financial performance, with revenue growth of 13.08% and a P/E ratio of 21.13. InvestingPro subscribers can access detailed analysis of NiSource’s governance structure and financial metrics in the comprehensive Pro Research Report, one of 1,400+ available company deep-dives.
Additionally, the proposal for the approval of named executive officer compensation on an advisory basis was passed with 390,097,828 votes in favor, against 14,074,664 votes, and 3,275,592 abstentions. There were 25,240,290 broker non-votes for this proposal.
The ratification of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the year 2025 also received overwhelming support, with 410,717,093 votes for, 21,279,058 against, and 692,223 abstentions. This proposal passed without any broker non-votes.
A stockholder proposal requesting support for special shareholder meeting improvement, however, did not pass. It received 140,448,169 votes for, 265,156,941 against, and 1,842,974 abstentions, with 25,240,290 broker non-votes.
The filing included an exhibit, specifically Exhibit 104, which contains the Cover Page Interactive Data File as embedded within the Inline XBRL document.
The filing confirms that all matters put to a vote were resolved and the results are now publicly available. NiSource has completed the formalities of the annual meeting with the signing of the report by Kimberly S. Cuccia, Executive Vice President, General Counsel, and Corporate Secretary, on May 13, 2025. For investors seeking deeper insights, InvestingPro offers additional analysis through its exclusive ProTips, including insights about the company’s dividend growth streak and earnings forecasts.
In other recent news, NiSource Inc. has reported its first-quarter 2025 earnings, revealing an adjusted EPS of $0.98, which surpassed analyst expectations of $0.90, marking an 8.89% earnings surprise. Despite this positive earnings report, the company’s revenue fell short of forecasts, coming in at $2.03 billion compared to the anticipated $2.21 billion. NiSource has reaffirmed its 2025 EPS guidance of $1.85 to $1.89, focusing on strategic investments in renewable energy and infrastructure. The company plans a $19 billion capital investment over the next five years to expand its renewable energy capacity. In other developments, NiSource declared a quarterly dividend of $0.28 per share, continuing its practice of returning value to shareholders. This dividend is scheduled to be paid on August 20, 2025, to shareholders on record as of July 31, 2025. Additionally, NiSource’s ongoing strategic initiatives include the launch of the Dunsbridge 2 solar facility, which underscores its commitment to sustainable growth.
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