NiSource (NYSE:NI) Issues FY 2026 Earnings Guidance

NiSource (NYSE:NI) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.020-2.070 for the period, compared to the consensus earnings per share estimate of 2.060. The company issued revenue guidance of -.

NiSource Trading Down 0.5%

NI stock traded down $0.26 during trading on Thursday, reaching $47.25. 2,041,818 shares of the stock traded hands, compared to its average volume of 4,315,181. NiSource has a 52-week low of $37.22 and a 52-week high of $48.98. The business’s 50 day moving average price is $47.12 and its 200-day moving average price is $44.55. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The firm has a market capitalization of $22.65 billion, a PE ratio of 24.26, a P/E/G ratio of 3.85 and a beta of 0.57.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same quarter in the prior year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast that NiSource will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource’s dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NI shares. Barclays lifted their price target on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Wells Fargo & Company upped their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and an average price target of $48.90.

More NiSource News

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: Wells Fargo raised its price target to $52 and set an “overweight” rating, implying ~10% upside from current levels — a near-term catalyst for buying interest. Article Title
• Positive Sentiment: Management signaled a long-term EPS CAGR of 9–10% through 2033 and raised 2033 GenCo EPS to $0.40–$0.60, highlighting a multi-year growth trajectory that supports a higher valuation. Article Title
• Positive Sentiment: The earnings call emphasized data center demand as a growth driver for distributed power and commercial customers, providing a clear end-market growth story investors can track. Article Title
• Positive Sentiment: NiSource received top sustainability honors from Dow Jones and MSCI, which can broaden interest from ESG-focused funds and long-term investors. Article Title
• Positive Sentiment: Management mapped $28.6B of capex for 2026–2030 alongside a lifted long-term EPS outlook, signaling sizable investment to drive future regulated and non-regulated growth. Article Title
• Neutral Sentiment: Reported Q1 EPS of $1.06 matched consensus and improved vs. last year, showing earnings stability even as revenues disappointed. Article Title
• Neutral Sentiment: Full Q1 earnings call transcript and company materials are available for investors who want details on assumptions, regulatory timing and customer contracts. Article Title
• Negative Sentiment: Revenue missed the consensus ($2.36B reported vs. $2.52B expected), which likely pressured sentiment despite EPS in line — investors may be watching customer volumes and rate recovery. Article Title

Hedge Funds Weigh In On NiSource

Several hedge funds have recently modified their holdings of NI. Orion Porfolio Solutions LLC grew its holdings in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares in the last quarter. Millennium Management LLC grew its holdings in NiSource by 2,288.8% during the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after purchasing an additional 3,033,764 shares during the period. Wellington Management Group LLP grew its holdings in NiSource by 72.7% during the fourth quarter. Wellington Management Group LLP now owns 4,237,172 shares of the utilities provider’s stock worth $176,944,000 after purchasing an additional 1,783,900 shares during the period. Soroban Capital Partners LP grew its holdings in NiSource by 52.0% during the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after purchasing an additional 1,516,296 shares during the period. Finally, Yaupon Capital Management LP bought a new position in NiSource during the fourth quarter worth about $49,803,000. Institutional investors own 91.64% of the company’s stock.

About NiSource

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.