NiSource, Inc (NYSE:NI) Receives $50.33 Consensus Target Price from Brokerages

NiSource, Inc (NYSE:NI) has earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.3333.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. KeyCorp initiated coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

NiSource Stock Up 1.6%

NI stock opened at $47.76 on Friday. NiSource has a 52-week low of $38.13 and a 52-week high of $48.98. The company’s 50 day simple moving average is $47.16 and its 200-day simple moving average is $44.84. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The firm has a market capitalization of $22.90 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.75 and a beta of 0.57.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous 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, equities research analysts anticipate that NiSource will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s payout ratio is presently 59.70%.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of NiSource

Several large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its position in NiSource by 1.5% in the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after acquiring an additional 220 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in NiSource by 1.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 225 shares in the last quarter. Tower Bridge Advisors grew its position in NiSource by 1.1% in the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after acquiring an additional 232 shares in the last quarter. Choreo LLC grew its position in NiSource by 2.7% in the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 234 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position in NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 240 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

NiSource Company Profile

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.