Brokers Issue Forecasts for NiSource’s Q2 Earnings (NYSE:NI)

NiSource, Inc (NYSE:NI) – Analysts at KeyCorp decreased their Q2 2026 EPS estimates for NiSource in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.17. KeyCorp has a “Overweight” rating and a $50.00 price target on the stock. The consensus estimate for NiSource’s current full-year earnings is $2.05 per share. KeyCorp also issued estimates for NiSource’s Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.56 EPS, FY2027 earnings at $2.44 EPS, FY2028 earnings at $2.71 EPS and FY2029 earnings at $3.00 EPS.

NiSource (NYSE:NI) last released its quarterly 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 business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period last year, the firm earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

A number of other analysts have also recently commented on NI. Royal Bank Of Canada started coverage on NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target for the company. Evercore set a $52.00 target price on shares of NiSource in a report on Monday, May 11th. Citigroup raised their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Tuesday. Finally, Barclays lifted their target price on NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Trading Up 0.3%

NYSE:NI opened at $46.71 on Friday. 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 $22.40 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 3.47 and a beta of 0.55. NiSource has a one year low of $38.45 and a one year high of $49.21. The business has a fifty day moving average price of $46.89 and a 200-day moving average price of $46.26.

Hedge Funds Weigh In On NiSource

A number of large investors have recently bought and sold shares of NI. Orion Porfolio Solutions LLC lifted its stake in shares of NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after buying an additional 8,240,227 shares in the last quarter. Norges Bank purchased a new position in shares of NiSource in the 4th quarter worth approximately $336,852,000. Millennium Management LLC raised its stake in shares of NiSource by 2,288.8% during the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after acquiring an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in NiSource in the fourth quarter worth $100,965,000. Institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president owned 117,899 shares in the company, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,500 shares of company stock worth $1,305,675 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

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.