NiSource, Inc (NYSE:NI) Receives $45.00 Consensus PT from Brokerages

Shares of NiSource, Inc (NYSE:NI) have earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $45.7778.

NI has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Barclays lifted their price target on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $50.00 in a research note on Friday. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research upgraded shares of NiSource to a “hold” rating in a research note on Monday, August 11th.

Hedge Funds Weigh In On NiSource

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC increased its stake in shares of NiSource by 1.7% in the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after purchasing an additional 245 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in shares of NiSource by 4.5% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock valued at $232,000 after buying an additional 250 shares in the last quarter. Crumly & Associates Inc. lifted its stake in shares of NiSource by 1.5% during the 2nd quarter. Crumly & Associates Inc. now owns 18,274 shares of the utilities provider’s stock valued at $737,000 after buying an additional 265 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of NiSource by 48.8% during the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock valued at $33,000 after buying an additional 266 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after acquiring an additional 266 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Stock Performance

Shares of NI opened at $42.18 on Wednesday. The business’s fifty day simple moving average is $42.29 and its two-hundred day simple moving average is $40.90. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. NiSource has a 12 month low of $34.23 and a 12 month high of $44.88. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 3.13 and a beta of 0.60.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Research analysts anticipate that NiSource will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. NiSource’s dividend payout ratio is presently 59.26%.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.