NiSource (NYSE:NI) Upgraded by Wall Street Zen to “Hold” Rating

NiSource (NYSE:NI) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

NI has been the topic of a number of other reports. Zacks Research upgraded shares of NiSource to a “hold” rating in a report on Monday, August 11th. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Barclays upped their target price on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, BMO Capital Markets upped their target price on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource Price Performance

Shares of NYSE NI opened at $42.18 on Friday. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.13 and a beta of 0.60. NiSource has a 52 week low of $34.23 and a 52 week high of $44.88. The company’s 50-day moving average price is $42.29 and its 200 day moving average price 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 (NYSE:NI) last released its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter last year, the company 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. As a group, research analysts forecast that NiSource will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NI. Orion Porfolio Solutions LLC raised its holdings in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares during the period. Norges Bank purchased a new position in NiSource in the second quarter valued at approximately $296,543,000. Vanguard Group Inc. raised its holdings in NiSource by 5.3% in the first quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after buying an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in NiSource by 12.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock valued at $962,997,000 after buying an additional 2,650,827 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in NiSource by 88.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock valued at $221,935,000 after buying an additional 2,605,923 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

About NiSource

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.