NiSource (NYSE:NI) Stock Rating Upgraded by Wall Street Zen

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

Several other analysts have also issued reports on the company. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 8th. Mizuho boosted their target price on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. BMO Capital Markets upped their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Evercore ISI lifted their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.33.

NiSource Stock Down 0.7%

NI opened at $41.39 on Friday. The stock has a fifty day moving average of $42.97 and a 200-day moving average of $41.67. The company has a market capitalization of $19.75 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.77 and a beta of 0.63. NiSource has a fifty-two week low of $35.36 and a fifty-two week high of $44.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a return on equity of 8.09% and a net margin of 14.15%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $983.25 million. During the same period 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 and its FY 2025 guidance at 1.870-1.89 EPS. On average, equities analysts expect that NiSource will post 1.91 EPS for the current year.

Insider Activity at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the sale, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Crewe Advisors LLC boosted its stake in shares of NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after buying an additional 667 shares during the period. Country Trust Bank bought a new stake in NiSource during the second quarter valued at $28,000. Ameritas Advisory Services LLC bought a new position in shares of NiSource in the 2nd quarter worth about $32,000. Finally, REAP Financial Group LLC acquired a new position in shares of NiSource in the 3rd quarter valued at about $32,000. Institutional investors own 91.64% of the company’s stock.

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.