NiSource, Inc (NYSE:NI) Receives Average Rating of “Moderate Buy” from Analysts

NiSource, Inc (NYSE:NI) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $46.6667.

Several brokerages have issued reports on NI. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Sunday. Mizuho upped their price target on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday. Finally, BMO Capital Markets upped their target price on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, September 29th.

NiSource Trading Down 0.5%

NiSource stock opened at $41.21 on Thursday. The stock has a 50-day moving average price of $42.83 and a 200 day moving average price of $41.72. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. NiSource has a 52 week low of $35.36 and a 52 week high of $44.88. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29.

NiSource (NYSE:NI) last announced 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). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter last year, the business earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Sell-side analysts anticipate that NiSource will post 1.91 EPS for the current year.

Insider Transactions at NiSource

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the sale, the executive vice president owned 41,247 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its position in shares of NiSource by 181.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 941 shares during the period. Magnetar Financial LLC raised its stake in shares of NiSource by 195.5% in the second quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock valued at $7,380,000 after purchasing an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management lifted its position in NiSource by 10.6% in the second quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock worth $13,737,000 after purchasing an additional 32,595 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in NiSource by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock worth $170,070,000 after buying an additional 55,515 shares in the last quarter. Finally, Williamson Legacy Group LLC boosted its position in shares of NiSource by 138.7% during the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock valued at $1,199,000 after acquiring an additional 17,271 shares in the last quarter. 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.