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

NiSource, Inc (NYSE:NI) has earned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.6667.

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $50.00 in a report on Friday, October 31st. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd.

Insiders Place Their Bets

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total value of $345,040.00. Following the transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This represents a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NiSource

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

NiSource Stock Performance

Shares of NI stock opened at $42.06 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average of $42.32 and a 200 day moving average of $42.00. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.60 and a beta of 0.65. NiSource has a 52 week low of $35.64 and a 52 week high of $44.88.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.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 and its FY 2025 guidance at 1.870-1.89 EPS. As a group, research analysts expect that NiSource will post 1.91 earnings per share for the current year.

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.