NiSource, Inc (NYSE:NI) Receives $47.20 Average Price Target from Analysts

NiSource, Inc (NYSE:NI) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $47.20.

A number of equities research analysts have recently issued reports on the company. UBS Group increased their target price on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. BMO Capital Markets set a $50.00 price target on NiSource in a report on Thursday, February 12th. Mizuho increased their price objective 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. Barclays set a $45.00 price objective on shares of NiSource in a research note on Monday, December 8th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd.

NiSource Stock Up 1.3%

Shares of NiSource stock opened at $46.57 on Friday. NiSource has a twelve month low of $35.64 and a twelve month high of $47.96. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 3.77 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average price of $45.63 and a 200 day moving average price of $43.59.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period last year, the company posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts forecast that NiSource will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be issued a $0.30 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s payout ratio is currently 61.54%.

Institutional Trading of NiSource

Large investors have recently modified their holdings of the business. ANTIPODES PARTNERS Ltd purchased a new stake in NiSource during the 3rd quarter worth approximately $84,086,000. Williamson Legacy Group LLC boosted its stake 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 buying an additional 17,271 shares during the last quarter. Capital International Investors grew its position in shares of NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of NiSource during the third quarter worth approximately $1,113,000. Finally, Drake & Associates LLC bought a new stake in shares of NiSource in the third quarter worth $2,413,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Company Profile

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.