NiSource (NYSE:NI) Upgraded at KeyCorp

KeyCorp upgraded shares of NiSource (NYSE:NI) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other brokerages have also weighed in on NI. BMO Capital Markets set a $50.00 target price on NiSource in a research report on Thursday, February 12th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Citigroup raised their price objective on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. UBS Group boosted their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company upped their target price on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.64.

NiSource Stock Performance

Shares of NI stock opened at $46.98 on Monday. 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 firm has a fifty day moving average price of $45.75 and a 200 day moving average price of $43.66. The company has a market cap of $22.48 billion, a P/E ratio of 24.09, a PEG ratio of 3.83 and a beta of 0.64. NiSource has a 12 month low of $35.64 and a 12 month high of $47.96.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts predict that NiSource will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is 61.54%.

Institutional Trading of NiSource

Several institutional investors and hedge funds have recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd purchased a new stake in NiSource during the 3rd quarter valued at approximately $84,086,000. Capital International Investors increased its holdings in shares of NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after purchasing an additional 1,065,591 shares during the period. Inspire Advisors LLC purchased a new stake in shares of NiSource during the third quarter worth approximately $1,113,000. Drake & Associates LLC acquired a new stake in shares of NiSource during the third quarter worth $2,413,000. Finally, Alkeon Capital Management LLC grew its position in NiSource by 21.0% in the 3rd quarter. Alkeon Capital Management LLC now owns 3,100,500 shares of the utilities provider’s stock valued at $134,252,000 after buying an additional 539,000 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.