NiSource (NYSE:NI) Sets New 52-Week High – Still a Buy?

NiSource, Inc (NYSE:NI)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $48.83 and last traded at $48.3590, with a volume of 1480437 shares trading hands. The stock had previously closed at $47.72.

Key Stories Impacting NiSource

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: Long-term energy deals with Alphabet and expanded agreement with Amazon strengthen NiSource’s contracted demand outlook and could support multi-year revenue and infrastructure spend; the market treated the news as material positive for future cash flows. NiSource signs long-term power deal with Alphabet, expands Amazon agreement
• Positive Sentiment: Media coverage and trading reports show the stock jumped on the data-center deals, signaling investor enthusiasm and potential institutional buying that lifted volume. NiSource stock jumps 3% on data center deals with Alphabet, Amazon
• Positive Sentiment: Analyst/market commentary is highlighting NI as a low‑beta utility buy amid market volatility, which can attract defensive flows and support the stock’s near-term performance. 4 Low-Beta Utility Stocks to Buy Amid Record Low Consumer Confidence
• Neutral Sentiment: Q1 2026 preview: analysts expect single‑digit EPS growth for the quarter; results (and any guidance updates) will be the next catalyst and could either confirm the bullish view or temper enthusiasm. What to Expect From NiSource’s Q1 2026 Earnings Report
• Neutral Sentiment: Local community news (grant for carbon monoxide alarms) is not material to NiSource’s financials but appeared in news feeds. Fire rescue association receives grant for carbon monoxide alarms

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Friday, March 27th. Citigroup boosted their price objective on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. KeyCorp assumed coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. Finally, Barclays boosted their price objective on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $48.00.

NiSource Stock Up 1.3%

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 market capitalization of $23.16 billion, a P/E ratio of 24.78, a P/E/G ratio of 3.91 and a beta of 0.61. The company has a 50 day simple moving average of $46.62 and a two-hundred day simple moving average of $44.19.

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, topping the consensus estimate of $0.49 by $0.02. NiSource had a return on equity of 8.07% and a net margin of 13.99%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, April 30th. NiSource’s dividend payout ratio is presently 61.54%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its stake in NiSource by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NiSource by 1.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after purchasing an additional 225 shares during the period. Tower Bridge Advisors boosted its stake in NiSource by 1.1% in the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 232 shares during the period. Choreo LLC boosted its stake in NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 234 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in NiSource by 1.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 240 shares during the period. 91.64% of the stock is currently owned by institutional investors.

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.