NiSource (NYSE:NI) Given New $49.00 Price Target at Wells Fargo & Company

NiSource (NYSE:NI) had its price target increased by Wells Fargo & Company from $47.00 to $49.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

NI has been the subject of several other research reports. Evercore ISI increased their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $50.00 in a report on Friday, October 31st. Mizuho boosted their price objective on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.89.

NiSource Trading Down 1.2%

Shares of NI opened at $43.40 on Tuesday. NiSource has a twelve month low of $35.64 and a twelve month high of $44.88. The firm has a market capitalization of $20.71 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.72 and a beta of 0.65. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $42.34 and its 200 day simple moving average is $42.17.

NiSource (NYSE:NI) last announced its quarterly earnings results 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same quarter in the prior year, the company earned $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. On average, equities research analysts forecast that NiSource will post 1.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction 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 $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NiSource

Several institutional investors and hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC increased its position in shares of NiSource by 90.7% during the second 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 period. Hantz Financial Services Inc. boosted its position in NiSource by 2,668.0% during the 2nd 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 in the last quarter. Country Trust Bank purchased a new position in shares of NiSource during the 2nd quarter worth approximately $28,000. REAP Financial Group LLC purchased a new position in shares of NiSource during the 3rd quarter worth approximately $32,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of NiSource in the 2nd quarter worth approximately $32,000. 91.64% of the stock is owned by hedge funds and other 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.