NiSource (NYSE:NI) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of NiSource (NYSE:NI) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $52.00 target price on the utilities provider’s stock.

Several other analysts have also issued reports on the stock. UBS Group raised their price target 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. BMO Capital Markets set a $50.00 target price on shares of NiSource in a research note on Thursday, February 12th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Friday. Finally, Mizuho upped their price target on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.64.

NiSource Stock Up 0.2%

Shares of NI stock opened at $46.58 on Tuesday. NiSource has a 12 month low of $35.64 and a 12 month high of $47.96. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm has a market cap of $22.29 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 3.81 and a beta of 0.64. The stock has a 50 day moving average of $45.69 and a 200-day moving average of $43.63.

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

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be paid a $0.30 dividend. 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 is currently 61.54%.

Institutional Trading of NiSource

Institutional investors have recently made changes to their positions in the business. Strive Financial Group LLC bought a new position in NiSource during the fourth quarter worth about $26,000. Zions Bancorporation National Association UT grew its stake in shares of NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 330 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of NiSource in the 4th quarter worth approximately $27,000. DV Equities LLC bought a new position in shares of NiSource during the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of NiSource during the 4th quarter worth approximately $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.