Q1 Earnings Forecast for NiSource Issued By KeyCorp

NiSource, Inc (NYSE:NI) – Research analysts at KeyCorp issued their Q1 2026 earnings estimates for shares of NiSource in a research note issued on Monday, March 30th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings per share of $1.07 for the quarter. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for NiSource’s current full-year earnings is $1.91 per share. KeyCorp also issued estimates for NiSource’s Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.20 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.06 EPS, FY2027 earnings at $2.28 EPS, FY2028 earnings at $2.42 EPS, FY2029 earnings at $2.67 EPS and FY2030 earnings at $2.93 EPS.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same period in the prior year, the business posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

NI has been the subject of several other research reports. Barclays set a $45.00 price objective on NiSource in a research report on Monday, December 8th. Wells Fargo & Company lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. BMO Capital Markets set a $50.00 price target on shares of NiSource in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Friday, March 27th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Trading Up 1.2%

Shares of NI stock opened at $47.46 on Thursday. The business has a 50-day moving average of $45.83 and a 200 day moving average of $43.68. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. NiSource has a 1-year low of $35.64 and a 1-year high of $47.96. The stock has a market capitalization of $22.75 billion, a PE ratio of 24.34, a P/E/G ratio of 3.84 and a beta of 0.61.

Institutional Trading of NiSource

Several large investors have recently added to or reduced their stakes in NI. Hsbc Holdings PLC lifted its position in shares of NiSource by 7.7% in the 4th quarter. Hsbc Holdings PLC now owns 742,753 shares of the utilities provider’s stock worth $31,027,000 after purchasing an additional 53,167 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of NiSource by 48.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 691,175 shares of the utilities provider’s stock valued at $28,864,000 after purchasing an additional 225,739 shares in the last quarter. World Investment Advisors increased its position in shares of NiSource by 3.2% during the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock valued at $329,000 after buying an additional 247 shares during the period. Corient Private Wealth LLC increased its position in shares of NiSource by 16.2% during the fourth quarter. Corient Private Wealth LLC now owns 82,229 shares of the utilities provider’s stock valued at $3,435,000 after buying an additional 11,485 shares during the period. Finally, SHP Wealth Management bought a new position in NiSource in the fourth quarter worth about $178,000. Institutional investors own 91.64% of the company’s stock.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 30th. NiSource’s dividend payout ratio is currently 61.54%.

NiSource News Roundup

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp initiated coverage on NiSource with a “Strong-Buy” and detailed quarterly and multi-year EPS forecasts (FY2026: $2.06; FY2027: $2.28; FY2028: $2.42; FY2029: $2.67; FY2030: $2.93). That outlook signals above-consensus growth expectations and helps explain buying interest. NiSource (NYSE:NI) Coverage Initiated at KeyCorp
• Positive Sentiment: KeyCorp’s quarterly detail (Q1 2026: $1.07; Q2: $0.17; Q3: $0.20; Q4: $0.62) indicates stronger first-half earnings skew and a full-year FY2026 view roughly in line with NiSource’s own guidance (NiSource guidance: ~$2.02–2.07 for FY2026), which increases credibility of the estimate-driven rally. KeyCorp EPS Detail
• Positive Sentiment: Zacks included NiSource among defensive utility picks in a roundup, which can attract risk‑averse investors seeking stable earnings and dividends in uncertain macro conditions. Consumer Confidence Climbs But Economic Woes Remain: 4 Utility Picks
• Neutral Sentiment: Brokerage coverage shows a price target of $47.20, which is close to the current trading level — supportive but suggesting limited immediate upside unless estimates or guidance move materially higher. Brokerages Set NiSource, Inc (NYSE:NI) Price Target at $47.20

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.