NiSource (NYSE:NI) Given New $50.00 Price Target at KeyCorp

NiSource (NYSE:NI) had its price target trimmed by KeyCorp from $52.00 to $50.00 in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. Citigroup raised their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company lifted their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Stock Up 0.3%

Shares of NiSource stock opened at $46.71 on Thursday. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 3.47 and a beta of 0.55. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource has a 52-week low of $38.45 and a 52-week high of $49.21. The stock has a 50-day simple moving average of $46.89 and a 200-day simple moving average of $46.26.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts expect that NiSource will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio is presently 59.70%.

Insider Buying and Selling

In other news, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,500 shares of company stock valued at $1,305,675 in the last ninety days. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC grew its position in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after purchasing an additional 8,240,227 shares during the period. Norges Bank acquired a new position in shares of NiSource during the 4th quarter worth about $336,852,000. Millennium Management LLC lifted its position in shares of NiSource by 2,288.8% during the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after purchasing an additional 3,033,764 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in NiSource during the 4th quarter valued at approximately $100,965,000. 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.