KeyCorp Issues Negative Forecast for NiSource Earnings

NiSource, Inc (NYSE:NI) – Analysts at KeyCorp cut their Q2 2026 earnings per share estimates for shares of NiSource in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.17. KeyCorp currently has a “Overweight” rating and a $50.00 target price on the stock. The consensus estimate for NiSource’s current full-year earnings is $2.05 per share. KeyCorp also issued estimates for NiSource’s Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.56 EPS, FY2027 earnings at $2.44 EPS, FY2028 earnings at $2.71 EPS and FY2029 earnings at $3.00 EPS.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting 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 the consensus estimate of $2.52 billion. During the same period in the prior year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Royal Bank Of Canada began coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. Wells Fargo & Company increased their price target on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Barclays raised their price objective on NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday. Finally, Evercore set a $52.00 target price on NiSource in a report on Monday, May 11th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Stock Down 0.2%

Shares of NYSE NI opened at $46.66 on Friday. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.48 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource has a 12 month low of $38.45 and a 12 month high of $49.21. The stock has a 50-day moving average price of $46.90 and a two-hundred day moving average price of $46.26.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Insiders Place Their Bets

In related news, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the sale, the executive vice president owned 117,899 shares of the company’s stock, valued at $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the 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 owned 35,990 shares of the company’s stock, valued at $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On NiSource

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

Key Stories Impacting NiSource

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp kept an Overweight rating on NiSource and reiterated a $50 price target, implying upside from current levels and signaling continued analyst confidence in the utility’s valuation. Benzinga report
• Positive Sentiment: KeyCorp raised its FY2027, FY2028, and FY2029 EPS estimates for NiSource, suggesting improving earnings power over the next several years and supporting the stock’s longer-term investment case.
• Positive Sentiment: Wells Fargo reportedly initiated or maintained a Buy view on NiSource, adding to the positive analyst backdrop around the stock. Nisource (NI) Gets a Buy from Wells Fargo
• Neutral Sentiment: KeyCorp trimmed near-term EPS estimates for Q2, Q3, and Q4 2026, which may temper enthusiasm somewhat, but the reductions were relatively small and did not change the firm’s overall positive stance.
• Neutral Sentiment: Consensus full-year earnings remain at about $2.05 per share, so the latest analyst revisions do not materially alter the broad earnings outlook yet.

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.