Wells Fargo & Company Forecasts Strong Price Appreciation for NiSource (NYSE:NI) Stock

NiSource (NYSE:NI) had its price objective boosted by equities research analysts at Wells Fargo & Company from $51.00 to $52.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 9.77% from the company’s previous close.

Other research analysts have also issued reports about the company. Citigroup upped their target price on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. KeyCorp assumed coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. Barclays increased their price objective on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.90.

NiSource Stock Down 0.3%

NI stock traded down $0.14 during midday trading on Thursday, reaching $47.37. The company had a trading volume of 1,569,668 shares, compared to its average volume of 4,308,705. The company has a 50 day moving average of $47.12 and a two-hundred day moving average of $44.55. The company has a market capitalization of $22.71 billion, a P/E ratio of 24.27, a PEG ratio of 3.85 and a beta of 0.57. NiSource has a 1 year low of $37.22 and a 1 year high of $48.98. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last posted 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 net margin of 13.99% and a return on equity of 8.07%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of NiSource by 60.1% in the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares during the period. Woodline Partners LP increased its position in NiSource by 41.6% in the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after buying an additional 11,671 shares during the period. Acadian Asset Management LLC bought a new position in NiSource in the 1st quarter worth approximately $105,000. Bank of Nova Scotia lifted its holdings in shares of NiSource by 0.5% during the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after buying an additional 266 shares during the last quarter. Finally, AXA S.A. bought a new stake in shares of NiSource in the second quarter valued at approximately $1,054,000. Institutional investors own 91.64% of the company’s stock.

NiSource News Summary

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: Management raised its long‑term ambition, signaling a 9%–10% EPS CAGR through 2033 and increasing 2033 GenCo EPS to $0.40–$0.60 — a bullish signal for multi‑year earnings power. Article Title
• Positive Sentiment: Executives highlighted accelerating demand from data centers as a growth driver and reiterated an upbeat growth outlook on the earnings call — a structural demand trend that could lift future revenue and returns. Article Title
• Positive Sentiment: NiSource earned top sustainability honors from Dow Jones and MSCI, supporting ESG credentials that can favor institutional investor interest. Article Title
• Neutral Sentiment: Q1 EPS of $1.06 matched analyst estimates and rose year-over-year from $0.85, removing near-term earnings surprise risk. Article Title
• Neutral Sentiment: NiSource set FY‑2026 EPS guidance of $2.020–2.070 (consensus ~2.06), roughly in line with expectations but not meaningfully better — a calming but unspectacular outlook for the year. Press Release
• Negative Sentiment: Revenue for Q1 missed estimates ($2.36B reported vs. ~$2.52B expected), which likely prompted near‑term investor concern about demand/timing or rate recovery. Article Title
• Negative Sentiment: Management mapped ~$28.6B of capex for 2026–2030 — supports growth but raises execution, cash‑flow and financing risks in the near term. Article Title

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.