NiSource (NI) – Research Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of NiSource (NYSE: NI) in the last few weeks:

• 10/31/2026 – NiSource was upgraded by Wall Street Zen from “sell” to “hold”.
• 10/22/2026 – NiSource is now covered by HSBC. They set a “buy” rating and a $49.50 price target on the stock.
• 10/21/2026 – NiSource had its “buy” rating reaffirmed by Citigroup.
• 10/20/2026 – NiSource had its price target lowered by JPMorgan Chase & Co. from $52.00 to $51.00. They now have an “overweight” rating on the stock.
• 10/19/2026 – NiSource had its price target raised by BMO Capital Markets from $45.00 to $48.00. They now have an “outperform” rating on the stock.
• 10/19/2026 – NiSource had its price target lowered by Barclays from $45.00 to $44.00. They now have an “overweight” rating on the stock.
• 10/14/2026 – NiSource had its price target lowered by Citigroup from $49.00 to $45.00. They now have a “neutral” rating on the stock.
• 10/13/2026 – NiSource had its price target lowered by KeyCorp from $50.00 to $48.00. They now have an “overweight” rating on the stock.
• 9/29/2026 – NiSource is now covered by Scotiabank. They set a “sector perform” rating and a $43.00 price target on the stock.
• 9/28/2026 – NiSource had its price target lowered by BMO Capital Markets from $49.00 to $45.00. They now have an “outperform” rating on the stock.
• 9/22/2026 – NiSource was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.

NiSource Stock Performance

Shares of NI stock traded up $0.29 during trading hours on Wednesday, hitting $44.91. 2,016,285 shares of the company were exchanged, compared to its average volume of 4,801,403. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 3.33 and a beta of 0.53. The firm has a fifty day simple moving average of $41.37 and a 200 day simple moving average of $44.85. NiSource, Inc has a 52-week low of $38.42 and a 52-week high of $49.21.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. NiSource had a return on equity of 8.16% and a net margin of 13.56%. During the same quarter in the prior year, the business earned $0.19 earnings per share. Research analysts predict that NiSource, Inc will post 2.06 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. NiSource’s dividend payout ratio is presently 61.54%.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shawn Anderson sold 6,500 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $45.00, for a total transaction of $292,500.00. Following the sale, the chief financial officer directly owned 160,080 shares in the company, valued at approximately $7,203,600. This trade represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.37% of the company’s stock.

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.