NiSource (NYSE:NI) Earns Overweight Rating from Analysts at KeyCorp

Analysts at KeyCorp initiated coverage on shares of NiSource (NYSE:NI) in a research report issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $52.00 price target on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 11.66% from the company’s previous close.

A number of other research firms have also recently issued reports on NI. Barclays set a $45.00 price objective on shares of NiSource in a research report on Monday, December 8th. Citigroup boosted their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. UBS Group upped their price target on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets set a $50.00 price target on NiSource in a research note on Thursday, February 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Friday. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Stock Performance

NYSE:NI opened at $46.57 on Tuesday. NiSource has a twelve month low of $35.64 and a twelve month high of $47.96. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock’s 50-day simple moving average is $45.63 and its 200 day simple moving average is $43.59. The firm has a market capitalization of $22.28 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 3.77 and a beta of 0.64.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts anticipate that NiSource will post 1.91 EPS for the current fiscal year.

Hedge Funds Weigh In On NiSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in NI. Advisory Services Network LLC lifted its holdings in shares of NiSource by 1.5% during the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in NiSource by 1.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 225 shares during the period. Tower Bridge Advisors raised its position in NiSource by 1.1% during the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 232 shares during the last quarter. Choreo LLC raised its position in NiSource by 2.7% during the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 234 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its holdings in NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after buying an additional 240 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.