NiSource, Inc (NYSE:NI) Stock Has Average Price Target of $48.58

NiSource, Inc (NYSE:NI) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $48.58.

NI has been the subject of several research reports. Royal Bank Of Canada started coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target for the company. KeyCorp cut their target price on shares of NiSource from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday. Mizuho reduced their target price on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, August 26th. Barclays decreased their price target on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Scotiabank assumed coverage on shares of NiSource in a research note on Tuesday, September 29th. They set a “sector perform” rating and a $43.00 price target on the stock.

NiSource Price Performance

Shares of NI opened at $41.49 on Wednesday. The company has a market capitalization of $19.90 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 3.08 and a beta of 0.55. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. NiSource has a twelve month low of $38.42 and a twelve month high of $49.21. The firm has a 50 day moving average of $40.97 and a 200 day moving average of $44.84.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%. During the same period last year, the company earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that NiSource will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.9%. NiSource’s payout ratio is currently 63.83%.

Insider Buying and Selling at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On NiSource

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of NiSource during the 2nd quarter worth approximately $2,613,234,000. T. Rowe Price Investment Management Inc. increased its holdings in NiSource by 19.0% during the 4th 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. Deutsche Bank AG bought a new stake in NiSource during the 2nd quarter valued at $574,295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NiSource by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,381,989 shares of the utilities provider’s stock worth $208,364,000 after buying an additional 183,321 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of NiSource during the 2nd quarter worth $179,838,000. Institutional investors own 91.64% of the company’s stock.

NiSource Company Profile

NiSource Inc (NYSE:NI) is a regulated utility company that delivers natural gas and electricity to residential, commercial and industrial customers. Its operations are primarily conducted through local utility subsidiaries, including Columbia Gas and Northern Indiana Public Service Company (NIPSCO).

NiSource’s natural gas businesses distribute gas through networks serving customers in Ohio, Pennsylvania, Virginia, Maryland and Kentucky. NIPSCO provides regulated natural gas and electric service in northern Indiana, where the company also operates electric generation and transmission and distribution infrastructure.