NiSource (NYSE:NI) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of NiSource (NYSE:NI) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other research firms have also recently weighed in on NI. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $50.00 in a report on Friday, October 31st. BMO Capital Markets increased their price objective on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Barclays lifted their price objective on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Mizuho boosted their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI increased their target price on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.44.

NiSource Trading Up 0.3%

NYSE:NI opened at $42.01 on Friday. The stock has a fifty day moving average price of $43.16 and a 200 day moving average price of $41.58. The firm has a market cap of $20.05 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.81 and a beta of 0.63. NiSource has a 12-month low of $35.36 and a 12-month high of $44.88. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same quarter last year, the firm earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Sell-side analysts anticipate that NiSource will post 1.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the completion of the sale, the executive vice president directly owned 41,247 shares of the company’s stock, valued at $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NI. Orion Porfolio Solutions LLC grew its stake in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. Norges Bank acquired a new stake in shares of NiSource during the 2nd quarter worth about $296,543,000. Vanguard Group Inc. lifted its holdings in NiSource by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after purchasing an additional 3,050,420 shares during the last quarter. Millennium Management LLC raised its stake in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after acquiring an additional 3,033,764 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of NiSource by 12.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock valued at $962,997,000 after acquiring an additional 2,650,827 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.