Analysts Set NiSource, Inc (NYSE:NI) Price Target at $46.67

Shares of NiSource, Inc (NYSE:NI) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $46.6667.

NI has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Mizuho raised their price target on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and lifted their price target for the company from $46.00 to $50.00 in a report on Friday, October 31st. BMO Capital Markets upped their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NI. Cullen Frost Bankers Inc. increased its position in NiSource by 181.7% in the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 941 shares during the last quarter. Magnetar Financial LLC increased its holdings in shares of NiSource by 195.5% in the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock worth $7,380,000 after buying an additional 121,043 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in shares of NiSource by 10.6% in the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock worth $13,737,000 after buying an additional 32,595 shares during the last quarter. Williamson Legacy Group LLC raised its position in shares of NiSource by 138.7% during the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock valued at $1,199,000 after buying an additional 17,271 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NiSource by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock valued at $170,070,000 after acquiring an additional 55,515 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Up 0.9%

NYSE:NI opened at $43.93 on Monday. The firm has a market capitalization of $20.96 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.70 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average of $42.35 and a 200 day moving average of $42.08. NiSource has a 52 week low of $35.64 and a 52 week high of $44.88.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter in the previous year, the firm posted $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. On average, research analysts predict that NiSource will post 1.91 earnings per share for the current year.

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.