NiSource (NYSE:NI) Reaches New 12-Month High – Here’s Why

NiSource, Inc (NYSE:NI)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $47.24 and last traded at $47.2270, with a volume of 816768 shares traded. The stock had previously closed at $46.70.

Analyst Ratings Changes

A number of equities analysts have weighed in on NI shares. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. UBS Group boosted their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Wells Fargo & Company lifted their target price on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Mizuho boosted their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.20.

NiSource Stock Up 1.1%

The business’s fifty day simple moving average is $43.82 and its 200 day simple moving average is $42.89. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 3.88 and a beta of 0.65. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33.

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

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were given a $0.30 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from NiSource’s previous quarterly dividend of $0.28. NiSource’s dividend payout ratio is 61.54%.

Institutional Investors Weigh In On NiSource

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after purchasing an additional 1,032,630 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in NiSource by 19.0% during the fourth 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 acquiring an additional 8,240,227 shares in the last quarter. State Street Corp lifted its holdings in NiSource by 4.5% during the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after acquiring an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of NiSource by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after acquiring an additional 245,110 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

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.