NiSource (NYSE:NI) Upgraded to Strong-Buy at KeyCorp

NiSource (NYSE:NI) was upgraded by KeyCorp to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NI has been the subject of a number of other reports. Mizuho raised their price objective on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Friday. Barclays set a $45.00 price target on shares of NiSource in a research report on Monday, December 8th. Wells Fargo & Company boosted their price target on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets set a $50.00 price objective on shares of NiSource in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $47.64.

NiSource Trading Up 0.2%

Shares of NiSource stock opened at $46.58 on Monday. The stock has a 50 day moving average of $45.69 and a 200 day moving average of $43.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.81 and a beta of 0.64. NiSource has a fifty-two week low of $35.64 and a fifty-two week high of $47.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NI. NewEdge Advisors LLC increased its stake in NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares during the period. Woodline Partners LP grew its stake in shares of NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of NiSource in the first quarter worth $105,000. Steward Partners Investment Advisory LLC increased its position in shares of NiSource by 16.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,260 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 459 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of NiSource by 5.1% during the second quarter. J.W. Cole Advisors Inc. now owns 8,001 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 390 shares during the period. Institutional investors and hedge funds 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.