NiSource (NYSE:NI) Price Target Lowered to $45.00 at Barclays

NiSource (NYSE:NI) had its price objective trimmed by Barclays from $51.00 to $45.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

NI has been the topic of several other reports. BMO Capital Markets decreased their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. KeyCorp dropped their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company increased their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada began coverage on NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.70.

NiSource Trading Down 1.6%

Shares of NYSE:NI opened at $42.69 on Friday. The stock has a 50 day moving average of $46.33 and a 200 day moving average of $46.40. The company has a market cap of $20.47 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 3.23 and a beta of 0.55. NiSource has a 12-month low of $38.45 and a 12-month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.56 and a debt-to-equity ratio of 1.31.

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

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is 59.70%.

Insiders Place Their Bets

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the sale, the executive vice president owned 117,899 shares in the company, valued at approximately $5,563,653.81. The trade was a 7.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On NiSource

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP boosted its position in shares of NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after acquiring an additional 11,671 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of NiSource during the 1st quarter valued at approximately $105,000. Bank of Nova Scotia grew its holdings in shares of NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares in the last quarter. Finally, AXA S.A. purchased a new position in shares of NiSource in the second quarter valued at $1,054,000. 91.64% of the stock is owned by institutional investors.

About NiSource

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.