NiSource (NYSE:NI) Hits New 12-Month Low – What’s Next?

NiSource, Inc (NYSE:NI)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $38.86 and last traded at $38.9010, with a volume of 172 shares. The stock had previously closed at $39.10.

Analysts Set New Price Targets

NI has been the subject of a number of recent research reports. Scotiabank began coverage on shares of NiSource in a research note on Tuesday. They set a “sector perform” rating and a $43.00 price target for the company. BMO Capital Markets decreased their price target on shares of NiSource from $49.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday. Weiss Ratings cut NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. KeyCorp lowered their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, LADENBURG THALM/SH SH cut their target price on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.75.

NiSource Stock Down 0.2%

The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The firm has a market cap of $18.71 billion, a PE ratio of 20.74, a PEG ratio of 2.94 and a beta of 0.54. The company’s 50-day simple moving average is $42.14 and its two-hundred day simple moving average is $45.32.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio is presently 63.83%.

Insider Buying and Selling

In other news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NiSource

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of NiSource during the second quarter worth $2,613,234,000. T. Rowe Price Investment Management Inc. lifted its position in shares of NiSource by 19.0% during the 4th 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 buying an additional 8,240,227 shares during the last quarter. Deutsche Bank AG purchased a new stake in NiSource in the second quarter valued at approximately $574,295,000. Geode Capital Management LLC raised 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 valued at $518,301,000 after buying an additional 245,110 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of NiSource by 0.4% during the fourth quarter. Capital International Investors now owns 8,167,328 shares of the utilities provider’s stock worth $341,068,000 after purchasing an additional 31,171 shares during the period. 91.64% of the stock is owned by institutional investors.

NiSource Company Profile

NiSource Inc (NYSE: NI) is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.