NiSource (NYSE:NI) Research Coverage Started at KeyCorp

KeyCorp initiated coverage on shares of NiSource (NYSE:NI) in a report released on Tuesday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $52.00 price objective on the utilities provider’s stock. KeyCorp also issued estimates for NiSource’s Q1 2026 earnings at $1.07 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.20 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.06 EPS, FY2027 earnings at $2.28 EPS, FY2028 earnings at $2.42 EPS, FY2029 earnings at $2.67 EPS and FY2030 earnings at $2.93 EPS.

Other research analysts have also issued research reports about the stock. Citigroup raised their price target on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Barclays set a $45.00 price objective on shares of NiSource in a research note on Monday, December 8th. Mizuho increased their price objective on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, BMO Capital Markets set a $50.00 target price on shares of NiSource in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and a consensus target price of $47.64.

NiSource Stock Up 1.2%

Shares of NYSE:NI opened at $47.46 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $22.75 billion, a P/E ratio of 24.34, a P/E/G ratio of 3.84 and a beta of 0.61. NiSource has a 52-week low of $35.64 and a 52-week high of $47.96. The stock’s fifty day simple moving average is $45.83 and its 200-day simple moving average is $43.68.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same quarter last 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, equities research analysts forecast that NiSource will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.20 annualized dividend and a yield of 2.5%. NiSource’s dividend payout ratio is presently 61.54%.

Institutional Trading of NiSource

A number of institutional investors and hedge funds have recently modified their holdings of NI. Zions Bancorporation National Association UT lifted its position in NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 330 shares during the last quarter. Strive Financial Group LLC acquired a new position in NiSource during the 4th quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in NiSource in the 4th quarter worth about $27,000. DV Equities LLC acquired a new stake in shares of NiSource in the fourth quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of NiSource in the fourth quarter valued at approximately $28,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Key NiSource News

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp initiated coverage on NiSource with a “Strong-Buy” and detailed quarterly and multi-year EPS forecasts (FY2026: $2.06; FY2027: $2.28; FY2028: $2.42; FY2029: $2.67; FY2030: $2.93). That outlook signals above-consensus growth expectations and helps explain buying interest. NiSource (NYSE:NI) Coverage Initiated at KeyCorp
• Positive Sentiment: KeyCorp’s quarterly detail (Q1 2026: $1.07; Q2: $0.17; Q3: $0.20; Q4: $0.62) indicates stronger first-half earnings skew and a full-year FY2026 view roughly in line with NiSource’s own guidance (NiSource guidance: ~$2.02–2.07 for FY2026), which increases credibility of the estimate-driven rally. KeyCorp EPS Detail
• Positive Sentiment: Zacks included NiSource among defensive utility picks in a roundup, which can attract risk‑averse investors seeking stable earnings and dividends in uncertain macro conditions. Consumer Confidence Climbs But Economic Woes Remain: 4 Utility Picks
• Neutral Sentiment: Brokerage coverage shows a price target of $47.20, which is close to the current trading level — supportive but suggesting limited immediate upside unless estimates or guidance move materially higher. Brokerages Set NiSource, Inc (NYSE:NI) Price Target at $47.20

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.