NiSource (NYSE:NI) Stock Price Target Cut by JPMorgan Chase & Co.

NiSource (NYSE:NI) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $52.00 to $51.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 19.16% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of NiSource from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Monday. LADENBURG THALM/SH SH cut their target price on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Weiss Ratings cut NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Royal Bank Of Canada initiated coverage on NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target on the stock. Finally, Mizuho lowered their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus price target of $48.62.

NiSource Trading Up 2.0%

Shares of NI traded up $0.85 during trading on Tuesday, reaching $42.80. 997,155 shares of the company traded hands, compared to its average volume of 4,716,817. NiSource has a twelve month low of $38.42 and a twelve month high of $49.21. The stock has a market cap of $20.52 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The stock has a 50-day simple moving average of $40.90 and a 200-day simple moving average of $44.72. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

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

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the 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 sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NiSource

Institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors raised its holdings in shares of NiSource by 3.2% in the 4th quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 247 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of NiSource by 1.1% during the 2nd quarter. Contravisory Investment Management Inc. now owns 24,118 shares of the utilities provider’s stock worth $1,147,000 after purchasing an additional 254 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of NiSource by 2.7% during the 1st quarter. Pathway Financial Advisers LLC now owns 9,846 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 262 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of NiSource by 35.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,339 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 353 shares during the last quarter. Finally, CX Institutional grew its stake in shares of NiSource by 5.5% during the second quarter. CX Institutional now owns 7,050 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 366 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

About NiSource

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.