NiSource (NYSE:NI) Upgraded to Hold at Wall Street Zen

NiSource (NYSE:NI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.00 to $50.00 in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Monday, December 8th. BMO Capital Markets lifted their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Evercore ISI upped their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average price target of $46.33.

NiSource Trading Down 0.7%

NYSE:NI opened at $41.39 on Friday. NiSource has a 12 month low of $35.36 and a 12 month high of $44.88. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $19.75 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.77 and a beta of 0.63. The firm has a fifty day simple moving average of $42.97 and a two-hundred day simple moving average of $41.67.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period last year, the company earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Analysts expect that NiSource will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the sale, the executive vice president owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On NiSource

A number of hedge funds have recently modified their holdings of the stock. Crewe Advisors LLC grew its holdings in NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the period. Hantz Financial Services Inc. raised its stake in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after buying an additional 667 shares during the period. Country Trust Bank bought a new position in shares of NiSource during the 2nd quarter worth $28,000. Ameritas Advisory Services LLC purchased a new stake in NiSource in the 2nd quarter worth about $32,000. Finally, REAP Financial Group LLC bought a new stake in NiSource in the 3rd quarter valued at about $32,000. Institutional investors own 91.64% of the company’s stock.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.