NiSource, Inc (NYSE:NI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of NiSource, Inc (NYSE:NI) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $46.6667.

NI has been the subject of several research analyst reports. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. BMO Capital Markets lifted their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Evercore ISI raised their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Monday.

NiSource Price Performance

NYSE:NI opened at $41.21 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The firm has a market cap of $19.66 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. NiSource has a 12 month low of $35.36 and a 12 month high of $44.88. The company’s 50-day moving average price is $42.83 and its two-hundred day moving average price is $41.72.

NiSource (NYSE:NI) last posted its earnings results 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter last year, the firm posted $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. On average, equities analysts anticipate 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 the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the sale, the executive vice president owned 41,247 shares in the company, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NI. Cullen Frost Bankers Inc. increased its stake in NiSource by 181.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $59,000 after buying an additional 941 shares during the last quarter. Magnetar Financial LLC lifted its holdings in NiSource by 195.5% during the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock worth $7,380,000 after purchasing an additional 121,043 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in NiSource by 10.6% in the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock valued at $13,737,000 after purchasing an additional 32,595 shares during the period. Charles Schwab Investment Management Inc. increased its stake in NiSource by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock worth $170,070,000 after acquiring an additional 55,515 shares during the period. Finally, Williamson Legacy Group LLC lifted its stake in NiSource by 138.7% during the second quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock worth $1,199,000 after purchasing an additional 17,271 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.