NiSource, Inc (NYSE:NI) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

A number of analysts have commented on NI shares. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. BMO Capital Markets raised their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Barclays set a $45.00 price target on shares of NiSource in a report on Monday, December 8th. Finally, Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th.

Insider Transactions at NiSource

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

Institutional Trading of NiSource

Several institutional investors have recently made changes to their positions in NI. NewEdge Advisors LLC lifted its holdings in NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares in the last quarter. Woodline Partners LP raised its position in shares of NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after buying an additional 11,671 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of NiSource by 24.1% in the first quarter. Geneos Wealth Management Inc. now owns 8,319 shares of the utilities provider’s stock worth $334,000 after buying an additional 1,615 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in NiSource in the 1st quarter worth $105,000. Finally, First Hawaiian Bank boosted its holdings in shares of NiSource by 6.7% during the 1st quarter. First Hawaiian Bank now owns 21,470 shares of the utilities provider’s stock valued at $861,000 after purchasing an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Up 1.2%

Shares of NI stock opened at $42.06 on Monday. The company has a 50 day simple moving average of $42.32 and a two-hundred day simple moving average of $42.00. The stock has a market cap of $20.07 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.60 and a beta of 0.65. NiSource has a 12 month low of $35.64 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.

NiSource (NYSE:NI) last issued 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). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $983.25 million. During the same period in the previous year, the firm 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. On average, research analysts expect that NiSource will post 1.91 earnings per share for the current year.

About NiSource

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.