Wells Fargo & Company Increases NiSource (NYSE:NI) Price Target to $49.00

NiSource (NYSE:NI) had its price objective increased by equities research analysts at Wells Fargo & Company from $47.00 to $49.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.91% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets increased their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Mizuho increased their price objective on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Evercore ISI lifted their target price on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. UBS Group upped their price target on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Barclays set a $45.00 price target on NiSource in a research report on Monday, December 8th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.89.

NiSource Price Performance

NI stock opened at $43.79 on Tuesday. The business’s fifty day moving average price is $42.34 and its 200 day moving average price is $42.18. 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. The company has a market capitalization of $20.89 billion, a PE ratio of 23.17, a P/E/G ratio of 2.69 and a beta of 0.65.

NiSource (NYSE:NI) last released its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same period in the prior year, the firm earned $0.20 earnings per share. 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, sell-side analysts anticipate that NiSource will post 1.91 EPS for the current year.

Insider Activity at NiSource

In other 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 owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On NiSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NI. NewEdge Advisors LLC raised its holdings in NiSource by 60.1% during the first 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 grew its position in shares of NiSource by 41.6% in the 1st 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. Acadian Asset Management LLC acquired a new stake in NiSource during the 1st quarter worth $105,000. Wealth Enhancement Advisory Services LLC raised its stake in NiSource by 2.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,049 shares of the utilities provider’s stock worth $2,019,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in NiSource by 4.5% in the second quarter. Farther Finance Advisors LLC now owns 14,148 shares of the utilities provider’s stock valued at $571,000 after acquiring an additional 606 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.