Brokerages Set NiSource, Inc (NYSE:NI) Price Target at $47.20

Shares of NiSource, Inc (NYSE:NI) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $47.6364.

Several research firms have issued reports on NI. BMO Capital Markets set a $50.00 price objective on NiSource in a report on Thursday, February 12th. Barclays set a $45.00 target price on NiSource in a research report on Monday, December 8th. KeyCorp assumed coverage on NiSource in a research note on Tuesday. They set an “overweight” rating and a $52.00 price target on the stock. Citigroup raised their price target on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd.

Institutional Investors Weigh In On NiSource

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in NiSource by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after acquiring an additional 1,032,630 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after acquiring an additional 8,240,227 shares during the last quarter. State Street Corp lifted its stake in shares of NiSource by 4.5% in the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after purchasing an additional 1,154,351 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of NiSource by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after purchasing an additional 245,110 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NiSource Trading Up 0.7%

NI opened at $46.98 on Friday. NiSource has a 1-year low of $35.64 and a 1-year high of $47.96. The stock has a market capitalization of $22.48 billion, a PE ratio of 24.09, a PEG ratio of 3.83 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $45.75 and a two-hundred day moving average price of $43.66.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts anticipate that NiSource will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s payout ratio is currently 61.54%.

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.