KeyCorp Has Lowered Expectations for NiSource (NYSE:NI) Stock Price

NiSource (NYSE:NI) had its price objective decreased by investment analysts at KeyCorp from $52.00 to $50.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target would indicate a potential upside of 7.17% from the stock’s current price. KeyCorp also issued estimates for NiSource’s Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.56 EPS, FY2027 earnings at $2.44 EPS, FY2028 earnings at $2.71 EPS and FY2029 earnings at $3.00 EPS.

Other equities research analysts have also issued reports about the stock. Evercore set a $52.00 target price on shares of NiSource in a research report on Monday, May 11th. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Wells Fargo & Company upped their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Barclays increased their target price on NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BMO Capital Markets lowered their price target on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.30.

NiSource Price Performance

Shares of NYSE NI opened at $46.66 on Thursday. The stock’s 50-day simple moving average is $46.90 and its two-hundred day simple moving average is $46.26. NiSource has a twelve month low of $38.45 and a twelve month high of $49.21. The firm has a market capitalization of $22.37 billion, a P/E ratio of 23.21, a P/E/G ratio of 3.48 and a beta of 0.55. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts anticipate that NiSource will post 2.05 EPS for the current fiscal year.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is owned by insiders.

Institutional Investors Weigh In On NiSource

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

Trending Headlines about NiSource

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp kept an Overweight rating on NiSource and reiterated a $50 price target, implying upside from current levels and signaling continued analyst confidence in the utility’s valuation. Benzinga report
• Positive Sentiment: KeyCorp raised its FY2027, FY2028, and FY2029 EPS estimates for NiSource, suggesting improving earnings power over the next several years and supporting the stock’s longer-term investment case.
• Positive Sentiment: Wells Fargo reportedly initiated or maintained a Buy view on NiSource, adding to the positive analyst backdrop around the stock. Nisource (NI) Gets a Buy from Wells Fargo
• Neutral Sentiment: KeyCorp trimmed near-term EPS estimates for Q2, Q3, and Q4 2026, which may temper enthusiasm somewhat, but the reductions were relatively small and did not change the firm’s overall positive stance.
• Neutral Sentiment: Consensus full-year earnings remain at about $2.05 per share, so the latest analyst revisions do not materially alter the broad earnings outlook yet.

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.