NiSource (NYSE:NI) Downgraded by Wall Street Zen to “Sell”

NiSource (NYSE:NI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and increased their price target for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Monday. Zacks Research raised NiSource to a “hold” rating in a report on Monday, August 11th. Barclays upped their price objective on NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Finally, Mizuho lifted their target price on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and an average price target of $46.44.

NiSource Trading Up 0.3%

NiSource stock opened at $42.01 on Friday. The stock has a 50-day moving average price of $43.16 and a 200 day moving average price of $41.57. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63. NiSource has a 52 week low of $35.36 and a 52 week high of $44.88. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29.

NiSource (NYSE:NI) last posted its quarterly 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). NiSource had a return on equity of 8.09% and a net margin of 14.15%.The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same period in the prior year, the business posted $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. Sell-side analysts anticipate that NiSource will post 1.91 EPS for the current year.

Insider Buying and Selling at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the transaction, the executive vice president directly 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 filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of NiSource

Institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC raised its stake in NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after buying an additional 667 shares in the last quarter. Country Trust Bank purchased a new stake in shares of NiSource during the second quarter worth $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of NiSource in the second quarter valued at about $32,000. Finally, REAP Financial Group LLC purchased a new position in shares of NiSource in the third quarter worth about $32,000. 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.