KeyCorp Analysts Decrease Earnings Estimates for NiSource

NiSource, Inc (NYSE:NI) – Investment analysts at KeyCorp reduced their Q2 2026 EPS estimates for shares of NiSource in a note issued to investors on Wednesday, July 22nd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.17. KeyCorp has a “Overweight” rating and a $50.00 price objective on the stock. The consensus estimate for NiSource’s current full-year earnings is $2.08 per share. KeyCorp also issued estimates for NiSource’s 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.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period in the previous year, the business earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

NI has been the subject of a number of other reports. Barclays lifted their price objective on NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company raised their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada began coverage on shares of NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. BMO Capital Markets dropped their target price on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.30.

NiSource Stock Performance

Shares of NI stock opened at $46.66 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource has a 1-year low of $38.45 and a 1-year high of $49.21. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 3.47 and a beta of 0.55. The stock’s fifty day simple moving average is $46.90 and its 200-day simple moving average is $46.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new stake in shares of NiSource during the fourth quarter worth about $26,000. Zions Bancorporation National Association UT increased its stake in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in NiSource during the 4th quarter worth approximately $27,000. DV Equities LLC acquired a new stake in NiSource during the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NiSource during the 4th quarter worth approximately $28,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were 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 owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,500 shares of company stock valued at $1,305,675 in the last ninety days. Insiders own 0.37% of the company’s stock.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio is presently 59.70%.

Key Headlines Impacting 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.