What is KeyCorp’s Forecast for NiSource FY2026 Earnings?

NiSource, Inc (NYSE:NI) – Stock analysts at KeyCorp upped their FY2026 earnings estimates for shares of NiSource in a research note issued to investors on Wednesday, July 22nd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $2.28 for the year, up from their prior estimate of $2.06. 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.

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

A number of other analysts have also weighed in on NI. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $52.00 price target on NiSource in a research report on Monday, May 11th. BMO Capital Markets decreased their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, Barclays raised their price objective on NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.30.

NiSource Stock Performance

Shares of NI stock opened at $45.80 on Monday. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 3.42 and a beta of 0.55. NiSource has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $46.89 and its 200 day moving average is $46.32.

NiSource Dividend Announcement

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

Insider Activity at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the transaction, the executive vice president directly owned 116,036 shares in the company, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

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