Analysts Set NiSource, Inc (NYSE:NI) Target Price at $49.64

Shares of NiSource, Inc (NYSE:NI) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $49.6364.

Several brokerages have issued reports on NI. Mizuho dropped their target price on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Weiss Ratings lowered shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. BMO Capital Markets lowered their price target 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. Barclays dropped their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Finally, KeyCorp cut their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd.

Insider Transactions at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president directly owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On NiSource

Hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. boosted its position in NiSource by 26.8% during the second quarter. QRG Capital Management Inc. now owns 17,816 shares of the utilities provider’s stock valued at $847,000 after purchasing an additional 3,770 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in NiSource by 29.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,773 shares of the utilities provider’s stock worth $607,000 after purchasing an additional 2,909 shares in the last quarter. Tidal Investments LLC raised its holdings in NiSource by 44.8% in the second quarter. Tidal Investments LLC now owns 545,461 shares of the utilities provider’s stock worth $25,937,000 after purchasing an additional 168,704 shares in the last quarter. National Pension Service lifted its position in shares of NiSource by 68.3% during the second quarter. National Pension Service now owns 74,156 shares of the utilities provider’s stock valued at $3,526,000 after buying an additional 30,098 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its position in shares of NiSource by 59.1% during the second quarter. WINTON GROUP Ltd now owns 32,211 shares of the utilities provider’s stock valued at $1,532,000 after buying an additional 11,963 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Trading Down 1.6%

Shares of NYSE NI opened at $39.25 on Friday. NiSource has a twelve month low of $39.00 and a twelve month high of $49.21. The firm has a market cap of $18.82 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.97 and a beta of 0.54. The business has a fifty day simple moving average of $42.54 and a two-hundred day simple moving average of $45.48. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter in the prior year, the company earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts expect that NiSource will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. NiSource’s dividend payout ratio is currently 63.83%.

About NiSource

NiSource Inc (NYSE: NI) is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.