LADENBURG THALM/SH SH Has Lowered Expectations for NiSource (NYSE:NI) Stock Price

NiSource (NYSE:NI) had its price target reduced by research analysts at LADENBURG THALM/SH SH from $51.50 to $51.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. LADENBURG THALM/SH SH’s price target suggests a potential upside of 21.07% from the stock’s previous close.

A number of other brokerages have also recently commented on NI. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Wells Fargo & Company boosted their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Barclays decreased their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. Citigroup lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada initiated coverage on NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.82.

NiSource Stock Performance

Shares of NYSE:NI traded down $0.38 during mid-day trading on Monday, reaching $42.12. The company had a trading volume of 1,454,281 shares, compared to its average volume of 4,505,397. NiSource has a one year low of $38.45 and a one year high of $49.21. The company’s 50-day moving average price is $45.95 and its 200-day moving average price is $46.36. The firm has a market cap of $20.20 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 3.16 and a beta of 0.55. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period last year, the business earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that NiSource will post 2.05 EPS for the current fiscal year.

Insider Activity at NiSource

In related news, 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 transaction, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. The trade was a 29.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Institutional Trading of NiSource

A number of hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new stake in shares of NiSource in the 2nd quarter worth $26,000. Strive Financial Group LLC purchased a new stake in NiSource in the fourth quarter valued at about $26,000. Zions Bancorporation National Association UT raised its stake in NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after buying an additional 330 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in NiSource in the fourth quarter worth about $27,000. Finally, DV Equities LLC purchased a new stake in shares of NiSource during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.