NiSource (NYSE:NI) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of NiSource (NYSE:NI) from a hold rating to a sell rating in a report released on Saturday morning.

NI has been the subject of several other reports. Jefferies Financial Group upgraded 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 report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Mizuho increased their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group raised their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets lifted their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

NiSource Trading Down 1.3%

NI opened at $41.63 on Friday. The firm’s fifty day moving average is $42.39 and its two-hundred day moving average is $41.95. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52. The firm has a market cap of $19.86 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. NiSource has a twelve month low of $35.51 and a twelve month high of $44.88.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $983.25 million. During the same period last year, the firm earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. Equities research analysts anticipate that NiSource will post 1.91 EPS for the current year.

Insider Buying and Selling at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of NiSource stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the sale, the executive vice president directly owned 41,247 shares in the company, valued at $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Crewe Advisors LLC lifted its position in NiSource by 90.7% during the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after buying an additional 304 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 667 shares during the last quarter. Country Trust Bank acquired a new stake in shares of NiSource in the second quarter valued at about $28,000. REAP Financial Group LLC bought a new stake in NiSource during the third quarter worth about $32,000. Finally, Ameritas Advisory Services LLC acquired a new position in NiSource during the second quarter valued at approximately $32,000. 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.