NiSource (NYSE:NI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NiSource (NYSE:NI) from a sell rating to a hold rating in a research report released on Sunday.

NI has been the topic of a number of other research reports. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Mizuho increased their price objective on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Barclays set a $45.00 price objective on NiSource in a report on Monday, December 8th. BMO Capital Markets upped their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.33.

NiSource Trading Down 0.9%

Shares of NI opened at $41.44 on Friday. NiSource has a 1-year low of $35.36 and a 1-year high of $44.88. The company has a market capitalization of $19.77 billion, a P/E ratio of 21.92, a P/E/G ratio of 2.80 and a beta of 0.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39. The firm’s 50 day simple moving average is $42.88 and its 200 day simple moving average is $41.72.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period in the previous year, the company 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. Sell-side analysts forecast that NiSource will post 1.91 earnings per share for the current fiscal year.

Insider Transactions at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NiSource

Several hedge funds have recently made changes to their positions in NI. Cullen Frost Bankers Inc. boosted its position in shares of NiSource by 181.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 941 shares in the last quarter. Magnetar Financial LLC raised its holdings in NiSource by 195.5% in the second quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock worth $7,380,000 after purchasing an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management lifted its position in NiSource by 10.6% during the second quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock valued at $13,737,000 after buying an additional 32,595 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of NiSource by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock valued at $170,070,000 after buying an additional 55,515 shares in the last quarter. Finally, Williamson Legacy Group LLC grew its position in shares of NiSource by 138.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock worth $1,199,000 after buying an additional 17,271 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.