Evercore ISI Issues Positive Forecast for NiSource (NYSE:NI) Stock Price

NiSource (NYSE:NI) had its target price increased by Evercore ISI from $46.00 to $47.00 in a research note published on Thursday,Benzinga reports. Evercore ISI currently has an in-line rating on the utilities provider’s stock.

NI has been the topic of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. BMO Capital Markets increased their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research report on Tuesday. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.11.

NiSource Stock Performance

Shares of NI opened at $42.08 on Thursday. The business’s fifty day moving average price is $42.30 and its 200 day moving average price is $40.88. NiSource has a 12-month low of $34.23 and a 12-month high of $44.88. The stock has a market capitalization of $19.82 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48.

NiSource (NYSE:NI) last announced its quarterly earnings data 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 return on equity of 8.09% and a net margin of 14.15%.The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $983.25 million. During the same quarter last year, the business earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Equities research analysts forecast that NiSource will post 1.91 EPS for the current year.

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be issued a $0.28 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. NiSource’s dividend payout ratio (DPR) is 59.26%.

Institutional Investors Weigh In On NiSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its stake in 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 buying an additional 941 shares in the last quarter. LPL Financial LLC boosted its stake in NiSource by 29.9% during the first quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock valued at $9,390,000 after buying an additional 53,972 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NiSource by 90.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock valued at $3,223,000 after buying an additional 38,237 shares in the last quarter. Nordea Investment Management AB boosted its stake in NiSource by 3.9% during the second quarter. Nordea Investment Management AB now owns 21,607 shares of the utilities provider’s stock valued at $866,000 after buying an additional 820 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in NiSource by 179.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 60,375 shares of the utilities provider’s stock valued at $2,419,000 after buying an additional 38,760 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

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.