NiSource, Inc (NYSE:NI) Receives $45.78 Consensus Price Target from Analysts

Shares of NiSource, Inc (NYSE:NI) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $45.7778.

A number of research firms have recently commented on NI. Evercore ISI increased their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b+)” rating on shares of NiSource in a research report on Wednesday, November 19th. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and raised their target price for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Finally, BMO Capital Markets upped their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th.

NiSource Trading Up 0.8%

Shares of NI opened at $44.13 on Friday. NiSource has a 52-week low of $35.36 and a 52-week high of $44.88. The business’s fifty day moving average is $43.13 and its 200-day moving average is $41.47. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $1.27 billion for 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 quarter in the prior year, the company 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 analysts anticipate that NiSource will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of NiSource

A number of hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC raised its holdings in NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in NiSource by 2,668.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 667 shares during the last quarter. Country Trust Bank acquired a new position in NiSource in the 2nd quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new position in NiSource in the 2nd quarter valued at approximately $32,000. Finally, REAP Financial Group LLC bought a new position in shares of NiSource during the third quarter valued at $32,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.