NiSource (NYSE:NI) Upgraded by Wall Street Zen to “Hold” Rating

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

Several other research analysts also recently commented on NI. Mizuho lifted their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 8th. Evercore ISI raised their target price on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.33.

NiSource Stock Down 0.7%

NI opened at $41.39 on Friday. The firm has a market cap of $19.75 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. 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 business has a 50 day moving average price of $42.97 and a 200 day moving average price of $41.69. NiSource has a twelve month low of $35.36 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 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 company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. During the same quarter last year, the business 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. Research analysts forecast that NiSource will post 1.91 EPS for the current year.

Insider Activity at NiSource

In other NiSource 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 value of $345,040.00. Following the completion of the sale, the executive vice president owned 41,247 shares in the company, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Townsquare Capital LLC boosted its stake in NiSource by 26.5% during the first quarter. Townsquare Capital LLC now owns 9,371 shares of the utilities provider’s stock worth $376,000 after buying an additional 1,963 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of NiSource by 3.7% during the 1st quarter. Public Sector Pension Investment Board now owns 125,621 shares of the utilities provider’s stock worth $5,036,000 after acquiring an additional 4,519 shares during the period. Vestmark Advisory Solutions Inc. boosted its position in shares of NiSource by 24.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,269 shares of the utilities provider’s stock valued at $532,000 after acquiring an additional 2,567 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in NiSource in the first quarter valued at about $602,000. Finally, Horizon Investments LLC raised its position in NiSource by 9.8% in the first quarter. Horizon Investments LLC now owns 6,792 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 608 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Company Profile

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.