NiSource (NYSE:NI) Price Target Raised to $49.00

NiSource (NYSE:NI) had its price target raised by Wells Fargo & Company from $47.00 to $49.00 in a report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the utilities provider’s stock.

A number of other research firms have also issued reports on NI. BMO Capital Markets raised their target price on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the stock 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 report on Monday, December 29th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Mizuho upped their price objective on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.89.

NiSource Price Performance

NYSE NI opened at $43.50 on Tuesday. NiSource has a 1 year low of $35.64 and a 1 year high of $44.88. The company has a fifty day simple moving average of $42.35 and a 200 day simple moving average of $42.19. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a market cap of $20.76 billion, a P/E ratio of 23.02, a P/E/G ratio of 3.60 and a beta of 0.65.

NiSource (NYSE:NI) last released its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates 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 prior 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. On average, sell-side analysts predict that NiSource will post 1.91 EPS for the current year.

Insider Buying and Selling at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction dated 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 owned 41,247 shares of the company’s stock, valued at $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On NiSource

Several large investors have recently modified their holdings of NI. Tower Bridge Advisors grew its holdings in shares of NiSource by 1.1% during the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 232 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of NiSource by 1.6% in the third quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock valued at $647,000 after buying an additional 234 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in NiSource by 1.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after buying an additional 245 shares in the last quarter. Prosperity Consulting Group LLC raised its stake in shares of NiSource by 1.1% in the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after acquiring an additional 246 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its position in shares of NiSource by 4.5% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 250 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

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.