Wall Street Zen Downgrades NiSource (NYSE:NI) to Sell

NiSource (NYSE:NI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

NI has been the subject of a number of other reports. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets restated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Barclays boosted their target price on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, KeyCorp assumed coverage on shares of NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

NiSource Stock Performance

Shares of NI stock opened at $46.32 on Friday. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 3.70 and a beta of 0.57. NiSource has a one year low of $38.13 and a one year high of $48.98. The company’s 50-day simple moving average is $47.12 and its 200-day simple moving average is $44.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts anticipate that NiSource will post 2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NiSource

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after acquiring an additional 1,032,630 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares during the last quarter. State Street Corp lifted its position in NiSource by 4.5% in the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after purchasing an additional 1,154,351 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. Finally, Geode Capital Management LLC grew its position in NiSource by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after purchasing an additional 245,110 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.