KeyCorp Cuts NiSource (NYSE:NI) Price Target to $50.00

NiSource (NYSE:NI) had its price objective lowered by KeyCorp from $52.00 to $50.00 in a report released on Thursday morning, MarketBeat reports. KeyCorp currently has an overweight rating on the utilities provider’s stock. KeyCorp also issued estimates for NiSource’s Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.56 EPS, FY2027 earnings at $2.44 EPS, FY2028 earnings at $2.71 EPS and FY2029 earnings at $3.00 EPS.

Several other equities analysts also recently issued reports on NI. BMO Capital Markets reduced their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Royal Bank Of Canada began coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 target price for the company. Barclays lifted their target price on shares of NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Citigroup increased their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.30.

NiSource Trading Down 0.2%

Shares of NI stock opened at $46.66 on Thursday. The firm has a 50-day moving average price of $46.90 and a 200 day moving average price of $46.26. NiSource has a twelve month low of $38.45 and a twelve month high of $49.21. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.47 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts forecast that NiSource will post 2.08 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio is presently 59.70%.

Insider Activity at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the transaction, the executive vice president directly owned 116,036 shares in the company, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,500 shares of company stock worth $1,305,675 over the last three months. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of NiSource

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Zions Bancorporation National Association UT boosted its holdings in NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares during the last quarter. Strive Financial Group LLC purchased a new stake in NiSource during the fourth quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in NiSource during the fourth quarter valued at about $27,000. DV Equities LLC acquired a new stake in NiSource during the fourth quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NiSource during the fourth quarter worth about $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

More NiSource News

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp kept an Overweight rating on NiSource and reiterated a $50 price target, implying upside from current levels and signaling continued analyst confidence in the utility’s valuation. Benzinga report
• Positive Sentiment: KeyCorp raised its FY2027, FY2028, and FY2029 EPS estimates for NiSource, suggesting improving earnings power over the next several years and supporting the stock’s longer-term investment case.
• Positive Sentiment: Wells Fargo reportedly initiated or maintained a Buy view on NiSource, adding to the positive analyst backdrop around the stock. Nisource (NI) Gets a Buy from Wells Fargo
• Neutral Sentiment: KeyCorp trimmed near-term EPS estimates for Q2, Q3, and Q4 2026, which may temper enthusiasm somewhat, but the reductions were relatively small and did not change the firm’s overall positive stance.
• Neutral Sentiment: Consensus full-year earnings remain at about $2.05 per share, so the latest analyst revisions do not materially alter the broad earnings outlook yet.

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.