NiSource, Inc (NYSE:NI) Given Average Recommendation of “Moderate Buy” by Brokerages

NiSource, Inc (NYSE:NI) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $49.6364.

NI has been the subject of a number of recent analyst reports. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. KeyCorp decreased their target price on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Wells Fargo & Company raised their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th.

NiSource Stock Up 0.8%

Shares of NYSE NI opened at $40.91 on Tuesday. NiSource has a 52-week low of $38.45 and a 52-week high of $49.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The stock has a market cap of $19.62 billion, a P/E ratio of 21.76, a P/E/G ratio of 3.02 and a beta of 0.55. The firm has a 50 day moving average price of $44.69 and a 200 day moving average price of $46.13.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period last year, the business posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts expect that NiSource will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. NiSource’s payout ratio is currently 63.83%.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NI. NewEdge Advisors LLC increased its position in shares of NiSource by 60.1% during the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after acquiring an additional 11,452 shares in the last quarter. Woodline Partners LP raised its holdings in shares of NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 11,671 shares during the period. Acadian Asset Management LLC bought a new stake in NiSource in the 1st quarter valued at $105,000. Bank of Nova Scotia lifted its position in NiSource by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after acquiring an additional 266 shares in the last quarter. Finally, AXA S.A. acquired a new position in NiSource in the 2nd quarter worth $1,054,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NiSource

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.