NiSource (NYSE:NI) Reaches New 1-Year Low – Here’s Why

Shares of NiSource, Inc (NYSE:NI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $40.04 and last traded at $39.9020, with a volume of 3058091 shares changing hands. The stock had previously closed at $40.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. BMO Capital Markets decreased their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. KeyCorp cut 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. LADENBURG THALM/SH SH reduced their target price on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Mizuho decreased their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and an average target price of $49.64.

NiSource Stock Performance

The company’s fifty day simple moving average is $42.80 and its 200 day simple moving average is $45.59. The stock has a market capitalization of $19.14 billion, a P/E ratio of 21.22, a P/E/G ratio of 3.03 and a beta of 0.54. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

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

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is 63.83%.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On NiSource

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of NiSource during the second quarter valued at about $2,613,234,000. BNP Paribas Financial Markets lifted its holdings in NiSource by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock worth $37,228,000 after buying an additional 262,483 shares during the period. Norges Bank purchased a new stake in NiSource in the fourth quarter worth about $336,852,000. Reaves W H & Co. Inc. boosted its position in NiSource by 8.3% during the 4th quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock valued at $226,537,000 after acquiring an additional 415,089 shares in the last quarter. Finally, Vestcor Inc grew its holdings in shares of NiSource by 320.7% during the 4th quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock worth $2,750,000 after acquiring an additional 50,200 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About NiSource

NiSource Inc (NYSE: NI) is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.