NiSource (NYSE:NI) Stock Rated Sector Perform in New Coverage at Scotiabank

Equities researchers at Scotiabank started coverage on shares of NiSource (NYSE:NI) in a note issued to investors on Tuesday, Briefing.com reports. The firm set a “sector perform” rating and a $43.00 price target on the utilities provider’s stock. Scotiabank’s price objective would indicate a potential upside of 9.96% from the company’s current price.

Several other research firms also recently weighed in on NI. Weiss Ratings downgraded NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. LADENBURG THALM/SH SH reduced their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Mizuho dropped their target price on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. Barclays cut their price target on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada started coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.75.

NiSource Price Performance

NI opened at $39.10 on Tuesday. The firm has a market capitalization of $18.75 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The business’s 50-day moving average is $42.14 and its two-hundred day moving average is $45.32. NiSource has a 1 year low of $38.94 and a 1 year high of $49.21.

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

Insider Buying and Selling at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president 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 document filed with the SEC, which is accessible through the SEC website. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NiSource

Institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. raised its holdings in NiSource by 26.8% in the 2nd quarter. QRG Capital Management Inc. now owns 17,816 shares of the utilities provider’s stock valued at $847,000 after acquiring an additional 3,770 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of NiSource by 29.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,773 shares of the utilities provider’s stock valued at $607,000 after purchasing an additional 2,909 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of NiSource by 44.8% in the second quarter. Tidal Investments LLC now owns 545,461 shares of the utilities provider’s stock valued at $25,937,000 after purchasing an additional 168,704 shares during the last quarter. National Pension Service lifted its position in NiSource by 68.3% during the second quarter. National Pension Service now owns 74,156 shares of the utilities provider’s stock worth $3,526,000 after buying an additional 30,098 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in NiSource by 59.1% during the second quarter. WINTON GROUP Ltd now owns 32,211 shares of the utilities provider’s stock worth $1,532,000 after buying an additional 11,963 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Company Profile

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.