What is Scotiabank’s Forecast for NiSource FY2026 Earnings?

NiSource, Inc (NYSE:NI) – Equities researchers at Scotiabank issued their FY2026 EPS estimates for NiSource in a research report issued on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the utilities provider will post earnings per share of $2.03 for the year. Scotiabank has a “Sector Perform” rating and a $43.00 price objective on the stock. The consensus estimate for NiSource’s current full-year earnings is $2.05 per share. Scotiabank also issued estimates for NiSource’s FY2027 earnings at $2.22 EPS.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

Several other brokerages have also commented on NI. Royal Bank Of Canada assumed coverage on NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. KeyCorp reduced their target price on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings cut NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. LADENBURG THALM/SH SH lowered their price target 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 dropped their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus target price of $48.75.

NiSource Price Performance

NI opened at $39.58 on Monday. The firm has a market capitalization of $18.98 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.94 and a beta of 0.55. 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 $41.45 and its two-hundred day moving average is $45.05. NiSource has a 1 year low of $38.42 and a 1 year high of $49.21.

Hedge Funds Weigh In On NiSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of NiSource during the second quarter valued at about $2,613,234,000. Deutsche Bank AG purchased a new stake in shares of NiSource during the second quarter worth about $574,295,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after acquiring an additional 8,240,227 shares in the last quarter. Legal & General Group Plc acquired a new stake in NiSource during the 2nd quarter valued at approximately $179,838,000. Finally, Bank of America Corp DE acquired a new stake in NiSource during the 2nd quarter valued at approximately $172,516,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction on Friday, August 14th. The shares were sold at an average price of $42.40, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

NiSource Dividend Announcement

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

About NiSource

NiSource Inc (NYSE:NI) is a regulated utility company that delivers natural gas and electricity to residential, commercial and industrial customers. Its operations are primarily conducted through local utility subsidiaries, including Columbia Gas and Northern Indiana Public Service Company (NIPSCO).

NiSource’s natural gas businesses distribute gas through networks serving customers in Ohio, Pennsylvania, Virginia, Maryland and Kentucky. NIPSCO provides regulated natural gas and electric service in northern Indiana, where the company also operates electric generation and transmission and distribution infrastructure.