NiSource, Inc (NYSE:NI) Stock Has Average Target Price of $48.58 According to Analysts

by · The Markets Daily

NiSource, Inc (NYSE:NI – Get Free Report) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.62.

Several brokerages recently weighed in on NI. Mizuho reduced their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Scotiabank initiated coverage on NiSource in a research report on Tuesday, September 29th. They issued a “sector perform” rating and a $43.00 price objective on the stock. Citigroup lowered their price objective on NiSource from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. BMO Capital Markets raised their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, LADENBURG THALM/SH SH cut their target price on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday, August 17th.

Read Our Latest Research Report on NiSource

NiSource Price Performance

Shares of NI opened at $42.80 on Wednesday. The business’s 50-day moving average is $40.92 and its two-hundred day moving average is $44.69. The company has a market capitalization of $20.53 billion, a P/E ratio of 22.77, a P/E/G ratio of 3.13 and a beta of 0.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. NiSource has a fifty-two week low of $38.42 and a fifty-two week high of $49.21.

NiSource (NYSE:NI – Get Free Report) last issued 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 return on equity of 7.95% and a net margin of 13.20%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts predict that NiSource will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio is presently 63.83%.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the firm’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 sale, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Institutional Trading of NiSource

Several institutional investors have recently bought and sold shares of NI. BlackRock Inc. acquired a new position in NiSource during the second quarter worth $2,613,234,000. Deutsche Bank AG purchased a new position in shares of NiSource during the second quarter worth $574,295,000. T. Rowe Price Investment Management Inc. boosted its position in shares of NiSource by 19.0% during 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 buying an additional 8,240,227 shares during the period. Legal & General Group Plc acquired a new stake in shares of NiSource in the second quarter valued at $179,838,000. Finally, Bank of America Corp DE acquired a new stake in shares of NiSource in the second quarter valued at $172,516,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Company Profile

(Get Free Report)

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.

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