KeyCorp Has Lowered Expectations for NiSource (NYSE:NI) Stock Price

NiSource (NYSE:NI) had its price target reduced by KeyCorp from $52.00 to $50.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective points to a potential upside of 7.31% from the stock’s previous close.

NI has been the topic of a number of other reports. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets lowered their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Barclays increased their price objective on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Evercore set a $52.00 target price on shares of NiSource in a research report on Monday, May 11th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Stock Up 2.7%

NYSE NI opened at $46.59 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The firm has a 50-day simple moving average of $46.91 and a 200 day simple moving average of $46.23. NiSource has a twelve month low of $38.45 and a twelve month high of $49.21. The stock has a market cap of $22.34 billion, a PE ratio of 23.18, a PEG ratio of 3.38 and a beta of 0.55.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts forecast that NiSource will post 2.05 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 27,500 shares of company stock valued at $1,305,675. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NI. Zions Bancorporation National Association UT boosted its holdings in shares of NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 330 shares in the last quarter. Strive Financial Group LLC bought a new stake in NiSource during the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in NiSource during the 4th quarter valued at $27,000. DV Equities LLC acquired a new stake in NiSource during the 4th quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in NiSource in the 4th quarter valued at $28,000. Institutional investors own 91.64% of the company’s stock.

NiSource Company Profile

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.