NiSource (NYSE:NI) Now Covered by KeyCorp

Analysts at KeyCorp initiated coverage on shares of NiSource (NYSE:NI) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $52.00 price target on the utilities provider’s stock. KeyCorp’s price target points to a potential upside of 11.66% from the company’s previous close.

Several other research analysts have also recently weighed in on NI. UBS Group increased their price objective on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Mizuho boosted their target price on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Barclays set a $45.00 price target on shares of NiSource in a research note on Monday, December 8th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Citigroup boosted their price objective on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NiSource has an average rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Stock Up 1.3%

NiSource stock opened at $46.57 on Tuesday. The company’s 50-day moving average price is $45.63 and its two-hundred day moving average price is $43.59. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a market cap of $22.28 billion, a P/E ratio of 23.88, a P/E/G ratio of 3.77 and a beta of 0.64. NiSource has a twelve month low of $35.64 and a twelve month high of $47.96.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same quarter in the previous year, the company posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts expect that NiSource will post 1.91 EPS for the current year.

Institutional Investors Weigh In On NiSource

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NiSource by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after buying an additional 1,032,630 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of NiSource by 19.0% during the 4th 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. State Street Corp increased its stake in NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after acquiring an additional 1,154,351 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in NiSource by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after purchasing an additional 245,110 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

About NiSource

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.