NiSource, Inc (NYSE:NI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

NiSource, Inc (NYSE:NI) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $49.6364.

A number of research firms recently issued reports on NI. KeyCorp reduced their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets cut their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Royal Bank Of Canada started coverage on shares of NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH cut their price target on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a report on Monday, August 17th.

NiSource Stock Down 0.8%

NI stock opened at $40.56 on Friday. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.05 and a beta of 0.54. NiSource has a 1-year low of $40.09 and a 1-year high of $49.21. The firm has a fifty day moving average price of $42.93 and a two-hundred day moving average price of $45.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business 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 EPS for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 3.0%. NiSource’s payout ratio is presently 63.83%.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On NiSource

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC increased its stake in shares of NiSource by 44.8% during the second quarter. Tidal Investments LLC now owns 545,461 shares of the utilities provider’s stock valued at $25,937,000 after acquiring an additional 168,704 shares during the period. National Pension Service raised its holdings in NiSource by 68.3% during the 2nd 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 during the period. WINTON GROUP Ltd lifted 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 valued at $1,532,000 after buying an additional 11,963 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in NiSource by 8.1% during the second quarter. Integrated Wealth Concepts LLC now owns 19,819 shares of the utilities provider’s stock valued at $942,000 after buying an additional 1,478 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of NiSource by 15.1% in the second quarter. NewEdge Advisors LLC now owns 1,070,157 shares of the utilities provider’s stock worth $50,886,000 after buying an additional 140,144 shares during the period. 91.64% of the stock is currently owned by institutional investors.

About NiSource

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.