NiSource (NYSE:NI) Stock Gets Price Target Trim from Barclays

NiSource (NYSE:NI) had its price objective lowered by Barclays from $45.00 to $44.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. LADENBURG THALM/SH SH cut their target price on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Scotiabank initiated coverage on shares of NiSource in a report on Tuesday, September 29th. They set a “sector perform” rating and a $43.00 price target for the company. Royal Bank Of Canada assumed coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target for the company. Citigroup dropped their price objective on shares of NiSource from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. Finally, Weiss Ratings lowered shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and an average price target of $48.62.

NiSource Trading Up 0.6%

Shares of NYSE NI opened at $43.03 on Monday. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. NiSource has a 12-month low of $38.42 and a 12-month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. The stock’s 50 day simple moving average is $40.94 and its 200 day simple moving average is $44.66.

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 analysts’ consensus estimates of $0.16. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%. 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. Equities research analysts expect that NiSource will post 2.05 EPS for the current year.

NiSource Dividend Announcement

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

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the 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 directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

Institutional Trading of NiSource

A number of hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC grew its holdings in NiSource by 17.5% during the third quarter. V Square Quantitative Management LLC now owns 15,993 shares of the utilities provider’s stock worth $624,000 after acquiring an additional 2,387 shares during the period. Ausbil Investment Management Ltd boosted its position in shares of NiSource by 7.1% during the 3rd quarter. Ausbil Investment Management Ltd now owns 168,695 shares of the utilities provider’s stock valued at $6,579,000 after purchasing an additional 11,135 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of NiSource by 12.4% in the 3rd quarter. Moody National Bank Trust Division now owns 17,547 shares of the utilities provider’s stock worth $684,000 after purchasing an additional 1,936 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of NiSource by 45.1% in the 3rd quarter. Versant Capital Management Inc now owns 7,576 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 2,353 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of NiSource by 26.8% in the 2nd quarter. QRG Capital Management Inc. now owns 17,816 shares of the utilities provider’s stock worth $847,000 after purchasing an additional 3,770 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Company Profile

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.