NiSource (NYSE:NI) Issues FY 2026 Earnings Guidance

NiSource (NYSE:NI) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.020-2.070 for the period, compared to the consensus estimate of 2.040. The company issued revenue guidance of -.

NiSource Trading Up 1.2%

NiSource stock opened at $45.20 on Friday. NiSource has a one year low of $35.64 and a one year high of $45.76. The business’s fifty day moving average is $42.75 and its 200 day moving average is $42.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.39. The stock has a market capitalization of $21.57 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 3.67 and a beta of 0.65.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts predict that NiSource will post 1.91 EPS for the current year.

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a positive change from NiSource’s previous quarterly dividend of $0.28. NiSource’s payout ratio is currently 63.49%.

Analysts Set New Price Targets

NI has been the subject of several research analyst reports. Citigroup lifted their price objective on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and raised their target price for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Mizuho upped their price target 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. Wells Fargo & Company raised their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, UBS Group boosted their price target on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

Insiders Place Their Bets

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.

Key Stories Impacting NiSource

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: Q4 earnings beat and strong revenue — NiSource reported $0.51 EPS vs. $0.49 expected and revenue of ~$1.90B (well above estimates), which underpins the rally. NiSource Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Reaffirmed 2026 outlook and big capex plan to serve data centers — Management reaffirmed 2026 guidance and highlighted robust capital spending to meet rising commercial/AI data-center demand, signaling revenue and earnings tailwinds. NiSource beats fourth-quarter profit estimates, reaffirms 2026 forecast
• Positive Sentiment: Longer-term growth visibility — Management outlined an 8–9% EPS CAGR through 2033 and cited a roughly $1B customer flowback related to an Amazon contract, providing a multi-year growth narrative that investors can value. NiSource outlines 8% to 9% EPS CAGR through 2033 as Amazon contract drives $1B
• Positive Sentiment: Dividend appeal — Independent commentary highlights NiSource as an attractive dividend stock, which can support demand from income-focused investors. NiSource (NI) Could Be a Great Choice
• Neutral Sentiment: Earnings materials and call transcript available — Management’s slide deck and call transcript provide more detail on capex timing and customer contracts; investors should review them for guidance nuances. NiSource Q4 2025 earnings call transcript
• Neutral Sentiment: Preview/assessments note the beat but flag capex execution as key — analyst previews and assessments emphasize the beat but say outlook depends on capex returns and execution. What’s Next: NiSource’s Earnings Preview
• Negative Sentiment: Sector caution on heavy capex — Some analysts (and sector reports) warn that the utilities rally tied to data-center demand carries risks: sizable capex can pressure returns, leverage and regulatory outcomes if projects underperform. Jefferies Loves 5 Dividend-Paying Utility Stocks but Warns of Caution on the Sector

Hedge Funds Weigh In On NiSource

A number of institutional investors have recently added to or reduced their stakes in NI. Orion Porfolio Solutions LLC increased its position in shares of 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 acquiring an additional 16,836,630 shares during the last quarter. Millennium Management LLC increased its holdings in shares of NiSource by 2,288.8% in the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after acquiring an additional 3,033,764 shares during the period. Soroban Capital Partners LP grew its holdings in NiSource by 52.0% during the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after acquiring an additional 1,516,296 shares during the period. Merewether Investment Management LP boosted its position in shares of NiSource by 55.2% during the 2nd quarter. Merewether Investment Management LP now owns 3,006,194 shares of the utilities provider’s stock worth $121,270,000 after purchasing an additional 1,069,363 shares in the last quarter. Finally, State Street Corp grew its stake in shares of NiSource by 3.5% during the 3rd quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock worth $1,107,647,000 after purchasing an additional 854,767 shares during the period. Hedge funds and other 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.