NiSource (NYSE:NI) Rating Increased to Strong-Buy at KeyCorp

KeyCorp upgraded shares of NiSource (NYSE:NI) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. BMO Capital Markets set a $50.00 target price on shares of NiSource in a research note on Thursday, February 12th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Friday. Wells Fargo & Company lifted their price target on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Mizuho boosted their price objective on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Citigroup increased their price objective on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Price Performance

Shares of NYSE NI opened at $46.58 on Monday. NiSource has a 1-year low of $35.64 and a 1-year high of $47.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The business’s fifty day moving average price is $45.69 and its two-hundred day moving average price is $43.63. The firm has a market capitalization of $22.29 billion, a PE ratio of 23.89, a P/E/G ratio of 3.81 and a beta of 0.64.

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 the consensus estimate of $0.49 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. 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. On average, research analysts expect that NiSource will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, April 30th. NiSource’s dividend payout ratio is currently 61.54%.

Institutional Trading of NiSource

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT lifted its stake 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 during the period. Strive Financial Group LLC acquired a new position in shares of NiSource during the fourth quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in NiSource during the fourth quarter worth approximately $27,000. DV Equities LLC bought a new stake in NiSource during the fourth quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NiSource in the fourth quarter worth approximately $28,000. 91.64% of the stock is currently owned by institutional investors.

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.