NiSource, Inc (NYSE:NI) Receives $45.00 Consensus Target Price from Brokerages

Shares of NiSource, Inc (NYSE:NI) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.7778.

Several research firms have issued reports on NI. Barclays boosted their price target on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Evercore ISI boosted their price target on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Zacks Research raised NiSource to a “hold” rating in a report on Monday, August 11th. Finally, BMO Capital Markets boosted their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th.

NiSource Stock Up 0.6%

NiSource stock opened at $42.83 on Wednesday. The stock has a market cap of $20.44 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52. NiSource has a one year low of $34.51 and a one year high of $44.88. The stock has a fifty day moving average of $42.29 and a 200 day moving average of $40.97.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter last year, the company posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. As a group, sell-side analysts predict that NiSource will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio is 59.26%.

Hedge Funds Weigh In On NiSource

A number of hedge funds have recently made changes to their positions in NI. Crewe Advisors LLC boosted its stake in shares of NiSource by 90.7% in the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 304 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 667 shares during the period. Country Trust Bank bought a new position in shares of NiSource in the second quarter worth about $28,000. Ameritas Advisory Services LLC bought a new position in shares of NiSource in the second quarter worth about $32,000. Finally, Larson Financial Group LLC boosted its stake in shares of NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 266 shares during the period. Institutional investors own 91.64% of the company’s stock.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.