NiSource (NYSE:NI) Raised to “Strong-Buy” at KeyCorp

NiSource (NYSE:NI) was upgraded by analysts at KeyCorp to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on NI. Barclays set a $45.00 target price on shares of NiSource in a research note on Monday, December 8th. BMO Capital Markets set a $50.00 price target on shares of NiSource in a report on Thursday, February 12th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. UBS Group upped their price objective on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, Mizuho raised their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.64.

NiSource Stock Performance

NiSource stock opened at $46.58 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. The stock has a fifty day moving average of $45.69 and a two-hundred day moving average of $43.63. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.81 and a beta of 0.64. NiSource has a fifty-two week low of $35.64 and a fifty-two week high of $47.96.

NiSource (NYSE:NI) last issued its quarterly earnings data 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 business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the prior year, the business earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts anticipate that NiSource will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NI. ANTIPODES PARTNERS Ltd acquired a new position in NiSource during the third quarter valued at approximately $84,086,000. Capital International Investors increased its position in shares of NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after acquiring an additional 1,065,591 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of NiSource in the third quarter worth $1,113,000. Drake & Associates LLC purchased a new position in shares of NiSource in the 3rd quarter valued at $2,413,000. Finally, Alkeon Capital Management LLC raised its stake in shares of NiSource by 21.0% in the 3rd quarter. Alkeon Capital Management LLC now owns 3,100,500 shares of the utilities provider’s stock valued at $134,252,000 after acquiring an additional 539,000 shares during the period. 91.64% of the stock is owned by hedge funds and other 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.