Wall Street Zen Upgrades NiSource (NYSE:NI) to “Hold”

NiSource (NYSE:NI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Friday, March 27th. KeyCorp assumed coverage on shares of NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. Citigroup raised their price objective on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. UBS Group lifted their price objective on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets set a $50.00 target price on NiSource in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and an average price target of $47.64.

NiSource Trading Down 0.1%

Shares of NI stock opened at $47.46 on Friday. The company has a market capitalization of $22.75 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 3.89 and a beta of 0.61. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $45.91 and its two-hundred day moving average is $43.79. NiSource has a twelve month low of $35.64 and a twelve month high of $47.96.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT lifted its position in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares during the period. Strive Financial Group LLC acquired a new stake in shares of NiSource in the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in NiSource in the 4th quarter valued at approximately $27,000. DV Equities LLC purchased a new position in NiSource in the 4th quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in NiSource during the fourth quarter worth $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Key NiSource News

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp initiated coverage on NI with a “Strong-Buy” and published above-consensus multi-year EPS forecasts (FY2026: $2.06 vs. market consensus ~$1.91; FY2027–FY2030 rising to $2.28, $2.42, $2.67 and $2.93). KeyCorp also provided quarterly cadence (Q1 2026: $1.07; Q2: $0.17; Q3: $0.20; Q4: $0.62), signaling analyst confidence in rate/recovery drivers and longer-term earnings growth. NiSource (NYSE:NI) Coverage Initiated at KeyCorp
• Positive Sentiment: Zacks published a bullish note framing NiSource as an attractive dividend stock, highlighting yield reliability and the regulated utility cash flow profile — a factor that can support investor demand and downside protection for the shares. Why NiSource (NI) is a Great Dividend Stock Right Now
• Neutral Sentiment: A brokerage note aggregated by American Banking News lists a consensus price target of $47.20 — roughly in line with the recent trading range — suggesting limited near-term upside from current quotes absent new operational or regulatory catalysts. Brokerages Set NiSource, Inc (NYSE:NI) Price Target at $47.20

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.