NiSource (NYSE:NI) Stock Rating Upgraded by Wells Fargo & Company

NiSource (NYSE:NI) was upgraded by research analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Evercore ISI raised their price target on shares of NiSource from $45.00 to $46.00 and gave the company an “in-line” rating in a research report on Monday, October 20th. Zacks Research raised NiSource to a “hold” rating in a report on Monday, August 11th. Barclays raised their target price on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

NiSource Trading Down 2.4%

Shares of NiSource stock opened at $42.37 on Tuesday. The stock has a market capitalization of $19.95 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.20 and a beta of 0.60. NiSource has a 52 week low of $34.23 and a 52 week high of $44.88. The stock has a 50 day moving average price of $42.30 and a two-hundred day moving average price of $40.87. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.48 and a current ratio of 0.59.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a return on equity of 8.25% and a net margin of 14.46%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $983.25 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. 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, equities analysts anticipate that NiSource will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of NiSource

A number of hedge funds have recently bought and sold shares of NI. Crewe Advisors LLC grew its stake in NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after buying an additional 667 shares during the last quarter. Country Trust Bank bought a new position in NiSource during the second quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new stake in NiSource during the second quarter worth about $32,000. Finally, Larson Financial Group LLC raised its position in 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. 91.64% of the stock is currently owned by institutional investors.

NiSource Company Profile

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.