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

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

Several other analysts also recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday. Barclays lifted their target price on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, BMO Capital Markets lifted their target price on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Stock Up 0.1%

NI stock opened at $42.18 on Friday. The firm’s fifty day simple moving average is $42.29 and its 200-day simple moving average is $40.92. The company has a market capitalization of $19.86 billion, a P/E ratio of 22.31, 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 current ratio of 0.52 and a quick ratio of 0.48. NiSource has a 12 month low of $34.23 and a 12 month high of $44.88.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same period last year, the company 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 research analysts forecast that NiSource will post 1.91 earnings per share for the current year.

Institutional Investors Weigh In On NiSource

A number of large investors have recently modified their holdings of NI. Mather Group LLC. grew its holdings in shares of NiSource by 13.0% during the first quarter. Mather Group LLC. now owns 5,189 shares of the utilities provider’s stock worth $208,000 after buying an additional 597 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of NiSource by 2.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,607 shares of the utilities provider’s stock worth $2,229,000 after buying an additional 1,339 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of NiSource during the first quarter worth $69,000. Teacher Retirement System of Texas purchased a new stake in shares of NiSource during the first quarter worth $2,734,000. Finally, Resonant Capital Advisors LLC grew its holdings in shares of NiSource by 3.9% during the first quarter. Resonant Capital Advisors LLC now owns 7,448 shares of the utilities provider’s stock worth $299,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.