What is Scotiabank’s Forecast for NiSource FY2026 Earnings?

NiSource, Inc (NYSE:NI) – Investment analysts at Scotiabank issued their FY2026 earnings estimates for NiSource in a report released on Thursday, October 1st. Scotiabank analyst I. Rapp forecasts that the utilities provider will post earnings of $2.03 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $43.00 target price on the stock. The consensus estimate for NiSource’s current full-year earnings is $2.05 per share. Scotiabank also issued estimates for NiSource’s FY2027 earnings at $2.22 EPS.

Several other research firms have also recently issued reports on NI. KeyCorp decreased their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. LADENBURG THALM/SH SH reduced their target price on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Mizuho decreased their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 26th. Royal Bank Of Canada initiated coverage on NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Weiss Ratings downgraded shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 22nd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

NiSource Trading Up 2.8%

Shares of NI opened at $40.67 on Monday. NiSource has a fifty-two week low of $38.42 and a fifty-two week high of $49.21. The company has a market capitalization of $19.50 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.95 and a beta of 0.55. The stock has a fifty day moving average of $41.35 and a two-hundred day moving average of $45.01. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

Hedge Funds Weigh In On NiSource

Large investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new stake in NiSource during the 2nd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of NiSource in the second quarter worth about $33,000. Western Wealth Management LLC acquired a new stake in shares of NiSource in the first quarter valued at about $34,000. Fiduciary Financial Advisors acquired a new stake in shares of NiSource in the second quarter valued at about $35,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of NiSource during the 2nd quarter valued at about $39,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company’s stock.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is 63.83%.

About NiSource

NiSource Inc (NYSE:NI) is a regulated utility company that delivers natural gas and electricity to residential, commercial and industrial customers. Its operations are primarily conducted through local utility subsidiaries, including Columbia Gas and Northern Indiana Public Service Company (NIPSCO).

NiSource’s natural gas businesses distribute gas through networks serving customers in Ohio, Pennsylvania, Virginia, Maryland and Kentucky. NIPSCO provides regulated natural gas and electric service in northern Indiana, where the company also operates electric generation and transmission and distribution infrastructure.