Barclays Has Lowered Expectations for NiSource (NYSE:NI) Stock Price

NiSource (NYSE:NI) had its price target lowered by equities research analysts at Barclays from $51.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective indicates a potential upside of 5.02% from the stock’s previous close.

A number of other research firms have also commented on NI. Royal Bank Of Canada started coverage on NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Citigroup raised their price target on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Wells Fargo & Company boosted their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, KeyCorp reduced their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.70.

NiSource Trading Down 1.2%

NYSE:NI traded down $0.53 during trading hours on Friday, hitting $42.85. 3,605,536 shares of the company were exchanged, compared to its average volume of 4,439,393. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. NiSource has a one year low of $38.45 and a one year high of $49.21. The company has a fifty day simple moving average of $46.40 and a 200 day simple moving average of $46.43. The company has a current ratio of 0.50, a quick ratio of 0.56 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter in the previous year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that NiSource will post 2.05 EPS for the current fiscal year.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president owned 116,036 shares in the company, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,500 shares of company stock valued at $1,305,675 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NiSource

Large investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in NiSource during the 2nd quarter worth approximately $2,613,234,000. Orion Porfolio Solutions LLC lifted its holdings in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Deutsche Bank AG bought a new position in shares of NiSource in the second quarter valued at approximately $574,295,000. T. Rowe Price Investment Management Inc. boosted its position in shares of NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after buying an additional 8,240,227 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of NiSource during the fourth quarter valued at approximately $336,852,000. 91.64% of the stock is currently owned by 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.