NiSource (NYSE:NI) Stock Gets Price Target Cut from Barclays

NiSource (NYSE:NI) had its price target dropped by investment analysts at Barclays from $45.00 to $44.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price would suggest a potential upside of 5.06% from the stock’s current price.

Several other brokerages have also recently issued reports on NI. LADENBURG THALM/SH SH reduced their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday, August 17th. KeyCorp decreased their target price on NiSource from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Scotiabank initiated coverage on NiSource in a research report on Tuesday, September 29th. They issued a “sector perform” rating and a $43.00 target price on the stock. Royal Bank Of Canada started coverage on shares of NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of NiSource from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.42.

NiSource Stock Performance

Shares of NYSE NI traded down $0.80 during mid-day trading on Monday, hitting $41.88. The stock had a trading volume of 3,922,937 shares, compared to its average volume of 4,713,611. The firm has a market cap of $20.08 billion, a PE ratio of 22.27, a PEG ratio of 3.19 and a beta of 0.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The company has a 50 day moving average of $40.90 and a two-hundred day moving average of $44.75. NiSource has a twelve month low of $38.42 and a twelve month high of $49.21.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations 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 firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts predict that NiSource will post 2.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On NiSource

Several institutional investors have recently made changes to their positions in the company. World Investment Advisors boosted its holdings in NiSource by 3.2% during the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock worth $329,000 after buying an additional 247 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of NiSource by 1.1% in the second quarter. Contravisory Investment Management Inc. now owns 24,118 shares of the utilities provider’s stock worth $1,147,000 after acquiring an additional 254 shares during the period. Pathway Financial Advisers LLC raised its holdings in NiSource by 2.7% in the 1st quarter. Pathway Financial Advisers LLC now owns 9,846 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 262 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of NiSource by 35.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,339 shares of the utilities provider’s stock valued at $64,000 after buying an additional 353 shares in the last quarter. Finally, CX Institutional grew its position in shares of NiSource by 5.5% in the second quarter. CX Institutional now owns 7,050 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 366 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

About NiSource

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.