NiSource (NYSE:NI) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of NiSource (NYSE:NI) from a sell rating to a hold rating in a report issued on Saturday.

Several other equities analysts also recently issued reports on NI. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. BMO Capital Markets upped their target price on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Wednesday, October 8th. Evercore ISI increased their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $50.00 in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Price Performance

NYSE NI opened at $42.18 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48. The stock’s fifty day moving average price is $42.29 and its 200 day moving average price is $40.91. NiSource has a 1 year low of $34.23 and a 1 year high of $44.88. The company has a market cap of $19.86 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.13 and a beta of 0.60.

NiSource (NYSE:NI) last released its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $983.25 million. During the same period in the previous 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.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 31st. NiSource’s dividend payout ratio (DPR) is currently 59.26%.

Institutional Investors Weigh In On NiSource

Several hedge funds have recently modified their holdings of NI. Vanguard Personalized Indexing Management LLC grew its position in shares of NiSource by 1.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 49,056 shares of the utilities provider’s stock valued at $2,124,000 after acquiring an additional 834 shares during the period. OneAscent Wealth Management LLC acquired a new stake in shares of NiSource during the 3rd quarter valued at about $205,000. CIBC Asset Management Inc grew its position in shares of NiSource by 4.0% during the 3rd quarter. CIBC Asset Management Inc now owns 66,941 shares of the utilities provider’s stock valued at $2,899,000 after acquiring an additional 2,597 shares during the period. 1834 Investment Advisors Co. grew its position in shares of NiSource by 1.4% during the 3rd quarter. 1834 Investment Advisors Co. now owns 23,895 shares of the utilities provider’s stock valued at $1,035,000 after acquiring an additional 330 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of NiSource during the 3rd quarter valued at about $225,000. 91.64% of the stock is owned by hedge funds and other 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.