NiSource (NYSE:NI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

NiSource (NYSE:NI) had its target price upped by stock analysts at Wells Fargo & Company from $51.00 to $52.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 11.28% from the stock’s current price.

A number of other brokerages also recently weighed in on NI. Citigroup lifted their price target on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Barclays lifted their price target on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target on the stock. Finally, Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.56.

NiSource Stock Performance

Shares of NYSE NI opened at $46.73 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $22.40 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.75 and a beta of 0.57. The stock’s fifty day simple moving average is $47.13 and its 200 day simple moving average is $44.57. NiSource has a 52-week low of $37.22 and a 52-week high of $48.98.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period in the previous year, the firm posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast that NiSource will post 2.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd purchased a new position in NiSource in the third quarter valued at about $84,086,000. Magellan Asset Management Ltd lifted its position in shares of NiSource by 7.5% in the third quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock worth $15,985,000 after buying an additional 25,721 shares during the last quarter. Capital International Investors lifted its position in shares of NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares during the last quarter. Inspire Advisors LLC acquired a new stake in shares of NiSource in the third quarter worth about $1,113,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of NiSource in the third quarter worth about $1,154,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.