KeyCorp Has Bullish Forecast for NiSource FY2026 Earnings

NiSource, Inc (NYSE:NI) – Investment analysts at KeyCorp boosted their FY2026 earnings per share estimates for shares of NiSource in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $2.28 per share for the year, up from their previous forecast of $2.06. KeyCorp currently has a “Overweight” rating and a $50.00 target price on the stock. The consensus estimate for NiSource’s current full-year earnings is $2.08 per share.

NI has been the topic of a number of other research reports. Barclays raised their price target on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Evercore set a $52.00 target price on shares of NiSource in a research report on Monday, May 11th. BMO Capital Markets cut their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.30.

NiSource Stock Performance

NI stock opened at $45.84 on Monday. 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 company has a market capitalization of $21.98 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.36 and a beta of 0.55. NiSource has a 12 month low of $38.45 and a 12 month high of $49.21. The firm has a 50 day moving average of $46.85 and a two-hundred day moving average of $46.35.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter in the prior year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s payout ratio is presently 59.70%.

Insider Buying and Selling at NiSource

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

Hedge Funds Weigh In On NiSource

A number of institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC boosted its holdings in NiSource by 55,625.2% in the 2nd 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 during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after purchasing an additional 8,240,227 shares during the period. Norges Bank bought a new position in shares of NiSource during the 4th quarter worth about $336,852,000. Millennium Management LLC raised its position in shares of NiSource by 2,288.8% during the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after buying an additional 3,033,764 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of NiSource during the fourth quarter valued at about $100,965,000. 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.