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

Key Points

• Barclays lowered its NiSource price target from $45 to $44 while maintaining an “overweight” rating, implying approximately 5.1% upside from the stock’s $41.88 price.
• Analyst sentiment remains favorable: NiSource has a consensus “Moderate Buy” rating from 13 analysts, with an average price target of $48.42.
• NiSource’s latest quarterly results met expectations with $0.16 earnings per share and $1.34 billion in revenue; the company reaffirmed fiscal 2026 guidance of $2.02–$2.07 EPS.

NiSource (NYSE:NI - Get Free Report) had its target price dropped by equities research analysts at Barclays from $45.00 to $44.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. Barclays's price target suggests a potential upside of 5.06% from the stock's current price.

NI has been the subject of several other research reports. BMO Capital Markets lifted their price target on NiSource from $45.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday. Weiss Ratings downgraded NiSource from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, September 22nd. Mizuho dropped their target price on NiSource from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Wednesday, August 26th. LADENBURG THALM/SH SH cut their target price on NiSource from $51.50 to $51.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Finally, KeyCorp decreased their price target on NiSource from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NiSource currently has a consensus rating of "Moderate Buy" and an average price target of $48.42.

NiSource Price Performance

NiSource stock traded down $0.80 during mid-day trading on Monday, reaching $41.88. 3,922,937 shares of the company's stock traded hands, compared to its average volume of 4,713,611. NiSource has a 12-month low of $38.42 and a 12-month high of $49.21. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average of $40.90 and a two-hundred day moving average of $44.75. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.19 and a beta of 0.55.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that NiSource will post 2.05 earnings per share for the current year.

Insider Activity

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 transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On NiSource

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of NiSource during the second quarter valued at about $2,613,234,000. Deutsche Bank AG purchased a new position in shares of NiSource in the 2nd quarter valued at approximately $574,295,000. Legal & General Group Plc purchased a new position in shares of NiSource in the 2nd quarter valued at approximately $179,838,000. Bank of America Corp DE acquired a new stake in NiSource in the 2nd quarter worth approximately $172,516,000. Finally, Bank of New York Mellon Corp acquired a new stake in NiSource in the 2nd quarter worth approximately $146,785,000. 91.64% of the stock is owned by 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.

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