NiSource (NYSE:NI) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered NiSource’s price target from $52 to $51 while maintaining an “overweight” rating, implying roughly 19% upside from the prior close.
• Analyst sentiment remains favorable: 11 analysts rate the stock a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of $48.62.
• NiSource shares rose 2.0% to $42.80, while the company reported quarterly EPS of $0.16 in line with estimates and revenue of $1.34 billion, above the $1.15 billion consensus.

NiSource (NYSE:NI - Get Free Report) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $52.00 to $51.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 19.16% from the company's previous close.

Several other research firms have also issued reports on NI. LADENBURG THALM/SH SH lowered their price target on NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a research report on Monday, August 17th. KeyCorp cut their price objective on shares of NiSource from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 13th. Royal Bank Of Canada assumed coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Barclays reduced their price objective on shares of NiSource from $45.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday. Finally, BMO Capital Markets lifted their target price on shares of NiSource from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.62.

NiSource Stock Up 2.0%

NI stock traded up $0.85 on Tuesday, reaching $42.80. 997,155 shares of the company traded hands, compared to its average volume of 4,716,817. The firm has a fifty day simple moving average of $40.90 and a 200-day simple moving average of $44.72. The company has a market cap of $20.52 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. NiSource has a one year low of $38.42 and a one year high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41.

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

Insider Activity at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction 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 sale, the executive vice president owned 78,527 shares of the company's stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

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

NiSource Company Profile

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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