NiSource (NYSE:NI) Stock Rated "Buy" in New Coverage at HSBC

Key Points

• HSBC initiated coverage of NiSource with a “Buy” rating and a $49.50 price target, implying approximately 15% upside from the reported $43.03 share price.
• Analyst sentiment is broadly positive: 13 analysts rate the stock Buy and two rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of $48.68.
• NiSource met quarterly EPS expectations at $0.16 and exceeded revenue estimates with $1.34 billion, while maintaining fiscal 2026 EPS guidance of $2.02–$2.07.

HSBC started coverage on shares of NiSource (NYSE:NI - Get Free Report) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a "buy" rating and a $49.50 price target on the utilities provider's stock. HSBC's price objective points to a potential upside of 15.04% from the company's current price.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on NiSource from $52.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday. Scotiabank initiated coverage on NiSource in a research note on Tuesday, September 29th. They set a "sector perform" rating and a $43.00 target price for the company. Weiss Ratings cut NiSource from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 22nd. Royal Bank Of Canada started coverage on NiSource in a report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 target price on the stock. Finally, Barclays dropped their price target on shares of NiSource from $45.00 to $44.00 and set an "overweight" rating on the stock in a research report on Monday. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.68.

NiSource Price Performance

Shares of NYSE NI opened at $43.03 on Thursday. NiSource has a 1-year low of $38.42 and a 1-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. The business's fifty day moving average price is $40.94 and its two-hundred day moving average price is $44.66. The firm has a market capitalization of $20.64 billion, a PE ratio of 22.89, a P/E/G 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%. During the same period in the previous year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts expect that NiSource will post 2.05 EPS for the current year.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were 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 in the company, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NiSource

A number of hedge funds have recently modified their holdings of NI. BlackRock Inc. acquired a new position in NiSource in the 2nd quarter valued at $2,613,234,000. IFM Investors Pty Ltd raised its holdings in NiSource by 13.8% in the 1st quarter. IFM Investors Pty Ltd now owns 223,244 shares of the utilities provider's stock worth $10,417,000 after acquiring an additional 27,048 shares during the period. Union Bancaire Privee UBP SA lifted its position in NiSource by 227.4% during the 1st quarter. Union Bancaire Privee UBP SA now owns 105,656 shares of the utilities provider's stock worth $4,930,000 after acquiring an additional 73,384 shares during the last quarter. Nykredit A S acquired a new position in NiSource during the 2nd quarter worth $5,663,000. Finally, OP Asset Management Ltd bought a new stake in NiSource during the first quarter valued at about $2,629,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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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