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

Key Points

• Barclays lowered NiSource’s price target from $51 to $45 while maintaining an “overweight” rating, implying approximately 5% upside from the prior close.
• Analyst sentiment remains generally positive: NiSource has a consensus “Moderate Buy” rating and an average price target of $49.70, despite one recent downgrade to “sell.”
• NiSource’s shares closed at $42.85 after falling $0.53; the company met quarterly EPS expectations at $0.16 and reported revenue of $1.34 billion, above the $1.15 billion forecast.

NiSource (NYSE:NI - Get Free Report) had its price target decreased by Barclays from $51.00 to $45.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the utilities provider's stock. Barclays's price target suggests a potential upside of 5.02% from the company's previous close.

NI has been the subject of a number of other research reports. Wall Street Zen downgraded shares of NiSource from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. BMO Capital Markets lowered their target price on shares of NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, July 17th. Citigroup lifted their price target on shares of NiSource from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Monday, May 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada started coverage on NiSource in a research report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.70.

NiSource Stock Performance

NI stock traded down $0.53 during trading hours on Friday, hitting $42.85. 3,605,536 shares of the stock were exchanged, compared to its average volume of 4,439,393. NiSource has a 12 month low of $38.45 and a 12 month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.56 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $20.54 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.19 and a beta of 0.55. The company has a 50-day simple moving average of $46.40 and a two-hundred day simple moving average of $46.43.

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

Insider Buying and Selling at NiSource

In other news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president directly owned 117,899 shares in the company, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,500 shares of company stock valued at $1,305,675 over the last quarter. Company insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On NiSource

Several large investors have recently bought and sold shares of NI. BlackRock Inc. bought a new stake in shares of NiSource during the second quarter worth about $2,613,234,000. Deutsche Bank AG bought a new position in NiSource in the 2nd quarter valued at approximately $574,295,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in NiSource in the 2nd quarter valued at approximately $55,054,000. OneDigital Investment Advisors LLC acquired a new stake in NiSource during the 2nd quarter worth approximately $468,000. Finally, Trivium Point Advisory LLC acquired a new stake in NiSource during the 2nd quarter worth approximately $418,000. 91.64% of the stock is currently owned by institutional investors.

About NiSource

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.

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