FY2026 Earnings Estimate for NiSource Issued By Scotiabank

Key Points

• Scotiabank estimates NiSource will earn $2.03 per share in FY2026 and $2.22 in FY2027, broadly in line with the FY2026 consensus estimate of $2.05. The bank maintained a “Sector Perform” rating and a $43 price target.
• NiSource reported quarterly EPS of $0.16, matching analyst expectations, while revenue of $1.34 billion exceeded the $1.15 billion consensus estimate. Management reaffirmed FY2026 EPS guidance of $2.02–$2.07.
• The utility declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 3.0% yield. Analysts collectively rate the stock “Moderate Buy,” with a consensus price target of $48.75.

NiSource, Inc (NYSE:NI - Free Report) - Equities researchers at Scotiabank issued their FY2026 EPS estimates for shares of NiSource in a note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp forecasts that the utilities provider will earn $2.03 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $43.00 target price on the stock. The consensus estimate for NiSource's current full-year earnings is $2.05 per share. Scotiabank also issued estimates for NiSource's FY2027 earnings at $2.22 EPS.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada assumed coverage on NiSource in a research report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price target on the stock. BMO Capital Markets reduced their price objective on NiSource from $49.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, September 28th. LADENBURG THALM/SH SH lowered their price objective on NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Barclays dropped their target price on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, August 7th. Finally, KeyCorp cut their target price on NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $48.75.

NiSource Price Performance

Shares of NYSE NI opened at $39.44 on Monday. NiSource has a fifty-two week low of $38.42 and a fifty-two week high of $49.21. The company has a 50 day simple moving average of $41.58 and a two-hundred day simple moving average of $45.11. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.94 and a beta of 0.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $1.15 billion. During the same period last year, the business earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. NiSource's dividend payout ratio is presently 63.83%.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction 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 $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NiSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of NiSource in the 2nd quarter worth $2,613,234,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider's stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of NiSource during the second quarter valued at $574,295,000. Capital International Investors boosted its position in shares of NiSource by 0.4% during the fourth quarter. Capital International Investors now owns 8,167,328 shares of the utilities provider's stock valued at $341,068,000 after buying an additional 31,171 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NiSource by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,381,989 shares of the utilities provider's stock valued at $208,364,000 after buying an additional 183,321 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NiSource Company Profile

NiSource Inc NYSE: NI is a regulated utility company that delivers natural gas and electricity to residential, commercial and industrial customers. Its operations are primarily conducted through local utility subsidiaries, including Columbia Gas and Northern Indiana Public Service Company (NIPSCO).

NiSource's natural gas businesses distribute gas through networks serving customers in Ohio, Pennsylvania, Virginia, Maryland and Kentucky. NIPSCO provides regulated natural gas and electric service in northern Indiana, where the company also operates electric generation and transmission and distribution infrastructure.

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