NiSource (NYSE:NI) Hits New 12-Month Low - What's Next?

Key Points

• NiSource shares hit a new 52-week low of $38.86, trading below their 50-day and 200-day moving averages. Despite the decline, analysts maintain a “Moderate Buy” consensus with an average price target of $48.75.
• The company met quarterly EPS expectations at $0.16 and exceeded revenue estimates with $1.34 billion, while projecting fiscal 2026 EPS of $2.02–$2.07.
• NiSource declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 3.1% yield. Institutional investors own 91.64% of the company, though an executive recently sold 37,509 shares.

NiSource, Inc (NYSE:NI - Get Free Report)'s share price reached a new 52-week low on Tuesday. The stock traded as low as $38.86 and last traded at $38.9010, with a volume of 172 shares trading hands. The stock had previously closed at $39.10.

Analysts Set New Price Targets

A number of research firms have issued reports on NI. Royal Bank Of Canada started coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 target price for the company. Scotiabank initiated coverage on shares of NiSource in a report on Tuesday. They issued a "sector perform" rating and a $43.00 target price on the stock. Barclays cut their price objective on NiSource from $51.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, August 7th. LADENBURG THALM/SH SH dropped their price objective on shares of NiSource from $51.50 to $51.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Finally, Mizuho cut their target price on NiSource from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.75.

NiSource Stock Performance

The stock has a 50 day moving average price of $42.14 and a two-hundred day moving average price of $45.32. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.94 and a beta of 0.54. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

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

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, October 30th. NiSource's dividend payout ratio (DPR) is currently 63.83%.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction 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 transaction, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NiSource

Institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its holdings in shares of NiSource by 26.8% during the 2nd quarter. QRG Capital Management Inc. now owns 17,816 shares of the utilities provider's stock worth $847,000 after acquiring an additional 3,770 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of NiSource by 29.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,773 shares of the utilities provider's stock valued at $607,000 after purchasing an additional 2,909 shares in the last quarter. Tidal Investments LLC increased its position in NiSource by 44.8% in the 2nd quarter. Tidal Investments LLC now owns 545,461 shares of the utilities provider's stock valued at $25,937,000 after acquiring an additional 168,704 shares during the period. National Pension Service raised its position in NiSource by 68.3% during the 2nd quarter. National Pension Service now owns 74,156 shares of the utilities provider's stock worth $3,526,000 after purchasing an additional 30,098 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of NiSource by 59.1% during the 2nd quarter. WINTON GROUP Ltd now owns 32,211 shares of the utilities provider's stock valued at $1,532,000 after purchasing an additional 11,963 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

About NiSource

NiSource Inc NYSE: NI is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.

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