NiSource (NYSE:NI) Reaches New 1-Year Low - Here's Why

Key Points

• NiSource shares hit a new 52-week low, trading as low as $40.04 and recently down 1.5%, despite analysts maintaining a “Moderate Buy” consensus and an average price target of $49.64.
• The utility reported quarterly EPS of $0.16, in line with estimates, while revenue of $1.34 billion exceeded the $1.15 billion consensus. Management maintained fiscal 2026 EPS guidance of $2.02–$2.07.
• NiSource declared a quarterly dividend of $0.30, equivalent to $1.20 annually and a 3.0% yield; an executive also sold 37,509 shares, while institutional investors own 91.64% of the stock.

NiSource, Inc (NYSE:NI - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $40.04 and last traded at $39.9020, with a volume of 3058091 shares trading hands. The stock had previously closed at $40.52.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NI. Royal Bank Of Canada assumed coverage on shares of NiSource in a report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a research report on Tuesday, July 21st. BMO Capital Markets cut their price target 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. KeyCorp reduced their price objective on shares of NiSource from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, Barclays decreased their price objective on shares of NiSource from $51.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, NiSource has an average rating of "Moderate Buy" and a consensus target price of $49.64.

NiSource Trading Down 1.5%

The stock has a market capitalization of $19.14 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 3.03 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. The firm has a 50-day moving average price of $42.80 and a 200-day moving average price of $45.59.

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 for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

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

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. 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

Several institutional investors and hedge funds have recently made changes to their positions in NI. Compass Financial Management LLC bought a new stake in NiSource in the 2nd quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of NiSource in the second quarter worth about $33,000. Godfrey Financial Associates Inc. bought a new stake in shares of NiSource in the fourth quarter valued at approximately $30,000. Western Wealth Management LLC bought a new stake in shares of NiSource in the first quarter valued at approximately $34,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of NiSource during the 2nd quarter valued at approximately $35,000. Institutional investors own 91.64% of the company's stock.

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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