NiSource (NI) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NiSource in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NI shares.
View NI analyst ratings or view top-rated stocks.

4 equities research analysts have issued twelve-month target prices for NiSource's shares. Their NI share price forecasts range from $27.00 to $31.00. On average, they predict the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for NI or view top-rated stocks among Wall Street analysts.

NiSource's stock was trading at $27.42 on January 1st, 2023. Since then, NI shares have decreased by 3.0% and is now trading at $26.60.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our NI earnings forecast.

NiSource Inc. (NYSE:NI) released its quarterly earnings data on Wednesday, August, 2nd. The utilities provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by $0.02. The utilities provider earned $1.09 billion during the quarter, compared to analysts' expectations of $1.16 billion. NiSource had a trailing twelve-month return on equity of 10.90% and a net margin of 12.00%. During the same period in the previous year, the firm earned $0.12 EPS.
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NiSource announced a quarterly dividend on Monday, August 7th. Investors of record on Tuesday, October 31st will be given a dividend of $0.25 per share on Monday, November 20th. This represents a $1.00 annualized dividend and a yield of 3.76%. The ex-dividend date is Monday, October 30th.
Read our dividend analysis for NI.

ETFs with the largest weight of NiSource (NYSE:NI) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Tortoise North American Pipeline Fund (TPYP), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust Utilities AlphaDEX Fund (FXU), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and WisdomTree U.S. AI Enhanced Value Fund (AIVL).

NiSource (NYSE:NI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.70%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 69.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NI will have a dividend payout ratio of 59.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NI.

62 employees have rated NiSource Chief Executive Officer Joseph Hamrock on Glassdoor.com. Joseph Hamrock has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other NiSource investors own include AT&T (T), Verizon Communications (VZ), Kinder Morgan (KMI), Exxon Mobil (XOM), Cisco Systems (CSCO), Walt Disney (DIS), Procter & Gamble (PG), Duke Energy (DUK), Pfizer (PFE) and Southern (SO).

NiSource trades on the New York Stock Exchange (NYSE) under the ticker symbol "NI."

NiSource's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.80%), State Street Corp (5.33%), Barclays PLC (3.20%), Jennison Associates LLC (3.16%), Geode Capital Management LLC (2.17%) and Franklin Resources Inc. (1.63%). Insiders that own company stock include Daniel A Creekmur, Donald Eugene Brown, Eric L Butler, Kimberly S Cuccia, Lloyd M Yates, Michael E Jesanis, Michael Hooper, Pablo Vegas, Shawn Anderson and William Jr Jefferson.
View institutional ownership trends.

Shares of NI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NI stock can currently be purchased for approximately $26.60.

NiSource (NYSE:NI) has a market capitalization of $10.99 billion and generates $5.85 billion in revenue each year. The utilities provider earns $804.10 million in net income (profit) each year or $1.44 on an earnings per share basis.

The company employs 7,162 workers across the globe.

NiSource's mailing address is 801 East 86th Avenue, Merrillville IN, 46410. The official website for the company is www.nisource.com. The utilities provider can be reached via phone at (877) 647-5990, via email at ndrew@nisource, or via fax at 219-647-6085.