NiSource (NI) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NiSource in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NI shares.
View NI analyst ratings or view top-rated stocks.

5 brokers have issued twelve-month target prices for NiSource's shares. Their NI share price forecasts range from $27.00 to $32.00. On average, they expect the company's stock price to reach $29.17 in the next twelve months. This suggests a possible upside of 9.0% 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 at the beginning of the year. Since then, NI shares have decreased by 2.4% and is now trading at $26.77.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NI earnings forecast.

NiSource Inc. (NYSE:NI) released its quarterly earnings results on Wednesday, May, 3rd. The utilities provider reported $0.77 earnings per share for the quarter, hitting analysts' consensus estimates of $0.77. The utilities provider earned $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. NiSource had a trailing twelve-month return on equity of 11.14% and a net margin of 11.72%. During the same period in the previous year, the company earned $0.75 earnings per share.
Read the conference call transcript.

NiSource announced a quarterly dividend on Tuesday, May 23rd. Investors of record on Monday, July 31st will be paid a dividend of $0.25 per share on Friday, August 18th. This represents a $1.00 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, July 28th.
Read our dividend analysis for NI.

ETFs with the largest weight of NiSource (NYSE:NI) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Tortoise North American Pipeline Fund (TPYP), Virtus Reaves Utilities ETF (UTES), Invesco DWA Utilities Momentum ETF (PUI), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Nuveen ESG Mid-Cap Value ETF (NUMV).

NiSource (NYSE:NI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.74%. 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 68.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NI will have a dividend payout ratio of 59.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NI.

NiSource updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $1.54-$1.60 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of -.

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (9.93%), State Street Corp (5.28%), Deutsche Bank AG (4.76%), Barclays PLC (3.27%), FMR LLC (2.88%) and Jennison Associates LLC (2.27%). Insiders that own company stock include Charles Edward Shafer II, Daniel A Creekmur, Donald Eugene Brown, Eric L Butler, Kimberly S Cuccia, Michael E Jesanis, Michael Hooper, Pablo Vegas and Shawn Anderson.
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 $26.77.

NiSource (NYSE:NI) has a market capitalization of $11.06 billion and generates $5.85 billion in revenue each year. The utilities provider earns $804.10 million in net income (profit) each year or $1.47 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.