NiSource (NYSE:NI) Issues FY 2026 Earnings Guidance

NiSource (NYSE:NI) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.020-2.070 for the period, compared to the consensus estimate of 2.040. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Mizuho boosted their price target on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Evercore increased their price target on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $50.00 in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.11.

NiSource Price Performance

Shares of NiSource stock traded up $0.37 during midday trading on Wednesday, hitting $45.10. 2,746,338 shares of the company traded hands, compared to its average volume of 4,147,303. The firm’s fifty day moving average price is $42.63 and its 200-day moving average price is $42.55. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 3.65 and a beta of 0.65. NiSource has a 12 month low of $35.64 and a 12 month high of $45.62. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.52.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter in the prior year, the firm earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast that NiSource will post 1.91 earnings per share for the current year.

NiSource Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.28. NiSource’s payout ratio is currently 63.49%.

Insider Activity at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the sale, the executive vice president directly owned 41,247 shares in the company, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

NiSource News Summary

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: Q4 beat and strong revenue — NiSource reported $0.51 EPS vs. $0.49 expected and reported $1.90B in revenue (well above some estimates). Results show improved margins and modest YoY EPS growth, supporting near‑term earnings credibility. NiSource beats fourth-quarter profit estimates, reaffirms 2026 forecast
• Positive Sentiment: Reaffirmed FY‑2026 guidance and capex plan — management reiterated EPS guidance of $2.020–2.070 and outlined a robust capital spending roadmap to serve rising commercial demand, including AI/data centers, which supports growth visibility and utility rate base expansion. View Press Release
• Positive Sentiment: Short interest fell sharply in January (down ~20% to ~8.65M shares), lowering potential selling pressure and the days‑to‑cover (~1.9 days) — this reduction can make upside moves stickier by removing some short liquidity.
• Neutral Sentiment: Sector view: Jefferies still likes dividend-paying utilities but urges caution — the firm’s interest in utilities can support inflows to names like NI, but its caution signals potential valuation/headwind risk if macro or rate trends shift. Jefferies Loves 5 Dividend-Paying Utility Stocks but Warns of Caution on the Sector
• Neutral Sentiment: Local/community activity — NiSource subsidiaries (NIPSCO, Columbia Gas) are opening environmental grant applications; positive for regulatory/community relations but unlikely to move the stock materially. 2026 Environmental Action Grant applications are open

Hedge Funds Weigh In On NiSource

Hedge funds and other institutional investors have recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new position in shares of NiSource in the 2nd quarter valued at about $56,000. Larson Financial Group LLC lifted its stake in NiSource by 21.1% in the third quarter. Larson Financial Group LLC now owns 1,518 shares of the utilities provider’s stock valued at $66,000 after buying an additional 264 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of NiSource during the 3rd quarter worth approximately $82,000. Acadian Asset Management LLC bought a new stake in NiSource in the first quarter valued at $105,000. Finally, Parallel Advisors LLC raised its stake in NiSource by 8.8% during the 3rd quarter. Parallel Advisors LLC now owns 3,448 shares of the utilities provider’s stock worth $149,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NiSource

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.