Wells Fargo & Company Increases NiSource (NYSE:NI) Price Target to $49.00

NiSource (NYSE:NI) had its target price upped by Wells Fargo & Company from $47.00 to $49.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.17% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Mizuho upped their price objective on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a research note on Friday, October 31st. UBS Group lifted their price target on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets upped their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.89.

NiSource Stock Performance

NI stock traded up $0.15 during midday trading on Tuesday, hitting $44.08. The stock had a trading volume of 830,933 shares, compared to its average volume of 3,093,621. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.72 and a beta of 0.65. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The stock has a 50-day simple moving average of $42.35 and a 200 day simple moving average of $42.15. NiSource has a 52 week low of $35.64 and a 52 week high of $44.88.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $983.25 million. During the same quarter in the prior year, the company posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. As a group, equities research analysts anticipate that NiSource will post 1.91 earnings per share for the current year.

Insider Buying and Selling at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, the executive vice president owned 41,247 shares of the company’s stock, valued at $1,778,983.11. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.

Institutional Trading of NiSource

Several institutional investors and hedge funds have recently added to or reduced their stakes in NI. Crewe Advisors LLC boosted its stake in shares of NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 667 shares during the last quarter. Country Trust Bank acquired a new stake in NiSource during the 2nd quarter worth $28,000. Ameritas Advisory Services LLC bought a new stake in shares of NiSource during the 2nd quarter valued at $32,000. Finally, REAP Financial Group LLC acquired a new position in shares of NiSource in the 3rd quarter valued at $32,000. 91.64% of the stock is owned by institutional investors.

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.