NiSource (NYSE:NI) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

23 Oct 2026, 06:12 by Tristan Rich · The Markets Daily

NiSource (NYSE:NI – Free Report) had its price objective decreased by JPMorgan Chase & Co. from $52.00 to $51.00 in a report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the utilities provider’s stock.

Several other equities research analysts also recently commented on NI. Citigroup cut their target price on shares of NiSource from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Mizuho dropped their price target on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Weiss Ratings lowered shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 22nd. Royal Bank Of Canada started coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of NiSource from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday. Thirteen investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.68.

Get Our Latest Stock Analysis on NI

NiSource Trading Up 1.6%

Shares of NI stock opened at $43.67 on Tuesday. The firm has a market capitalization of $20.94 billion, a P/E ratio of 23.23, a P/E/G ratio of 3.21 and a beta of 0.55. NiSource has a twelve month low of $38.42 and a twelve month high of $49.21. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The stock’s fifty day simple moving average is $40.97 and its 200 day simple moving average is $44.63.

NiSource (NYSE:NI – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%. During the same period last year, the company earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts predict that NiSource will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s payout ratio is currently 63.83%.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the firm’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 transaction of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NI. BlackRock Inc. acquired a new stake in NiSource in the second quarter worth $2,613,234,000. Deutsche Bank AG bought a new stake in NiSource in the second quarter valued at $574,295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NiSource by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,381,989 shares of the utilities provider’s stock valued at $208,364,000 after purchasing an additional 183,321 shares during the period. Legal & General Group Plc acquired a new position in shares of NiSource during the second quarter valued at about $179,838,000. Finally, BROOKFIELD Corp ON raised its holdings in shares of NiSource by 154.7% during the first quarter. BROOKFIELD Corp ON now owns 3,680,202 shares of the utilities provider’s stock valued at $171,718,000 after purchasing an additional 2,235,394 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Key Headlines Impacting NiSource

Here are the key news stories impacting NiSource this week:

Positive Sentiment: HSBC initiated coverage with a Buy rating and a $49.50 price target, implying approximately 13.3% upside from the referenced price. The endorsement adds a new bullish view and suggests the firm sees room for earnings and valuation improvement. HSBC initiates coverage of NiSource with buy rating
Positive Sentiment: NiSource’s expanding data-center power business could provide a long-term growth driver as electricity demand rises. The analysis also characterizes NI shares as inexpensive relative to that opportunity. Electric Utility NiSource’s Data-Center Power Business Can Continue to Grow
Positive Sentiment: Analysts expect NiSource’s upcoming earnings report to show growth and believe the company has characteristics that could support an earnings beat. NiSource’s current fiscal-year guidance is $2.02–$2.07 in adjusted EPS. NiSource Earnings Expected to Grow
Neutral Sentiment: BMO Capital lowered its price target to $47 from $48. The reduction is mildly negative, although the revised target remains above the referenced share price. BMO Capital Adjusts NiSource Price Target
Negative Sentiment: JPMorgan and Barclays issued more cautious forecasts for NI, adding pressure to the bullish HSBC view and signaling concerns about valuation or future performance. JPMorgan Lowers Expectations for NiSource Barclays Issues Pessimistic Forecast for NiSource
Negative Sentiment: One analysis argues that NiSource may be overvalued relative to its dividend outlook, potentially limiting appeal for income-focused investors. NiSource Stock Looks Overvalued Against Its Dividend Outlook

NiSource Company Profile

(Get Free Report)

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.