Merrillville, Indiana-based NiSource Inc. (NI) is an energy holding company that operates as a regulated natural gas and electric utility company in the United States. The company has a market cap of $21.8 billion and operates in two segments, Columbia Operations and NIPSCO Operations, and provides natural gas to residential, commercial, and industrial customers.
The energy supplier’s shares have lagged behind the broader market over the past year, growing 3.5% compared to the S&P 500 Index’s ($SPX) 12.2% surge. Moreover, in 2026, the stock has risen nearly 7.9%, underperforming the SPX’s 10.3% rise as well.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
Focusing on its industry benchmark, the State Street Utilities Select Sector SPDR ETF (XLU) has declined 2.4% over the past year, underperforming the stock. In 2026, XLU has grown 2.6% and has also lagged behind the stock.
www.barchart.com On Oct. 28, NI stock rose marginally following the release of its mixed Q3 2026 earnings. The company’s revenue for the quarter amounted to $1.4 billion, failing to meet the Street’s estimates. However, its adjusted EPS amounted to $0.27, topping the consensus estimates. NiSource expects full-year earnings in the range of $2.02 to $2.07 per share. NI stock rose 2% in the next trading session as well.
For the current year, which ends in December, analysts expect NI’s EPS to rise 8.4% to $2.06 on a diluted basis. The company has met or surpassed the consensus estimate in each of the last four quarters.
Among the 17 analysts covering NI stock, the consensus is a “Moderate Buy.” That’s based on 11 “Strong Buy” ratings, one “Moderate Buy,” and five “Holds.”
www.barchart.com The configuration has remained relatively unchanged over the past months.
On Oct. 30, Mizuho Securities analyst Gabe Moreen maintained a “Buy” rating for NI stock and raised its price target from $48 to $49.
NI’s mean price target of $48.25 indicates a premium of 7.1% from the current market price. Its Street-high target of $52 implies a robust 15.4% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Diamondback Just Hiked Its Dividend by Over 7%. If You Buy the Stock Here, Keep a Close Eye on Oil Prices. As Organic Sales Growth Accelerates, 3M Seems Attractive Dear Rigetti Computing Stock Fans, Mark Your Calendars for November 10 A $10 Billion Reason Why Intuitive Machines (LUNR) Stock Is Up Today