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NI Stock Forecast: NiSource, Inc. Price Predictions for 2026-2027

Last close, 5 Nov 2026
$44
−1.88% on the day

The 17 Wall Street analysts covering NiSource, Inc. hold a median 12-month price target of $49 — +10.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 38 of 100 as at 5 Nov 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$21.3B
Ticker Nerd rank
38/ 100
Median analyst target
$49
Analysts covering
17
Revenue$1.3B+4.6% y/y
Operating income$228.1M
Net income$36.9M
Free cash flow−$417.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−0.0%
1M
+13.1%
YTD
+9.3%
1Y
+6.4%
From 52W high
−8.2%
From 52W low
+14.7%
$39
$48
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

NI stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores NiSource, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 5 Nov 2026
38/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
80
Volatility
63
Momentum
62
Revisions
60
Growth
48
Accruals
38
Value
35
Issuance
26
Size
9

Quality (80): The business earns solid, repeatable profits on what it owns.

Issuance (26): The company has been issuing shares or taking on financing, diluting existing holders.

Size (9): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

NI stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on NI, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$40$45$50Jan 26Apr 26Jul 26Oct 26NIHigh $52Median $49Low $43

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says17 analysts
13 Buy4 Hold0 Sell
Low $43Median $49High $52

The green dot is the last close — the median target sits +10.3% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 9 moved it down.

DateFirmActionRatingTarget
22 Oct 2026HSBCInitiatesBuy$50
20 Oct 2026JP MorganMaintainsOverweight$52 → $51
19 Oct 2026BarclaysMaintainsOverweight$45 → $44
19 Oct 2026BMO CapitalMaintainsOutperform$45 → $48
14 Oct 2026CitigroupMaintainsNeutral$49 → $45
14 Oct 2026CitigroupMaintainsNeutral—
13 Oct 2026KeybancMaintainsOverweight$50 → $48
13 Oct 2026KeybancMaintainsOverweight—
29 Sept 2026ScotiabankInitiatesSector Perform$43
29 Sept 2026ScotiabankInitiatesSector Perform—
28 Sept 2026BMO CapitalMaintainsOutperform$49 → $45
28 Sept 2026BMO CapitalMaintainsOutperform—
26 Aug 2026MizuhoMaintainsOutperform$50 → $48
26 Aug 2026MizuhoMaintainsOutperform—
17 Aug 2026Ladenburg ThalmannMaintainsBuy$52 → $51
17 Aug 2026Ladenburg ThalmannMaintainsBuy—
7 Aug 2026BarclaysMaintainsOverweight—
7 Aug 2026BarclaysMaintainsOverweight$51 → $45
23 July 2026KeybancMaintainsOverweight$52 → $50
23 July 2026KeybancMaintainsOverweight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

NI appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
  • The AI build-out map, free: every AI company we track, part by part, and one part in full with each verdict.

Free. Unsubscribe any time.

The AI build-out map
PDF

  • AI cloud capacity

    MSFTAMZNGOOGLORCL

  • AI chips

    NVDAAVGOAMDMU

  • AI networking and serversIn full

    ANETDELLLITECRDO

  • Data centre power

    VRTCEGGEVVST

Performance

NI vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 5 Nov 2026, NiSource, Inc. returned +6.4% against +9.3% for the S&P 500, dividends included.

NI vs S&P 500, last 12 monthsTotal return, rebased to 100
9095100105110115Jan 26Apr 26Jul 26Oct 26NIS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

NI analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingThis fiscal year
EPS revision, 90 days
+0.1%
Analysts raising
1
Analysts cutting
4
Fundamentals

NiSource, Inc. (NI) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
22.8×

Cheaper than 33% of US stocks

Price / sales
3.1×

Cheaper than 38% of US stocks

Price / book
2.2×

Cheaper than 39% of US stocks

EV / EBITDA
13.5×

Cheaper than 27% of US stocks

Growth & margins
Revenue growth (YoY)
6.0%

Higher than 43% of US stocks

Earnings growth (YoY)
36.7%

Higher than 70% of US stocks

Gross margin
50.2%

Higher than 62% of US stocks

Operating margin
25.2%

Higher than 84% of US stocks

Net margin
13.5%

Higher than 75% of US stocks

Returns & dividend
Return on equity
8.7%

Higher than 60% of US stocks

Return on assets
3.3%

Higher than 67% of US stocks

Dividend yield
2.7%

Higher than 84% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

NiSource, Inc. (NI) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • NiSource, Inc. has a market value of $21.3B and an enterprise value of $41.9B.

  • Revenue in the twelve months to 30 June 2026: $6.9B. The latest quarter grew 6.0% year on year.

  • Net income over the same four quarters: $978.5M, a 14.2% net margin.

  • Free cash flow in the twelve months to 30 June 2026: −$1.5B, after $3.4B of capital spending.

  • NiSource, Inc. spent $559.5M on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 479.5M.

  • Trailing P/E: 22.8×; forward P/E: 19.8× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 2.70%, paying out 61% of earnings.

  • NiSource, Inc. employs 7,668 people — $897K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 6 Nov 2026

Data provided by Twelve Data

Peers

NI vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelUtilities - Regulated Gas
CompanyMarket capTKN rank
NINiSource, Inc.$21.3B38
ATOAtmos Energy Corp.$29.0B34
UGIUGI Corp.$8.0B61
SWXSouthwest Gas Holdings, Inc.$6.5B27
BKHBlack Hills Corp.$6.5B41
NJRNew Jersey Resources Corp.$5.5B73
SRSpire Inc.$5.3B28

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own NiSource, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest NI news & analysis

NiSource: Big Tech Wants More Power, And This Utility Is Ready

Seeking Alpha · 29 Oct 2026positive

Seeking Alpha reports that NiSource has regulatory-approved agreements with Amazon and Microsoft for data center power, supporting a $40 billion investment plan and 10–11% long-term EPS growth guidance through 2033. The article notes NI’s premium valuation relative to the utility sector.

Why it matters — The data center agreements and related investment plans are central to NiSource’s stated long-term growth outlook.

What NiSource (NI) Said on Its Q3 Earnings Call

MarketBeat · 29 Oct 2026positive

NiSource reported third-quarter 2026 consolidated adjusted EPS of $0.27, compared with $0.19 a year earlier. It narrowed its full-year outlook to the upper half of its previous $2.02–$2.07 adjusted EPS range.

Why it matters — The earnings and updated outlook provide NI watchers with the company’s latest reported results and full-year expectation.

NIPSCO to Deliver $57.5 Million in Savings to Electric Customers From Data Center Development

Business Wire · 28 Oct 2026positive

NiSource announced that NIPSCO will deliver $57.5 million in savings to existing electric customers generated through data center development. Subject to regulatory approval, average residential customers are expected to receive an approximately $5 monthly bill credit for 18 months, beginning about 30 days after approval.

Why it matters — The announcement links data center development to customer savings through NiSource’s GenCo model, with the credits contingent on regulatory approval.

NiSource Q3 Earnings Beat Estimates on Columbia Gains, Revenues Miss

Zacks Investment Research · 28 Oct 2026positive

NiSource's third-quarter earnings beat estimates, supported by gains at Columbia, while revenue fell short. The company also expanded data center deals and raised its long-term investment plan.

Why it matters — NI watchers may note the earnings beat alongside the revenue miss and the company's expanded data center activity and higher investment plan.

NiSource Inc. (NI) Q3 2026 Earnings Call Transcript

Seeking Alpha · 28 Oct 2026neutral

Seeking Alpha published a transcript of NiSource Inc.’s Q3 2026 earnings call. The provided excerpt contains no further details about the call.

Why it matters — NI watchers can refer to the transcript for the company’s Q3 2026 earnings-call discussion; no specific topics or results are described in the excerpt.

FAQ

Frequently asked questions about NI stock

What is the NI stock price forecast for 2026-2027?

The 17 Wall Street analysts covering NiSource, Inc. have a median 12-month price target of $49, with estimates ranging from $43 to $52. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is NI stock a buy right now?

Of the 17 analysts covering NiSource, Inc., 13 rate it a Buy, 4 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks NiSource, Inc. 38 out of 100 across roughly 4,600 US stocks as at 5 Nov 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank NI?

As at 5 Nov 2026, NiSource, Inc. ranks 38 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (80 of 100).

Will NI stock go up?

No one can know that. What the data says: the median 12-month target from 17 analysts implies +10.3% from the last close, and Ticker Nerd's factor model ranks NiSource, Inc. 38 out of 100 as at 5 Nov 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the NI stock forecast for 2030?

No analyst covering NiSource, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for NI are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $43 to $52 over the next 12 months.

How has NI stock performed over the past year?

NiSource, Inc. returned +6.4% over the 12 months to 5 Nov 2026, with dividends reinvested. Past performance does not indicate future returns.

What does NiSource, Inc. do?

NiSource Inc. is a regulated utility company that provides natural gas and electric service to homes, businesses, and industrial customers in the United States.

What is the latest news on NI?

The most recent item we track (Seeking Alpha, 29 Oct 2026): "NiSource: Big Tech Wants More Power, And This Utility Is Ready". Seeking Alpha reports that NiSource has regulatory-approved agreements with Amazon and Microsoft for data center power, supporting a $40 billion investment plan and 10–11% long-term EPS growth guidance through 2033. The article notes NI’s premium valuation relative to the utility sector.

Company

About NiSource, Inc.

NiSource Inc. is a regulated utility company that provides natural gas and electric service to homes, businesses, and industrial customers in the United States. NiSource operates through its Columbia Gas and NIPSCO brands, serving customers across six states with natural gas distribution, pipeline transportation, electric distribution, and power generation services. Its business is organized around two core segments: Columbia Operations, which focuses on natural gas delivery in multiple Midwestern and Mid-Atlantic states, and NIPSCO Operations, which serves northern Indiana with regulated gas and electric utility services. The company also supports wholesale electric and transmission activities and operates a mix of generation assets, including renewable energy facilities. Headquartered in Merrillville, Indiana, NiSource plays a key role in delivering essential energy infrastructure and utility services across its service territory.

CEO Mr. Lloyd M. Yates · 7,668 employees · United States · https://www.nisource.com