TICKERNERD
Menu
NINIUtilities · Utilities - Regulated Gas

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

Last close, 16 Oct 2026
$43
+3.47% on the day

The 16 Wall Street analysts covering NiSource, Inc. hold a median 12-month price target of $49 — +14.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 44 of 100 as at 15 Oct 2026 — in the lower half.

Market cap
$19.8B
Ticker Nerd rank
44 / 100
Median analyst target
$49
Analysts covering
16
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
+4.7%
1M
+5.0%
YTD
+4.2%
1Y
+1.4%
From 52W high
−12.5%
From 52W low
+9.4%
$39
$49
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 15 Oct 2026
44 / 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
82
Volatility
66
Growth
66
Revisions
65
Momentum
58
Value
40
Accruals
39
Issuance
25
Size
10

Quality (82): The business earns solid, repeatable profits on what it owns.

Issuance (25): The company has been issuing shares or taking on financing, diluting existing holders.

Size (10): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen 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 says16 analysts
13 Buy3 Hold0 Sell
Low $43Median $49High $52

The green dot is the last close — the median target sits +14.8% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 1 moved their price target up and 7 moved it down.

DateFirmActionRatingTarget
13 Oct 2026KeybancMaintainsOverweight$50 → $48
29 Sept 2026ScotiabankInitiatesSector Perform$43
28 Sept 2026BMO CapitalMaintainsOutperform$49 → $45
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—
20 July 2026BarclaysMaintainsOverweight$49 → $51
20 July 2026BarclaysMaintainsOverweight—
17 July 2026BMO CapitalMaintainsOutperform$51 → $49
17 July 2026BMO CapitalMaintainsOutperform—
2 July 2026RBC CapitalInitiatesOutperform—
11 May 2026CitigroupMaintainsNeutral—
7 May 2026Wells FargoMaintainsOverweight—
17 Apr 2026BarclaysMaintainsOverweight—
31 Mar 2026KeybancInitiatesOverweight—

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.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. NI appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

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 16 Oct 2026, NiSource, Inc. returned +1.4% against +16.8% for the S&P 500, dividends included.

NI vs S&P 500, last 12 monthsTotal return, rebased to 100
9095100105110115120Jan 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 movingNext fiscal year
EPS revision, 90 days
−0.3%
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
22.1×

Cheaper than 34% of US stocks

Price / sales
2.9×

Cheaper than 41% of US stocks

Price / book
2.1×

Cheaper than 42% of US stocks

EV / EBITDA
13.0×

Cheaper than 27% of US stocks

Growth & margins
Revenue growth (YoY)
4.6%

Higher than 38% of US stocks

Earnings growth (YoY)
−55.5%

Higher than 9% of US stocks

Gross margin
50.2%

Higher than 62% of US stocks

Operating margin
17.2%

Higher than 75% of US stocks

Net margin
13.2%

Higher than 75% of US stocks

Returns & dividend
Return on equity
8.5%

Higher than 60% of US stocks

Return on assets
3.2%

Higher than 67% of US stocks

Dividend yield
2.9%

Higher than 85% 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 $19.8B and an enterprise value of $39.5B.

  • Revenue in the twelve months to 30 June 2026: $6.9B. The latest quarter grew 4.6% 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: 22.1×; forward P/E: 18.3× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 2.91%, paying out 62% 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 16 Oct 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.$19.8B
44
ATOAtmos Energy Corp.$27.1B
31
UGIUGI Corp.$8.0B
55
SWXSouthwest Gas Holdings, Inc.$6.2B
55
BKHBlack Hills Corp.$5.8B
40
NJRNew Jersey Resources Corp.$5.2B
67
BIPCBrookfield Infrastructure Corp.$5.0B
43

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 announces long-term agreement with Microsoft expected to increase customer savings and support Indiana's economic growth

Business Wire · 16 Oct 2026positive

NiSource announced a new long-term energy agreement with Microsoft for its previously announced northwest Indiana campus. The company said the agreement is expected to expand customer savings and support regional economic growth.

Why it matters — The agreement links a new large-load customer with NiSource's stated goals of customer affordability and regional economic development.

NiSource to Release Third Quarter 2026 Financial Results and Host Conference Call on October 28

Business Wire · 14 Oct 2026neutral

NiSource announced it will release its third-quarter 2026 financial results before U.S. markets open on October 28, 2026. The company will host a conference call at 11 a.m. EDT (10 a.m. CT) that day to review results and provide a general business update.

Why it matters — NI watchers can follow the scheduled results release and hear management's review and business update on the conference call.

2 Dividend Machines With 20+ Years Of Payouts, Now On Sale

Seeking Alpha · 7 Oct 2026neutral

Seeking Alpha says higher interest rates have pulled back two long-running dividend payers, creating an opportunity to buy them at yields not seen in years. The excerpt describes an infrastructure fund and a cash-generative blue chip, but does not identify either company.

Why it matters — The commentary concerns dividend-paying investments and interest-rate effects, themes relevant to NI watchers, but it does not mention NiSource specifically.

NiSource: Attractive Despite Data Center And Storm Recovery Concerns

Seeking Alpha · 18 Sept 2026positive

Seeking Alpha reiterates a "Buy" recommendation on NiSource despite a 14% decline since July, citing manageable storm-related earnings impacts and a robust data center growth pipeline of 4 GW contracted with another 3 GW advancing, while noting political pushback may slow incremental expansion.

Why it matters — For NiSource watchers, this affirms the company's growth outlook and cost resilience, reassuring that storm and data center concerns are being managed while regulatory relationships remain strong.

NiSource releases 2025 Sustainability Report, highlighting progress to shape a more sustainable energy future

Business Wire · 10 Sept 2026positive

NiSource released its 2025 Sustainability Report, "Energizing a Sustainable Future," outlining achievements that aim to shape a safer, more resilient energy environment for customers and communities. The report highlights progress in connecting day-to-day operations with long-term sustainability goals and reducing environmental impacts across its operating footprint.

Why it matters — The report signals NiSource's continued commitment to sustainability, which is relevant to investors tracking the company's environmental goals and operational resilience.

FAQ

Frequently asked questions about NI stock

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

The 16 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 16 analysts covering NiSource, Inc., 13 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks NiSource, Inc. 44 out of 100 across roughly 4,600 US stocks as at 15 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank NI?

As at 15 Oct 2026, NiSource, Inc. ranks 44 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 (82 of 100).

Will NI stock go up?

No one can know that. What the data says: the median 12-month target from 16 analysts implies +14.8% from the last close, and Ticker Nerd's factor model ranks NiSource, Inc. 44 out of 100 as at 15 Oct 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 +1.4% over the 12 months to 16 Oct 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 (Business Wire, 16 Oct 2026): "NiSource announces long-term agreement with Microsoft expected to increase customer savings and support Indiana's economic growth". NiSource announced a new long-term energy agreement with Microsoft for its previously announced northwest Indiana campus. The company said the agreement is expected to expand customer savings and support regional economic growth.

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