Ross Fowler, an analyst from Bank of America Securities, maintained the Buy rating on Nisource. The associated price target remains the same with $45.00.
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Ross Fowler has given his Buy rating due to a combination of factors that highlight NiSource’s strong financial and operational position. The company has demonstrated a solid earnings growth profile, with a reported second-quarter 2025 adjusted EPS of $0.22, surpassing both the Street and BofA estimates of $0.21. This growth is attributed to increased revenues from capital investments, despite facing higher operating expenses.
Furthermore, NiSource has raised its full-year 2025 EPS guidance midpoint to $1.88, aligning with BofA and Street estimates. The company is on track with its ambitious $19.4 billion capital expenditure plan for 2025-2029, which is expected to drive significant rate base and EPS growth. Additionally, NiSource’s strategic initiatives, such as its focus on data center opportunities and regulatory advancements, further bolster its growth prospects, supporting the Buy recommendation.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $48.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NI in relation to earlier this year.