Fintel reports that on September 5, 2025, Jefferies downgraded their outlook for NiSource (NYSE:NI) from Buy to Hold.

Analyst Price Forecast Suggests 14.26% Upside

As of September 2, 2025, the average one-year price target for NiSource is $46.08/share. The forecasts range from a low of $44.44 to a high of $50.56. The average price target represents an increase of 14.26% from its latest reported closing price of $40.33 / share.

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The projected annual revenue for NiSource is 6,025MM, a decrease of 1.72%. The projected annual non-GAAP EPS is 1.79.

What is the Fund Sentiment?

There are 1,562 funds or institutions reporting positions in NiSource. This is an increase of 9 owner(s) or 0.58% in the last quarter. Average portfolio weight of all funds dedicated to NI is 0.29%, an increase of 4.26%. Total shares owned by institutions increased in the last three months by 2.78% to 567,158K shares. The put/call ratio of NI is 0.60, indicating a bullish outlook.

What are Other Shareholders Doing?

T. Rowe Price Investment Management holds 40,717K shares representing 8.65% ownership of the company. In its prior filing, the firm reported owning 24,021K shares , representing an increase of 41.00%. The firm increased its portfolio allocation in NI by 62.81% over the last quarter.

PRWCX - T. Rowe Price Capital Appreciation Fund holds 26,049K shares representing 5.53% ownership of the company. In its prior filing, the firm reported owning 16,115K shares , representing an increase of 38.14%. The firm increased its portfolio allocation in NI by 53.54% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,179K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 14,876K shares , representing an increase of 1.99%. The firm decreased its portfolio allocation in NI by 8.40% over the last quarter.

Deutsche Bank Ag\ holds 13,976K shares representing 2.97% ownership of the company. In its prior filing, the firm reported owning 14,605K shares , representing a decrease of 4.50%. The firm decreased its portfolio allocation in NI by 93.56% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 13,361K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 13,059K shares , representing an increase of 2.26%. The firm decreased its portfolio allocation in NI by 8.54% over the last quarter.