BMO cuts target for NiSource stock to USD 45.00

Published on 10/02/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 1.34 billion against USD 1.15 billion consensus in the second quarter. NiSource stock costs EUR 35.27 after EUR 35.13, plus 0.40 percent.

Fotorealistische Gaspipeline führt zu einem Umspannwerk bei Sonnenuntergang in ländlicher Landschaft — NiSource Inc. US65473P1057 zeigt fotorealistische Gaspipeline und Umspannwerk im Sonnenuntergang, Infrastruktur Symbolbild, Illustration mit AI erstellt.

NiSource Inc. (ISIN US65473P1057) was trading at EUR 35.27 at Lang & Schwarz on October 2, 2026 at 12:05 p.m. CEST, up EUR 0.14 or 0.40 percent versus the prior close of EUR 35.13. The latest analyst move came on September 28, 2026, when BMO Capital cut its price target from USD 49.00 to USD 45.00 while keeping an Outperform rating, as Markets Insider reported.

BMO weighs regulatory clarity

BMO analyst James Thalacker linked the lower target to near-term political and regulatory clarity after meetings with NiSource management. The note also kept the long-term view constructive because data center development uncertainty in other states could direct incremental load toward Indiana and NiSource's generation business, according to Markets Insider.

For investors, the key tension is visible in the target change itself: USD 45.00 remains above NiSource's USD 39.51 primary-exchange quote in the cited market context, but the revised target is USD 4.00 below the former target. The lower objective puts regulatory execution alongside growth as the central valuation issue.

Second-quarter revenue beat expectations

NiSource reported second-quarter 2026 revenue of USD 1.34 billion against a USD 1.15 billion consensus estimate, while adjusted earnings per share came in at USD 0.16 and matched expectations, according to MarketBeat. The same report said NiSource maintained fiscal 2026 adjusted earnings-per-share guidance of USD 2.02 to USD 2.07.

The comparison matters because revenue exceeded the cited consensus by USD 190.00 million, while the earnings figure delivered no upside against expectations. NiSource's regulated utility model therefore combines visible demand with sensitivity to operating costs, rate decisions and regulatory outcomes.

Dividend date adds a cash return marker

NiSource declared a quarterly dividend of USD 0.30 per share, with an October 30, 2026 ex-dividend date, according to Yahoo Finance. The annualized payout is USD 1.20 per share, while the company serves natural gas and electric customers through its Columbia Gas and NIPSCO operations.

NiSource stock stays below its yearly range

NiSource's primary listing is on the NYSE under ticker NI. The primary-exchange 52-week range was USD 38.42 to USD 49.21 as of October 1, 2026, and the market capitalization was USD 18.9 billion on the same date. Those levels place the euro reference quote above the latest reported low only after currency differences are considered, so the Lang & Schwarz quote remains the relevant German-market reference.

At Lang & Schwarz, NiSource stock was trading at EUR 35.27 on October 2, 2026 at 12:05 p.m. CEST, plus 0.40 percent versus the Lang & Schwarz prior close of EUR 35.13 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of NiSource stock.