NiSource stock gets a lower BMO target as guidance holds

Published on 10/04/2026 at 19:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NiSource stock closed at USD 39.44 on October 2, while BMO cut its target to USD 45 from USD 49. Second-quarter revenue reached USD 1.3424 billion.

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NiSource Inc. (ISIN US65473P1057) closed at USD 39.44 on the NYSE on October 2, 2026, down 0.15 percent for the session and only 2.65 percent above its 52-week low of USD 38.42. The main stock signal is valuation pressure: Investing.com reported on September 28, 2026, that BMO Capital lowered its target from USD 49 to USD 45 while keeping an Outperform rating.

BMO cuts target as guidance holds

BMO's move reduces the target by USD 4, or 8.16 percent, but the rating remains positive. The report linked the change to regulatory attention in Indiana, including investigations involving return on equity and tracker mechanisms.

NiSource's second-quarter 2026 results provide the operating counterpoint. Zacks reported on September 4, 2026, that adjusted EPS reached USD 0.16, beating its consensus estimate of USD 0.15 by 6.67 percent. Operating revenue was USD 1.36 billion, up 5.9 percent from the year-ago quarter.

Revenue growth meets higher costs

The quarter was not uniformly strong. Zacks reported that NIPSCO revenue rose 10.4 percent to USD 750.4 million, while Columbia operations revenue increased 0.8 percent to USD 610.3 million. Adjusted operating income grew 13.6 percent at NIPSCO but declined 6.1 percent at Columbia.

NiSource reaffirmed its 2026 adjusted EPS guidance of USD 2.02-2.07 and maintained its 2026-2033 adjusted EPS compound annual growth target of 9-10 percent, according to Zacks. The company is also executing a USD 28.6 billion capital plan for 2026-2030, including USD 7.6 billion tied to data center-related spending.

Consensus remains above the market

The analyst balance remains more constructive than BMO's target reduction. MarketBeat reported on September 29, 2026, that Scotiabank initiated coverage at Sector Perform with a USD 43 price target. MarketBeat listed 13 analysts, a Moderate Buy consensus, and an average target of USD 48.75, which is 23.43 percent above the October 2 closing price.

NiSource stock stays near yearly low

NiSource stock closed at USD 39.44 on October 2, 2026, with a 52-week range of USD 38.42 to USD 49.21. Its market capitalization was USD 18.9 billion and session volume was 4,151,760 shares.