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Investing.com - Barclays (LON:BARC) raised its price target on NiSource (NYSE:NI) to $44.00 from $42.00 on Monday, while maintaining an Overweight rating on the utility company’s stock. The stock, currently trading at $43.29, is near its 52-week high of $42.90, having delivered an impressive 18.34% return year-to-date. According to InvestingPro data, analysts maintain a Strong Buy consensus on NiSource, which has maintained dividend payments for 39 consecutive years.
The investment bank cited potential upside from contracting opportunities that NiSource appears well positioned to capture in the third quarter of 2025, with near-term progress expected in Tariff outcomes.
Barclays quantified the value of NiSource’s generation company (GenCo) at $0.22 per share to the outlook at a 2.6GW ramp.
The firm noted it does not expect a GenCo announcement during NiSource’s second-quarter results.
Barclays maintained its Overweight rating on NiSource shares heading into the second half of 2025, reflecting continued confidence in the company’s growth trajectory. For comprehensive analysis and detailed financial metrics, access the full NiSource Pro Research Report, available exclusively on InvestingPro.
In other recent news, NiSource Inc. reported its first-quarter earnings for 2025, surpassing analyst expectations with an adjusted earnings per share (EPS) of $0.98, compared to the forecasted $0.90. However, the company’s revenue came in at $2.03 billion, which was below the anticipated $2.21 billion. Despite this, the company reaffirmed its earnings guidance for the year, bolstered by strategic initiatives in renewable energy. Additionally, NiSource announced a quarterly dividend of $0.28 per share, payable on August 20, 2025, to shareholders of record as of July 31, 2025.
Shareholders at NiSource’s recent annual meeting approved all nominated directors to the board and endorsed executive pay, showing strong support for the company’s leadership. On the analyst front, Jefferies recently adjusted its price target for NiSource stock. The target was first reduced to $45 from $46 and later raised to $48, with Jefferies maintaining a Buy rating throughout. The adjustments reflect the company’s potential in data center developments and ongoing engagement with large-load customers. These developments highlight the company’s strategic direction and investor interest in its growth prospects.
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