NiSource IncNYSE: NI
Utilities · Multi-Utilities
$48.17
-0.23%
Vol: 3.4M
Research Digest
Friday, May 1, 2026
NiSource hits all-time high at $48.86 on Alphabet and Amazon data center agreements
NiSource announced major long-term energy agreement with Alphabet subsidiary for large-scale Indiana data center development, plus expanded Amazon Data Services deal. Company declared $0.30 quarterly dividend (ex-date April 30). Q1 earnings expected May 6 with $1.03 EPS consensus and $2.43B revenue. Stock hit all-time high of $48.86, up 25.69% over past year. Announced $28B consolidated capex plan including $7B for data centers, extending 6-8% annual EPS growth guidance through 2030. Multiple analysts raised price targets: Wells Fargo to $51, BMO to $51, Barclays to $49.
Previous Market Intelligence
13 daysApr 30NiSource signs long-term power deals with Alphabet and Amazon for data centers; GenCo framework provides $1.25B customer savings (April 16)Positive▶
NiSource announced major strategic energy agreements: a long-term contract with Alphabet subsidiary for large-scale data center in northern Indiana (service starting summer 2026) and expanded Amazon Data Services agreement accelerating energization of Amazon sites. The GenCo framework ties data center loads to direct customer benefits including $1.25B aggregate cost savings for existing customers, residential bill credits, and a $17M community fund. NiSource earned 2026 Edison Electric Institute Advocacy Excellence Award for public policy leadership. Q1 2026 earnings scheduled for May 6, 2026. Stock valued at $48.50 with 2.4% dividend yield and analyst consensus Buy with 6-8% long-term EPS growth guidance.
Apr 29NiSource signed energy agreement with Google Alphabet subsidiary for data center in Indiana; analyst PT raisesPositive▶
NiSource announced long-term energy agreement with Alphabet Inc. subsidiary to support large-scale data center development in northern Indiana providing benefits to existing customers and communities. Wells Fargo and BMO Capital raised price targets on April 20-21, 2026 to $51 from prior levels. Company recognized with Edison Electric Institute's 2026 Advocacy Excellence Award. NiSource serves nearly 4M natural gas and electric customers in six states under Columbia Gas and NIPSCO brands. Board declared quarterly dividend of $0.30 per share.
Apr 16NiSource reaffirms 2026 EPS guidance $2.02-$2.07; full-year 2025 EPS $1.95 vs. $1.62 prior year; dividend $0.30/share.Positive▶
NiSource Inc announced full-year 2025 net income of $929.5 million, or $1.95 of earnings per diluted share, compared to $739.7 million, or $1.62 per share in 2024, representing a 20.4% increase in EPS. The company reaffirmed its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07. The board declared a quarterly common stock dividend of $0.30 per share payable February 20, 2026. KeyBanc started NiSource at Overweight in late March citing data center exposure, and Evercore ISI raised the price target to $50 from $47 in early March 2026. Analysts' average 12-month price target is $47.50, representing 3.33% upside, with a Buy consensus rating from 10 analysts.
Apr 15NiSource holds firm with Buy ratings from KeyBanc and Wells Fargo on data center exposure thesis.Positive▶
NiSource announced net income of $929.5 million ($1.95 per diluted share) for full-year 2025. KeyBanc started NiSource at Overweight on data center exposure. Evercore ISI raised price target to $50 from $47. NiSource operates as one of the nation's largest natural gas distributors with 3.2 million customers across six states.
Apr 14NiSource recognized with Edison Electric Institute 2026 Advocacy Excellence Award for policy leadership.Neutral▶
NiSource declared quarterly dividend of $0.30 per share payable May 20. Received EEI 2026 Advocacy Excellence Award. KeyBanc initiated coverage at Overweight citing data center exposure. Reaffirmed 2026 guidance of $2.02-$2.07 non-GAAP adjusted EPS. Consensus Buy with $48.79 target from 12 analysts.
Apr 13Dividend increased to $0.30; 2026 EPS guidance reaffirmed at $2.02-$2.07; data center focus.Positive▶
NiSource increased quarterly dividend to $0.30 per share payable May 20. Company reaffirmed 2026 non-GAAP EPS guidance of $2.02-$2.07 and plans $28B capital investment 2026-2030, including $7B for data center infrastructure. KeyBanc initiated Overweight. Stock up 0.83% on April 13.
Apr 10NiSource Upgraded; KeyCorp Initiates Overweight with $52 TargetPositive▶
KeyCorp initiated coverage with overweight and $52 target. Reaffirmed 2026 EPS guidance of $2.02-$2.07. Targets 8-9% EPS CAGR through 2033.
Apr 9NiSource raises 2026 EPS guidance with strong capital investment planPositive▶
NiSource reported full-year 2025 net income of $929.5M and is reaffirming strong 2026 guidance of $2.02-$2.07 adjusted EPS with anticipated 8-9% CAGR through 2033. The company plans $28B in capital investments from 2026-2030, including $7B in strategic data center infrastructure. KeyBanc analyst Sophie Karp initiated coverage with an Overweight rating and $52 price target, and NiSource was recognized with EEI Advocacy Excellence Award.
Apr 8NiSource gains 0.86% as KeyBanc initiates coverage with Overweight rating and $52 PT.Positive▶
NI +0.86% at $47.49. KeyBanc initiated Overweight $52 PT citing data center exposure. Evercore ISI raised to $50; BMO to $50. $28B 2026-2030 capex plan.
Apr 7KeyBanc initiates NiSource with Overweight rating citing data center exposurePositive▶
KeyBanc Capital initiated coverage of NiSource with Overweight rating on March 31, 2026. Company benefits from Indiana data center boom driving grid growth. Strong 6%-8% EPS growth outlook through 2029 with $2.2B in capex opportunities. Stock up 0.83% with analyst consensus Buy.
Apr 6NiSource initiates $1.5B at-the-market equity offering and leverages data center growthPositive▶
NiSource established a $1.5 billion at-the-market equity offering program through December 31, 2028. KeyBanc initiated NiSource at Overweight on March 31, 2026 citing data center exposure. Evercore ISI raised price target to $50 from $47 on March 5, 2026. NiSource reported 2025 net income of $929.5M or $1.95 EPS. The company declared $0.30 quarterly dividend. Northern Indiana NIPSCO received federal order extending R.M. Schahfer Generating Station operation beyond December 31, 2025 deadline.
Apr 3KeyCorp initiated coverage on NiSource with Overweight rating and $52 price target on April 3, citing above-consensus growth.Positive▶
KeyCorp initiated research coverage on NiSource on April 3 with Overweight rating and $52 target, estimating Q1 2026 EPS at $1.07. Citigroup boosted target from $44 to $47. NiSource received a federal order requiring continued operation of R.M. Schahfer Generating Station beyond scheduled retirement.
Apr 2NiSource receives KeyCorp strong-buy upgrade and reaffirms 2026 guidance on back of strong 2025 results and data center investments.Positive▶
NiSource announced full-year 2025 results with net income of $929.5 million ($1.95 per diluted share) and non-GAAP adjusted EPS of $1.90, representing 8%-9% year-over-year growth. The company reaffirmed 2026 non-GAAP adjusted EPS guidance of $2.02–$2.07 and announced $28 billion in planned investments for 2026-2030, including nearly $7 billion in strategic data center infrastructure to support 8%-9% compound annual EPS growth through 2033. KeyCorp upgraded NiSource to "strong-buy" on April 1, 2026, initiating coverage with overweight rating and $52 price target. BMO Capital Markets set $50 price target. The company declared $0.30 per share quarterly dividend. Stock trades at $47.49 with 2.4% dividend yield and strong analyst support despite Q4 revenue miss.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NINISOURCE | $48.17 | -0.23% | +2.4% | 21.6x | 0.61 | $23.1B |
| NEENEXTERA | $97.22 | -0.67% | +5.5% | 22.3x | 0.73 | $204.1B |
| SRESEMPRA | $94.87 | -0.26% | -3.0% | 17.2x | 0.68 | $62.1B |
| DDOMINION | $63.83 | -1.04% | +3.7% | 16.9x | 0.66 | $56.7B |
| XELXCEL | $82.67 | -0.34% | +3.2% | 18.3x | 0.44 | $51.8B |
| EDCONSOLIDATED | $110.85 | -0.57% | -2.7% | 17.2x | 0.34 | $41.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.