NiSource stock reports mixed Q2 results as BMO cuts target
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NiSource Inc. stock (ISIN US65473P1057) closed at USD 39.43 on the NYSE on October 2, 2026, down USD 0.07 or 0.18 percent from the prior close. The latest catalyst is a lower BMO price target, while NiSource continues to defend its 2026 earnings outlook. NiSource reported second-quarter 2026 adjusted earnings of USD 0.16 per share, up from a consensus estimate of USD 0.15 but down 27.3 percent from USD 0.22 in the year-ago quarter, according to Zacks in its September 4, 2026 report. Operating revenue reached USD 1.36 billion in Q2 2026, 5.9 percent above the prior-year quarter and 1.98 percent above consensus. NIPSCO revenue rose 10.4 percent to USD 750.4 million, while Columbia revenue increased 0.8 percent to USD 610.3 million, according to Zacks. On September 28, 2026, BMO Capital lowered its NiSource price target from USD 49 to USD 45 while keeping an Outperform rating, as Investing.com reported. The new target is 14.1 percent above the October 2 closing price, calculated from USD 45 and USD 39.43. The regulatory backdrop explains the caution. BMO cited political and regulatory clarity, while NiSource faces scrutiny around Indiana return-on-equity and tracker proceedings. The company is also pursuing a capital plan that includes USD 21 billion of base investment and USD 7.6 billion of data-center-related spending through 2030, according to Zacks . NiSource reaffirmed...
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