NiSource Inc. (NI) has a market cap of $21 billion, providing natural gas and electric utility services to 2.9 million customers. The stock has outperformed the S&P 500, with a 17.9% surge in the past year. Despite strong Q3 revenue, the stock dropped 2.1% due to a $28 billion capital expenditure plan.

Analysts expect NI’s adjusted EPS to increase 7.4% to $1.88 for the fiscal year ending in December 2025. The stock has a consensus “Strong Buy” rating from 15 analysts. Wells Fargo analyst Shahriar Pourreza maintained an “Overweight” rating with a price target increase to $49, representing a 6.9% premium.

With a mean price target of $47 and a street-high target of $50, NI stock has potential upside. The stock has outpaced the State Street Utilities Select Sector SPDR ETF, with a 11.8% increase in the past 52 weeks. Investors remain bullish on NiSource’s future prospects.

Read more at Yahoo Finance: Is Wall Street Bullish or Bearish on NiSource Stock?