NiSource (NYSE:NI) Issues FY 2025 Earnings Guidance

NiSource (NYSE:NI) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.840-1.880 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

Analyst Upgrades and Downgrades

NI has been the subject of a number of research reports. BMO Capital Markets boosted their price objective on NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Evercore ISI increased their target price on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Mizuho upped their price objective on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America assumed coverage on shares of NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.50.

NiSource Stock Down 1.9 %

NYSE NI traded down $0.67 during trading hours on Friday, hitting $34.49. The company had a trading volume of 3,135,337 shares, compared to its average volume of 4,035,585. The firm’s 50 day moving average is $34.14 and its 200 day moving average is $31.03. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.63. NiSource has a fifty-two week low of $24.58 and a fifty-two week high of $35.48. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.92 and a beta of 0.51.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Sell-side analysts anticipate that NiSource will post 1.73 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be given a $0.265 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.07%. NiSource’s payout ratio is currently 64.24%.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.