NiSource (NYSE:NI) Issues FY25 Earnings Guidance

NiSource (NYSE:NI) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.84-1.88 for the period, compared to the consensus estimate of $1.85. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NI shares. Mizuho lifted their target price on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays raised their price target on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Evercore ISI lifted their price objective on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.50.

NiSource Stock Performance

NYSE:NI opened at $34.49 on Friday. NiSource has a 52-week low of $24.58 and a 52-week high of $35.48. The business’s fifty 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 quick ratio of 0.63 and a current ratio of 0.46. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.92 and a beta of 0.51.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $1.08 billion during 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%. NiSource’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share. Research analysts predict that NiSource will post 1.73 EPS for the current year.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 annualized dividend 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.