NiSource (NI) to Release Quarterly Earnings on Wednesday

NiSource (NYSE:NI) will likely be announcing its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $1.74 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

NiSource Trading Up 0.4 %

Shares of NYSE:NI opened at $38.07 on Tuesday. The company has a 50-day simple moving average of $36.93 and a 200 day simple moving average of $35.14. The company has a market capitalization of $17.77 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. NiSource has a 52-week low of $24.80 and a 52-week high of $38.83.

NiSource Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.27. NiSource’s dividend payout ratio (DPR) is currently 67.88%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NI. Wells Fargo & Company lifted their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of NiSource in a report on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective for the company. Barclays raised their target price on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Mizuho increased their price target on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

About NiSource

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.