NiSource (NYSE:NI) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

NiSource (NYSE:NI) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05), RTT News reports. NiSource had a net margin of 14.63% and a return on equity of 8.27%. During the same period in the prior year, the business earned $0.53 EPS. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Stock Up 0.4 %

Shares of NI traded up $0.17 on Friday, reaching $39.77. The stock had a trading volume of 877,033 shares, compared to its average volume of 3,739,492. The company has a 50-day simple moving average of $37.04 and a 200-day simple moving average of $35.25. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. NiSource has a 12-month low of $25.45 and a 12-month high of $39.99. 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 Increases Dividend

The company 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 $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Monday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.27. NiSource’s dividend payout ratio (DPR) is presently 67.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on NiSource from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays lifted their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group began coverage on NiSource in a research report on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective on the stock. Mizuho lifted their price objective 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 stock an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.13.

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.