NiSource (NI) Projected to Post Quarterly Earnings on Wednesday

NiSource (NYSE:NI) is projected to announce its earnings results 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

NiSource Price Performance

Shares of NI stock opened at $38.07 on Tuesday. The firm’s 50 day moving average price is $36.93 and its two-hundred day moving average price is $35.14. The stock has a market cap of $17.77 billion, a PE ratio of 23.08, a PEG ratio of 2.50 and a beta of 0.54. NiSource has a 52-week low of $24.80 and a 52-week high of $38.83. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.94%. NiSource’s payout ratio is 67.88%.

Analyst Upgrades and Downgrades

NI has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on NiSource in a report on Monday, October 28th. They set a “buy” rating and a $39.00 target price on the stock. Mizuho lifted their price objective on shares of NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays lifted their price target on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.