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

NiSource (NYSE:NI) posted its earnings results 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 return on equity of 8.27% and a net margin of 14.63%. During the same period in the previous year, the firm earned $0.53 EPS. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Stock Performance

NiSource stock traded up $0.32 during trading on Wednesday, reaching $38.75. The company had a trading volume of 1,957,434 shares, compared to its average volume of 3,544,165. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 1.17. The firm’s 50-day simple moving average is $36.96 and its 200 day simple moving average is $35.19. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth 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.

NiSource Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be issued a $0.28 dividend. 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 yield of 2.89%. The ex-dividend date of this dividend is Monday, February 3rd. NiSource’s dividend payout ratio (DPR) is currently 67.88%.

Analysts Set New Price Targets

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

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.