NiSource (NYSE:NI) Releases 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.

NiSource Stock Down 1.9 %

Shares of NYSE NI traded down $0.67 during mid-day trading on Friday, reaching $34.49. The company had a trading volume of 3,135,337 shares, compared to its average volume of 4,035,585. The stock has a fifty day moving average of $34.14 and a two-hundred day moving average of $31.03. NiSource has a 12-month low of $24.58 and a 12-month high of $35.48. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.92 and a beta of 0.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.63 and a current ratio of 0.46.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $986.00 million. During the same quarter last year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts expect that NiSource will post 1.73 EPS for the current year.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 annualized dividend and a yield of 3.07%. NiSource’s dividend payout ratio (DPR) is currently 64.24%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NI. Bank of America assumed coverage on NiSource in a report on Thursday, September 12th. They set a “buy” rating and a $37.00 price objective for the company. BMO Capital Markets lifted their price objective on NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Evercore ISI boosted their target price on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Wells Fargo & Company lifted 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. Finally, Mizuho boosted their target price on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, NiSource 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.