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

NiSource (NYSE:NI) released its quarterly earnings results on Wednesday. The utilities provider reported $0.49 earnings per share 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 quarter in the prior year, the firm earned $0.53 earnings per share. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Trading Down 1.6 %

NiSource stock traded down $0.62 during trading hours on Wednesday, hitting $37.81. The stock had a trading volume of 526,594 shares, compared to its average volume of 3,491,603. The business’s 50 day simple moving average is $36.96 and its 200-day simple moving average is $35.19. NiSource has a one year low of $24.80 and a one year high of $38.83. The stock has a market cap of $17.65 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.50 and a beta of 0.54. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

NiSource Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 2.96%. This is a positive change from NiSource’s previous quarterly dividend of $0.27. NiSource’s payout ratio is currently 67.88%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho lifted their price target on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group started coverage on shares of NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective for the company. Barclays upped their price objective 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. raised their price objective on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, NiSource presently 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.