NiSource (NYSE:NI) Releases FY25 Earnings Guidance

NiSource (NYSE:NI) updated its FY25 earnings guidance on Wednesday. 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of NiSource in a research note on Monday. They set a “buy” rating and a $39.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho lifted their target price on shares of NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets lifted their target price on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, Bank of America started coverage on shares of NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Trading Down 1.9 %

NYSE:NI traded down $0.67 during trading hours on Friday, hitting $34.49. The company had a trading volume of 3,135,337 shares, compared to its average volume of 4,035,585. The company has a market capitalization of $15.47 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.92 and a beta of 0.51. The stock has a 50-day moving average price of $34.14 and a 200 day moving average price of $31.03. NiSource has a 52 week low of $24.58 and a 52 week high of $35.48. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.63.

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

NiSource Dividend Announcement

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

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.