NiSource (NYSE:NI) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

NiSource (NYSE:NI) posted its earnings results on Wednesday. The utilities provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $0.53 earnings per share. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Stock Performance

Shares of NI stock traded up $0.30 during trading hours on Thursday, hitting $39.10. 275,877 shares of the company were exchanged, compared to its average volume of 3,623,414. 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 stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.50 and a beta of 0.54. The firm has a fifty day simple moving average of $36.99 and a 200 day simple moving average of $35.21. NiSource has a 52-week low of $25.13 and a 52-week high of $39.18.

NiSource Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.86%. This is a boost from NiSource’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, February 3rd. NiSource’s payout ratio is presently 67.88%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group started coverage on NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective for the company. Barclays increased their price target on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Mizuho lifted their price objective on shares of NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company increased their target price on shares of NiSource from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price target 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.13.

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.