NiSource, Inc Declares Quarterly Dividend of $0.30 (NYSE:NI)

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, October 30th will be given a dividend of 0.30 per share by the utilities provider on Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th.

NiSource has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. NiSource has a dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NiSource to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 52.6%.

NiSource Stock Performance

Shares of NiSource stock traded down $0.03 during trading on Wednesday, hitting $41.98. 1,964,390 shares of the stock were exchanged, compared to its average volume of 4,490,438. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. NiSource has a 12 month low of $38.45 and a 12 month high of $49.21. The stock’s fifty day moving average is $46.18 and its 200 day moving average is $46.39. The stock has a market cap of $20.13 billion, a PE ratio of 22.33, a P/E/G ratio of 3.11 and a beta of 0.55.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period last year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that NiSource will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

NI has been the topic of several analyst reports. Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. KeyCorp reduced their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company lifted their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and a consensus target price of $49.70.

About NiSource

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.