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

NiSource (NYSE:NI) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period 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 Price Performance

NiSource stock traded up $0.30 during midday trading on Thursday, hitting $39.10. 275,877 shares of the company’s stock were exchanged, compared to its average volume of 3,623,414. The stock has a 50-day moving average price of $36.99 and a two-hundred day moving average price of $35.21. NiSource has a 52-week low of $25.13 and a 52-week high of $39.18. The company has a market cap of $18.25 billion, a P/E ratio of 23.73, a PEG ratio of 2.50 and a beta of 0.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46.

NiSource Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be paid a dividend of $0.28 per share. This is a positive change from NiSource’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.12 annualized dividend and a yield of 2.86%. NiSource’s dividend payout ratio (DPR) is currently 67.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 target price for the company. Wells Fargo & Company boosted 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. Barclays increased their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho lifted their price target on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.13.

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.