NiSource (NYSE:NI) Updates FY 2025 Earnings Guidance

NiSource (NYSE:NI) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.840-1.880 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

NiSource Price Performance

Shares of NYSE NI opened at $34.42 on Wednesday. The business has a 50 day simple moving average of $33.99 and a 200-day simple moving average of $30.92. NiSource has a twelve month low of $24.58 and a twelve month high of $35.48. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.91 and a beta of 0.51. The company has a current ratio of 0.78, a quick ratio of 0.63 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. NiSource had a net margin of 14.76% and a return on equity of 9.15%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $0.11 earnings per share. As a group, equities research analysts expect that NiSource will post 1.72 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 dividend on an annualized basis and a yield of 3.08%. NiSource’s dividend payout ratio is currently 65.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho initiated coverage on NiSource in a research report on Thursday, July 11th. They set an “outperform” rating and a $33.00 price target on the stock. Jefferies Financial Group initiated coverage on NiSource in a research report on Monday. They issued a “buy” rating and a $39.00 target price on the stock. BMO Capital Markets boosted their price target on shares of NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Wells Fargo & Company increased their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Bank of America began coverage on shares of NiSource in a research note on Thursday, September 12th. They set a “buy” rating and a $37.00 target price for the company. 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, the company has an average rating of “Moderate Buy” and an average price target of $36.63.

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.