NiSource (NYSE:NI) Updates FY25 Earnings Guidance

NiSource (NYSE:NI) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.84-1.88 for the period, compared to the consensus EPS estimate of $1.85. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

NiSource Stock Performance

NI traded down $0.67 on Friday, reaching $34.49. The stock had a trading volume of 3,135,337 shares, compared to its average volume of 4,035,585. The business’s 50-day moving average price is $34.14 and its two-hundred day moving average price is $31.03. NiSource has a 12-month low of $24.58 and a 12-month high of $35.48. The company has a market cap of $15.47 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.92 and a beta of 0.51. The company has a current ratio of 0.46, a quick ratio of 0.63 and a debt-to-equity ratio of 1.17.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. NiSource’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. Sell-side analysts forecast that NiSource will post 1.73 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. Investors of record on Thursday, October 31st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource’s payout ratio is currently 64.24%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI boosted their price target on shares of NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Barclays upped their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Mizuho upped their price objective on shares of NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets increased 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. Finally, Wells Fargo & Company raised their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and an average price target of $37.50.

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.