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

NiSource (NYSE:NI) announced its earnings results 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 return on equity of 8.27% and a net margin of 14.63%. During the same quarter last year, the firm posted $0.53 EPS. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Stock Down 1.6 %

Shares of NI traded down $0.62 during mid-day trading on Wednesday, hitting $37.81. 526,594 shares of the company’s stock were exchanged, compared to its average volume of 3,491,603. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. NiSource has a 52 week low of $24.80 and a 52 week high of $38.83. The company has a market cap of $17.65 billion, a PE ratio of 22.85, a P/E/G ratio of 2.50 and a beta of 0.54. The company has a 50-day simple moving average of $36.96 and a 200 day simple moving average of $35.19.

NiSource Increases Dividend

The company 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 is a boost 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 2.96%. NiSource’s payout ratio is presently 67.88%.

Wall Street Analysts Forecast Growth

NI has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on NiSource in a report on Monday, October 28th. They issued a “buy” rating and a $39.00 price target for the company. Barclays upped their target price on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho raised their price target on shares of NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company upped their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price objective on 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 company’s stock. According to MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

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.