NiSource (NYSE:NI) Issues FY25 Earnings Guidance

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

NiSource Stock Up 1.9 %

Shares of NI traded up $0.64 during trading hours on Wednesday, hitting $35.06. 1,104,054 shares of the company were exchanged, compared to its average volume of 4,018,166. The firm’s 50 day moving average is $33.99 and its 200-day moving average is $30.92. NiSource has a 52 week low of $24.58 and a 52 week high of $35.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.78. The company has a market cap of $15.72 billion, a PE ratio of 21.12, a PEG ratio of 2.91 and a beta of 0.51.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.16 billion. NiSource had a return on equity of 9.15% and a net margin of 14.76%. During the same period in the previous year, the business posted $0.11 EPS. On average, equities research analysts forecast that NiSource will post 1.72 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource’s dividend payout ratio is presently 65.03%.

Analyst Upgrades and Downgrades

NI has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on NiSource in a research note on Monday. They issued a “buy” rating and a $39.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets raised their price objective on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Finally, Evercore ISI upped their target price on shares of NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.