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

NiSource (NYSE:NI) released its earnings results on Wednesday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the business earned $0.53 EPS. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Stock Performance

NiSource stock traded up $0.32 during mid-day trading on Wednesday, reaching $38.75. 1,957,434 shares of the company’s stock were exchanged, compared to its average volume of 3,544,165. The business’s fifty day simple moving average is $36.96 and its 200 day simple moving average is $35.19. The firm has a market capitalization of $18.09 billion, a PE ratio of 23.49, a P/E/G ratio of 2.50 and a beta of 0.54. NiSource has a one year low of $24.80 and a one year high of $38.83. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

NiSource Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be issued a dividend of $0.28 per share. This is a positive change from NiSource’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, February 3rd. NiSource’s dividend payout ratio (DPR) is 67.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NI. Barclays raised their price objective on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Mizuho lifted their target price on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group started coverage on NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.