NiSource (NYSE:NI) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

NiSource (NYSE:NI - Get Free Report) announced its quarterly 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 net margin of 14.63% and a return on equity of 8.27%. During the same period in the previous year, the company posted $0.53 EPS. NiSource updated its FY 2025 guidance to 1.850-1.890 EPS.

NiSource Stock Up 0.4 %

Shares of NI traded up $0.14 during mid-day trading on Friday, hitting $39.74. 5,293,853 shares of the company's stock were exchanged, compared to its average volume of 3,520,772. The company has a market cap of $18.55 billion, a PE ratio of 24.09, a P/E/G ratio of 2.50 and a beta of 0.54. 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 $25.45 and a 52 week high of $39.99. The company has a 50-day simple moving average of $37.09 and a 200 day simple moving average of $35.33.

NiSource Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.82%. This is a boost from NiSource's previous quarterly dividend of $0.27. The ex-dividend date is Monday, February 3rd. NiSource's dividend payout ratio is presently 67.88%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Mizuho upped their price objective on NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Jefferies Financial Group began coverage on shares of NiSource in a research note on Monday, October 28th. They set a "buy" rating and a $39.00 price target for the company. Wells Fargo & Company lifted their price target on shares of NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, NiSource currently has a consensus rating of "Moderate Buy" and an average price target of $38.13.

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.