NiSource (NYSE:NI) Updates FY25 Earnings Guidance

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

NiSource Price Performance

Shares of NiSource stock traded up $0.71 during midday trading on Wednesday, hitting $35.13. 6,105,140 shares of the company traded hands, compared to its average volume of 4,043,333. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.91 and a beta of 0.51. 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 firm's fifty day moving average price is $33.99 and its 200-day moving average price is $30.92. NiSource has a 12 month low of $24.58 and a 12 month high of $35.48.

NiSource (NYSE:NI - Get Free Report) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.06. NiSource had a net margin of 14.76% and a return on equity of 9.15%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, sell-side analysts forecast that NiSource will post 1.72 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be paid 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 payout ratio is 65.03%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NI. Evercore ISI upped their price objective on NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. BMO Capital Markets raised their price target on shares of NiSource from $34.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, September 12th. Bank of America began coverage on shares of NiSource in a research note on Thursday, September 12th. They issued a "buy" rating and a $37.00 price objective on the stock. Mizuho started coverage on NiSource in a research report on Thursday, July 11th. They set an "outperform" rating and a $33.00 target price for the company. Finally, Barclays lifted their target price on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.