NiSource (NI) Stock Price, News & Analysis

Company Overview

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. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County, Indiana; and solar generating units in Jasper County and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

Key Stats

• Today's Range: $33.73 to $34.14
• 50-Day Range: $29.73 to $34.38
• 52-Week Range: $22.86 to $34.49
• Volume: 6.69 million shs
• Average Volume: 4.24 million shs
• Market Capitalization: $15.28 billion
• P/E Ratio: 22.27
• Dividend Yield: 3.11%
• Price Target: $32.43
• Consensus Rating: Buy

NiSource Stock Analysis - MarketRank™

NiSource scored higher than 95% of companies evaluated by MarketBeat, and ranked 6th out of 93 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

NiSource has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NiSource has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.98%

Earnings Growth

Earnings for NiSource are expected to grow by 6.98% in the coming year, from $1.72 to $1.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NiSource is 22.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of NiSource is 22.27, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 88.82.

Price to Earnings Growth Ratio

NiSource has a PEG Ratio of 3.25. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

NiSource has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.23% of the outstanding shares of NiSource have been sold short.

Short Interest Ratio / Days to Cover

NiSource has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NiSource has recently decreased by 11.26%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

NiSource pays a meaningful dividend of 3.11%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

NiSource has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of NiSource is 69.28%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, NiSource will have a dividend payout ratio of 57.61% next year. This indicates that NiSource will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -4.59

Percentage of Shares Shorted

3.23% of the outstanding shares of NiSource have been sold short.

Short Interest Ratio / Days to Cover

NiSource has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in NiSource has recently decreased by 11.26%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.85

News Sentiment

NiSource has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for NiSource this week, compared to 7 articles on an average week.

Search Interest

Only 5 people have searched for NI on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added NiSource to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, NiSource insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.13% of the stock of NiSource is held by insiders.

Percentage Held by Institutions

91.64% of the stock of NiSource is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NI Stock Analysis - Frequently Asked Questions

How have NI shares performed this year?

NiSource's stock was trading at $26.55 at the beginning of the year. Since then, NI shares have increased by 28.4% and is now trading at $34.08.
View the best growth stocks for 2024 here.

How were NiSource's earnings last quarter?

NiSource Inc. (NYSE:NI) announced its quarterly earnings data on Wednesday, August, 7th. The utilities provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.06. The utilities provider had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.16 billion. NiSource had a net margin of 14.76% and a trailing twelve-month return on equity of 9.15%.
Read the conference call transcript.

Does NiSource have any subsidiaries?

NiSource subsidiaries include these companies: Columbia Energy Group, Bay State Gas Company, Cavalry Solar Generation LLC, Central Kentucky Transmission Company, Columbia Gas of Kentucky Inc., Columbia Gas of Maryland Inc., Columbia Gas of Ohio Inc., and more.

Who are NiSource's major shareholders?

Top institutional investors of NiSource include Millennium Management LLC (1.42%), Newport Trust Company LLC (1.39%), Thrivent Financial for Lutherans (1.09%) and Bank of New York Mellon Corp (0.95%). Insiders that own company stock include Donald Eugene Brown, Lloyd M Yates, Michael E Jesanis, William Jr Jefferson, Kimberly S Cuccia and Melanie B Berman.
View institutional ownership trends.

How do I buy shares of NiSource?

Shares of NI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NiSource own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NiSource investors own include AT&T (T), Verizon Communications (VZ), Kinder Morgan (KMI), Exxon Mobil (XOM), Cisco Systems (CSCO), Walt Disney (DIS) and Procter & Gamble (PG).

Company Calendar

• Ex-Dividend for 8/20 Dividend: 7/31/2024
• Last Earnings: 8/07/2024
• Dividend Payable: 8/20/2024
• Today: 9/22/2024
• Ex-Dividend for 11/20 Dividend: 10/31/2024
• Next Earnings (Estimated): 11/06/2024
• Dividend Payable: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:NI
• CUSIP: 65473P10
• CIK: 1111711
• Web: www.nisource.com
• Phone: (877) 647-5990
• Fax: 219-647-6085
• Employees: 7,411
• Year Founded: 1912

Price Target and Rating

• Average Stock Price Target: $32.43
• High Stock Price Target: $37.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: -4.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.53
• Trailing P/E Ratio: 22.27
• Forward P/E Ratio: 19.81
• P/E Growth: 3.25
• Net Income: $714.30 million
• Net Margins: 14.76%
• Pretax Margin: 17.69%
• Return on Equity: 9.15%
• Return on Assets: 2.78%

Debt

• Debt-to-Equity Ratio: 1.30
• Current Ratio: 0.78
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $5.24 billion
• Price / Sales: 2.92
• Cash Flow: $4.12 per share
• Price / Cash Flow: 8.27
• Book Value: $23.34 per share
• Price / Book: 1.46

Miscellaneous

• Outstanding Shares: 448,305,000
• Free Float: 447,722,000
• Market Cap: $15.28 billion
• Optionable: Optionable
• Beta: 0.51