NiSource (NYSE:NI) Issues FY25 Earnings Guidance

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NI. Evercore ISI increased their price target on shares of NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. BMO Capital Markets boosted their price target on NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Wells Fargo & Company increased their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Bank of America initiated coverage on NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

NiSource Stock Performance

NI opened at $34.49 on Friday. The company has a 50 day simple moving average of $34.14 and a two-hundred day simple moving average of $31.03. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.63. The firm has a market cap of $15.47 billion, a P/E ratio of 20.90, a PEG ratio of 2.92 and a beta of 0.51. NiSource has a 1-year low of $24.58 and a 1-year high of $35.48.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. NiSource’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. Equities analysts forecast that NiSource will post 1.73 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, October 31st. NiSource’s dividend payout ratio (DPR) is presently 64.24%.

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.