NiSource (NYSE:NI) Updates FY 2025 Earnings Guidance

Key Points

• NiSource has updated its FY 2025 earnings guidance, projecting an EPS of 1.870-1.890, which aligns closely with the consensus estimate of 1.875.
• The company recently declared a quarterly dividend of $0.28 per share, resulting in an annualized yield of 2.6% and a payout ratio of 60.54%.
• Barclays and other analysts have raised their price targets for NiSource, with Barclays setting a new target of $44.00, reflecting a positive outlook for the stock.

NiSource (NYSE:NI - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.870-1.890 for the period, compared to the consensus EPS estimate of 1.875. The company issued revenue guidance of -.

NiSource Price Performance

NI stock traded up $0.48 during trading on Thursday, reaching $42.32. The company's stock had a trading volume of 5,635,408 shares, compared to its average volume of 4,564,706. The company's fifty day moving average is $40.31 and its 200-day moving average is $39.41. NiSource has a 1 year low of $30.66 and a 1 year high of $43.51. The company has a market capitalization of $19.92 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 1.17.

NiSource (NYSE:NI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. NiSource had a return on equity of 8.41% and a net margin of 14.67%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the firm earned $0.21 EPS. On average, research analysts expect that NiSource will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Thursday, July 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. NiSource's dividend payout ratio is presently 60.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NI shares. Barclays reaffirmed an "overweight" rating and issued a $44.00 price objective (up from $42.00) on shares of NiSource in a research note on Monday. Guggenheim upped their price objective on NiSource from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. BMO Capital Markets lifted their target price on NiSource from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wells Fargo & Company raised their price target on shares of NiSource from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $41.70.

Insider Activity

In other NiSource news, Director Michael E. Jesanis sold 6,178 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $37.81, for a total transaction of $233,590.18. Following the sale, the director owned 18,541 shares of the company's stock, valued at approximately $701,035.21. The trade was a 24.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie B. Berman sold 6,227 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $39.42, for a total transaction of $245,468.34. Following the completion of the transaction, the executive vice president directly owned 28,882 shares of the company's stock, valued at approximately $1,138,528.44. This represents a 17.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,405 shares of company stock valued at $631,939. Insiders own 0.24% of the company's stock.

Hedge Funds Weigh In On NiSource

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NI. Acadian Asset Management LLC acquired a new position in NiSource during the first quarter valued at $105,000. NewEdge Advisors LLC lifted its holdings in shares of NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider's stock valued at $1,223,000 after buying an additional 11,452 shares during the period. Finally, Woodline Partners LP boosted its stake in shares of NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider's stock worth $1,592,000 after buying an additional 11,671 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

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.

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