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NiSource (NI) Stock Price, News & Analysis

$26.61
+0.48 (+1.84%)
(As of 03/4/2024 ET)
Today's Range
$25.98
$26.69
50-Day Range
$25.06
$27.34
52-Week Range
$22.86
$28.95
Volume
3.78 million shs
Average Volume
4.43 million shs
Market Capitalization
$11.91 billion
P/E Ratio
18.10
Dividend Yield
3.98%
Price Target
$29.00

NiSource MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.0% Upside
$29.00 Price Target
Short Interest
Healthy
1.20% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.59
Upright™ Environmental Score
News Sentiment
1.44mentions of NiSource in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.98%
From $1.72 to $1.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.24 out of 5 stars

Utilities Sector

15th out of 87 stocks

Electric & Other Services Combined Industry

5th out of 18 stocks


NI stock logo

About NiSource Stock (NYSE:NI)

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,800 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 486,000 customers in 20 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 with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. 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.

NI Stock Price History

NI Stock News Headlines

NiSource (NYSE:NI) Upgraded at StockNews.com
NiSource Inc.: Reiterating BUY following 4Q results
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
NiSource Full Year 2023 Earnings: Misses Expectations
NiSource (NYSE:NI) Price Target Raised to $29.00
NiSource Announces $900 Mln ATM Equity Offering Program
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 NiSource Inc Earnings Call
Strong Buy: NiSource’s Positive Momentum and Financial Outlook
NiSource: Q4 Earnings Snapshot
NiSource Inc. Q4 Profit Decreases, misses estimates
NiSource (NI) Q4 Earnings Beat Estimates, Revenues Lag
NiSource Announces Fourth Quarter 2023 Results
NiSource Announces Fourth Quarter 2023 Results
NiSource Q4 2023 Earnings Preview
NiSource (NI) to Report Q4 Earnings: What's in the Cards?
See More Headlines
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Company Calendar

Ex-Dividend for 2/20 Dividend
2/02/2024
Dividend Payable
2/20/2024
Last Earnings
2/21/2024
Today
3/04/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
65473P10
Employees
7,411
Year Founded
1912

Price Target and Rating

Average Stock Price Target
$29.00
High Stock Price Target
$31.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+11.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$714.30 million
Pretax Margin
14.78%

Debt

Sales & Book Value

Annual Sales
$5.51 billion
Cash Flow
$4.05 per share
Book Value
$23.34 per share

Miscellaneous

Free Float
446,451,000
Market Cap
$11.66 billion
Optionable
Optionable
Beta
0.49

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NI Stock Analysis - Frequently Asked Questions

Should I buy or sell NiSource stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NiSource in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NI shares.
View NI analyst ratings
or view top-rated stocks.

What is NiSource's stock price target for 2024?

3 equities research analysts have issued 12 month target prices for NiSource's stock. Their NI share price targets range from $25.00 to $31.00. On average, they predict the company's stock price to reach $29.00 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
View analysts price targets for NI
or view top-rated stocks among Wall Street analysts.

How have NI shares performed in 2024?

NiSource's stock was trading at $26.55 at the beginning of 2024. Since then, NI stock has increased by 0.2% and is now trading at $26.61.
View the best growth stocks for 2024 here
.

When is NiSource's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our NI earnings forecast
.

How were NiSource's earnings last quarter?

NiSource Inc. (NYSE:NI) announced its quarterly earnings results on Wednesday, February, 21st. The utilities provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by $0.02. The utilities provider had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.59 billion. NiSource had a trailing twelve-month return on equity of 10.10% and a net margin of 12.98%. During the same quarter in the previous year, the firm posted $0.50 EPS.
Read the conference call transcript
.

How often does NiSource pay dividends? What is the dividend yield for NiSource?

NiSource announced a quarterly dividend on Thursday, January 25th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.265 per share on Tuesday, February 20th. This represents a $1.06 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, February 2nd. This is a boost from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for NI
.

Is NiSource a good dividend stock?

NiSource (NYSE:NI) pays an annual dividend of $1.06 per share and currently has a dividend yield of 4.06%. NI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NI will have a dividend payout ratio of 57.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NI.

What guidance has NiSource issued on next quarter's earnings?

NiSource issued an update on its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $1.70-$1.74 for the period, compared to the consensus EPS estimate of $1.71.

What is Joseph Hamrock's approval rating as NiSource's CEO?

62 employees have rated NiSource Chief Executive Officer Joseph Hamrock on Glassdoor.com. Joseph Hamrock has an approval rating of 65% among the company's employees.

What other stocks do shareholders of NiSource own?

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

Who are NiSource's major shareholders?

NiSource's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.05%), Jennison Associates LLC (2.49%), Franklin Resources Inc. (2.06%), Cohen & Steers Inc. (1.76%), Newport Trust Company LLC (1.54%) and Balyasny Asset Management L.P. (1.35%). Insiders that own company stock include Daniel A Creekmur, Donald Eugene Brown, Eric L Butler, Kimberly S Cuccia, Lloyd M Yates, Michael E Jesanis, Michael Hooper, Pablo Vegas and William Jr Jefferson.
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.

Does NiSource have any subsidiaries?
The following companies are subsidiares of NiSource: Bay State Gas Company, Cavalry Solar Generation LLC, Central Kentucky Transmission Company, Columbia Energy Group, Columbia Gas of Kentucky Inc., Columbia Gas of Maryland Inc., Columbia Gas of Ohio Inc., Columbia Gas of Ohio Receivables Corporation, Columbia Gas of Pennsylvania Inc., Columbia Gas of Pennsylvania Receivables Corporation, Columbia Gas of Virginia Inc., Dunn's Bridge I Solar Generation LLC, Dunn's Bridge II Solar Generation LLC, Elliot Solar Generation LLC, EnergyUSA-TPC Inc., Fairbanks Solar Generation LLC, Indiana Crossroads Solar Generation LLC, Indiana Crossroads Wind Farm LLC, Indiana Crossroads Wind Generation LLC, Lake Erie Land Company, NIPSCO Accounts Receivable Corporation, NiSource Corporate Group LLC, NiSource Corporate Services Company, NiSource Development Company Inc., NiSource Energy Technologies Inc., NiSource Gas Distribution Group Inc., NiSource Insurance Corporation Inc., NiSource Retail Services Inc., NiSource Strategic Sourcing Inc., Northern Indiana Public Service Company LLC, RoseWater Wind Farm LLC, and RoseWater Wind Generation LLC.
Read More
This page (NYSE:NI) was last updated on 3/4/2024 by MarketBeat.com Staff