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NYSE:NI

NiSource - NI Stock Forecast, Price & News

$31.36
+0.22 (+0.71%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$30.91
$31.39
50-Day Range
$26.66
$31.77
52-Week Range
$23.65
$32.58
Volume
2.19 million shs
Average Volume
4.81 million shs
Market Capitalization
$12.73 billion
P/E Ratio
20.36
Dividend Yield
3.02%
Price Target
$32.29

NiSource MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
3.0% Upside
$32.29 Price Target
Short Interest
Healthy
3.14% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.59
Upright™ Environmental Score
News Sentiment
0.14mentions of NiSource in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.21%
From $1.45 to $1.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Utilities Sector

58th out of 88 stocks

Electric & Other Services Combined Industry

15th out of 20 stocks

NI stock logo

About NiSource (NYSE:NI) Stock

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 853,000 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 54,600 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 483,000 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NI shares. Credit Suisse Group began coverage on shares of NiSource in a report on Monday, April 25th. They issued a "neutral" rating and a $32.00 price objective for the company. Edward Jones raised shares of NiSource from a "hold" rating to a "buy" rating in a research report on Wednesday, July 27th. Wells Fargo & Company increased their target price on shares of NiSource from $31.00 to $35.00 and gave the company an "overweight" rating in a research report on Tuesday, April 19th. Evercore ISI increased their target price on shares of NiSource to $33.00 in a research report on Tuesday, August 9th. Finally, Barclays decreased their target price on shares of NiSource from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.29.

NiSource Stock Performance

NYSE:NI opened at $31.14 on Monday. The company has a fifty day simple moving average of $29.15 and a 200 day simple moving average of $29.83. NiSource has a 12-month low of $23.65 and a 12-month high of $32.58. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 1.59. The company has a market cap of $12.64 billion, a P/E ratio of 20.22, a PEG ratio of 2.99 and a beta of 0.38.

NiSource (NYSE:NI - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). NiSource had a net margin of 13.07% and a return on equity of 10.57%. During the same quarter last year, the company posted $0.13 earnings per share. Sell-side analysts predict that NiSource will post 1.45 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, October 31st will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, October 28th. NiSource's payout ratio is currently 61.04%.

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NI Stock News Headlines

NiSource (NYSE:NI) Price Target Raised to $33.00
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of
Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options.
Eastman Board Elects New Director - Yahoo Finance
NiSource (NYSE:NI) PT Raised to $34.00
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of
Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options.
NiSource reports second quarter 2022 results
NiSource Q2 2022 Earnings Preview - Seeking Alpha
NiSource (NI) to Release Quarterly Earnings on Wednesday
The 7 Best Utility Stocks to Buy Now - InvestorPlace
See More Headlines
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NI Company Calendar

Ex-Dividend for 5/20 Dividend
4/28/2022
Dividend Payable
5/20/2022
Ex-Dividend for 8/19 Dividend
7/28/2022
Last Earnings
8/03/2022
Today
8/15/2022
Dividend Payable
8/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
65473P10
Employees
7,342
Year Founded
1912

Price Target and Rating

Average Stock Price Forecast
$32.29
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+3.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$584.90 million
Pretax Margin
16.09%

Debt

Sales & Book Value

Annual Sales
$4.90 billion
Cash Flow
$3.38 per share
Book Value
$14.58 per share

Miscellaneous

Free Float
404,776,000
Market Cap
$12.73 billion
Optionable
Optionable
Beta
0.38

Social Links















NI Stock - Frequently Asked Questions

Should I buy or sell NiSource stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NiSource in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NI shares.
View NI analyst ratings
or view top-rated stocks.

What is NiSource's stock price forecast for 2022?

8 Wall Street research analysts have issued 1-year target prices for NiSource's stock. Their NI share price forecasts range from $29.00 to $35.00. On average, they anticipate the company's stock price to reach $32.29 in the next twelve months. This suggests a possible upside of 3.0% 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 2022?

NiSource's stock was trading at $27.61 at the beginning of the year. Since then, NI stock has increased by 13.6% and is now trading at $31.36.
View the best growth stocks for 2022 here
.

Are investors shorting NiSource?

NiSource saw a decline in short interest in July. As of July 15th, there was short interest totaling 14,220,000 shares, a decline of 18.0% from the June 30th total of 17,340,000 shares. Based on an average trading volume of 4,550,000 shares, the short-interest ratio is presently 3.1 days.
View NiSource's Short Interest
.

When is NiSource's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our NI earnings forecast
.

How were NiSource's earnings last quarter?

NiSource Inc. (NYSE:NI) issued its quarterly earnings results on Wednesday, August, 3rd. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.02. NiSource had a net margin of 13.07% and a trailing twelve-month return on equity of 10.57%. During the same period in the previous year, the business posted $0.13 earnings per share.
Read the conference call transcript
.

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

NiSource announced a quarterly dividend on Tuesday, August 9th. Stockholders of record on Monday, October 31st will be given a dividend of $0.235 per share on Friday, November 18th. This represents a $0.94 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, October 28th.
Read our dividend analysis for NI
.

Is NiSource a good dividend stock?

NiSource (NYSE:NI) pays an annual dividend of $0.94 per share and currently has a dividend yield of 3.02%. The dividend payout ratio is 61.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NI will have a dividend payout ratio of 61.04% 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 FY22 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $1.42-1.48 for the period, compared to the consensus estimate of $1.45.

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).

What is NiSource's stock symbol?

NiSource trades on the New York Stock Exchange (NYSE) under the ticker symbol "NI."

Who are NiSource's major shareholders?

NiSource's stock is owned by many different retail and institutional investors. Top institutional investors include Deutsche Bank AG (4.32%), FMR LLC (2.41%), Newport Trust Co (1.68%), Franklin Resources Inc. (1.42%), Millennium Management LLC (1.29%) and Northern Trust Corp (0.96%). Insiders that own company stock include Charles Edward Shafer II, Daniel A Creekmur, Donald Eugene Brown, Eric L Butler, Michael E Jesanis, Michael Hooper, Pablo Vegas and Shawn Anderson.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is NiSource's stock price today?

One share of NI stock can currently be purchased for approximately $31.36.

How much money does NiSource make?

NiSource (NYSE:NI) has a market capitalization of $12.73 billion and generates $4.90 billion in revenue each year. The utilities provider earns $584.90 million in net income (profit) each year or $1.54 on an earnings per share basis.

How many employees does NiSource have?

The company employs 7,342 workers across the globe.

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
When was NiSource founded?

NiSource was founded in 1912.

How can I contact NiSource?

NiSource's mailing address is 801 East 86th Avenue, Merrillville IN, 46410. The official website for the company is www.nisource.com. The utilities provider can be reached via phone at (877) 647-5990, via email at ndrew@nisource, or via fax at 219-647-6085.

This page (NYSE:NI) was last updated on 8/15/2022 by MarketBeat.com Staff

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