Equities analysts predict that NiSource Inc. (NYSE:NI) will announce $939.83 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NiSource’s earnings, with estimates ranging from $923.36 million to $956.30 million. NiSource posted sales of $895.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, October 30th.

On average, analysts expect that NiSource will report full year sales of $5.33 billion for the current financial year, with estimates ranging from $5.29 billion to $5.41 billion. For the next year, analysts expect that the business will report sales of $5.53 billion, with estimates ranging from $5.31 billion to $5.76 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow NiSource.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.06 billion. NiSource had a return on equity of 10.60% and a net margin of 3.15%. During the same period last year, the company earned $0.07 earnings per share.

NI has been the subject of a number of research reports. Credit Suisse Group downgraded NiSource from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 7th. Wolfe Research downgraded NiSource from an “outperform” rating to a “peer perform” rating in a report on Monday, August 5th. Argus upgraded NiSource from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, July 24th. Finally, ValuEngine downgraded NiSource from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.48.

In related news, VP Joseph W. Mulpas sold 12,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $29.78, for a total transaction of $357,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donald Eugene Brown sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $28.04, for a total value of $280,400.00. Following the transaction, the chief financial officer now directly owns 77,603 shares of the company’s stock, valued at $2,175,988.12. The disclosure for this sale can be found here. Insiders have sold 94,405 shares of company stock valued at $2,768,990 over the last three months. Insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NI. Nuveen Asset Management LLC acquired a new stake in shares of NiSource in the second quarter valued at approximately $77,273,000. Luminus Management LLC lifted its position in shares of NiSource by 117.6% in the second quarter. Luminus Management LLC now owns 2,666,933 shares of the utilities provider’s stock valued at $76,808,000 after buying an additional 1,441,055 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of NiSource in the second quarter valued at approximately $20,445,000. Brookfield Asset Management Inc. lifted its position in shares of NiSource by 14.0% in the second quarter. Brookfield Asset Management Inc. now owns 4,857,435 shares of the utilities provider’s stock valued at $139,894,000 after buying an additional 596,956 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of NiSource by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,342,278 shares of the utilities provider’s stock valued at $1,248,258,000 after buying an additional 537,525 shares during the last quarter. 92.27% of the stock is owned by institutional investors.

NYSE:NI opened at $27.97 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $10.88 billion, a PE ratio of 21.52, a PEG ratio of 4.16 and a beta of 0.23. NiSource has a 52-week low of $24.36 and a 52-week high of $30.67. The stock has a 50-day simple moving average of $29.41 and a 200 day simple moving average of $28.80.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.80 annualized dividend and a yield of 2.86%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Earnings History and Estimates for NiSource (NYSE:NI)

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