NiSource, Inc (NYSE:NI) Declares Quarterly Dividend of $0.30

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Tuesday, March 17th. Shareholders of record on Thursday, April 30th will be given a dividend of 0.30 per share by the utilities provider on Wednesday, May 20th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 30th.

NiSource has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. NiSource has a dividend payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect NiSource to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 59.1%.

NiSource Stock Performance

Shares of NYSE NI opened at $47.28 on Wednesday. The company has a 50 day simple moving average of $45.06 and a two-hundred day simple moving average of $43.28. The stock has a market cap of $22.63 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.89 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. NiSource has a 12 month low of $35.64 and a 12 month high of $47.96.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same quarter in the prior year, the business earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts predict that NiSource will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NI has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. BMO Capital Markets set a $50.00 target price on NiSource in a research note on Thursday, February 12th. Mizuho lifted their price target on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Barclays set a $45.00 price target on NiSource in a report on Monday, December 8th. Finally, Citigroup upped their price objective on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.20.

NiSource Company Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.