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

NiSource, Inc (NYSE:NI) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.30 per share by the utilities provider on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st.

NiSource has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. NiSource has a payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NiSource to earn $2.24 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 53.6%.

NiSource Stock Performance

Shares of NiSource stock opened at $47.01 on Tuesday. NiSource has a 52 week low of $37.22 and a 52 week high of $48.98. The business’s fifty day simple moving average is $47.14 and its 200-day simple moving average is $44.62. The firm has a market cap of $22.54 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 3.73 and a beta of 0.57. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that NiSource will post 2.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NI shares. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Wells Fargo & Company increased their target price on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Barclays increased their target price on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. BMO Capital Markets reissued an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. Finally, Evercore set a $52.00 target price on NiSource in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and an average price target of $50.33.

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.