NiSource Inc. (NI) Expected to Announce Earnings of $0.32 Per Share

Wall Street analysts forecast that NiSource Inc. (NYSE:NI) will report earnings of $0.32 per share for the current quarter, Zacks reports. Two analysts have made estimates for NiSource’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.34. NiSource posted earnings per share of $0.33 in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 20th.

According to Zacks, analysts expect that NiSource will report full-year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.20. For the next financial year, analysts forecast that the company will report earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover NiSource.

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Credit Suisse Group raised their price target on shares of NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Edward Jones raised shares of NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $26.00 price target on shares of NiSource in a research report on Wednesday, December 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $27.14.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of NiSource by 4.6% during the 4th quarter. BlackRock Inc. now owns 24,779,376 shares of the utilities provider’s stock worth $636,086,000 after buying an additional 1,093,752 shares in the last quarter. Millennium Management LLC increased its stake in shares of NiSource by 38.6% during the 4th quarter. Millennium Management LLC now owns 3,591,733 shares of the utilities provider’s stock worth $92,200,000 after purchasing an additional 999,678 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NiSource by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 3,561,143 shares of the utilities provider’s stock worth $91,226,000 after purchasing an additional 234,175 shares during the last quarter. Maple Brown Abbott Ltd increased its stake in shares of NiSource by 36.9% during the 4th quarter. Maple Brown Abbott Ltd now owns 3,451,218 shares of the utilities provider’s stock worth $88,593,000 after purchasing an additional 930,314 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its stake in shares of NiSource by 3.1% during the 3rd quarter. Commonwealth Bank of Australia now owns 3,350,014 shares of the utilities provider’s stock worth $85,422,000 after purchasing an additional 102,242 shares during the last quarter. 84.38% of the stock is currently owned by hedge funds and other institutional investors.

NiSource (NI) traded up $0.11 during mid-day trading on Wednesday, hitting $23.48. 3,911,400 shares of the stock were exchanged, compared to its average volume of 3,504,397. The company has a market cap of $7,907.92, a PE ratio of 28.63, a PEG ratio of 2.78 and a beta of 0.24. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72. NiSource has a one year low of $22.44 and a one year high of $27.76.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.78 annualized dividend and a dividend yield of 3.32%. This is a boost from NiSource’s previous quarterly dividend of $0.18. NiSource’s dividend payout ratio (DPR) is currently 95.12%.

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NiSource Company Profile

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

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Earnings History and Estimates for NiSource (NYSE:NI)

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