NiSource Inc. (NI) Announces Quarterly Dividend of $0.25
NiSource (NYSE:NI) announced a quarterly dividend on Wednesday, January 29th, AnalystRatings.Net reports. Investors of record on Monday, February 10th will be paid a dividend of 0.25 per share on Thursday, February 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.93%.
A number of research firms have recently commented on NI. Analysts at Credit Suisse raised their price target on shares of NiSource from $33.00 to $35.00 in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NiSource in a research note to investors on Friday, November 1st. They now have a $33.00 price target on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. NiSource has an average rating of “Hold” and an average target price of $32.00.
NiSource (NYSE:NI) traded down 0.85% on Wednesday, hitting $33.89. 1,660,432 shares of the company’s stock traded hands. NiSource has a 1-year low of $26.68 and a 1-year high of $34.68. The stock has a 50-day moving average of $32.73 and a 200-day moving average of $31.28. The company has a market cap of $10.618 billion and a P/E ratio of 20.70.
NiSource (NYSE:NI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that NiSource will post $1.56 EPS for the current fiscal year.
NiSource Inc (NYSE:NI) is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.
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