NiSource (NI) Posts Quarterly Results
NiSource (NYSE:NI) issued its quarterly earnings data on Tuesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01, Analyst RN reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.53 billion.
NiSource (NYSE:NI) opened at 35.17 on Tuesday. NiSource has a 1-year low of $26.81 and a 1-year high of $35.17. The stock has a 50-day moving average of $33.73 and a 200-day moving average of $31.60. The company has a market cap of $11.019 billion and a price-to-earnings ratio of 21.06.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 20th. Stockholders of record on Monday, February 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, February 6th.
On the ratings front, analysts at Credit Suisse raised their price target on shares of NiSource from $33.00 to $35.00 in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. NiSource presently has an average rating of “Hold” and a consensus target price of $32.00.
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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