NiSource (NI) Set to Announce Earnings on Tuesday

NiSource (NYSE:NI) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 20th. Analysts expect NiSource to post earnings of $0.32 per share for the quarter.

NiSource (NYSE:NI) opened at $23.11 on Tuesday. NiSource has a 12 month low of $21.93 and a 12 month high of $27.76. The firm has a market capitalization of $7,776.57, a P/E ratio of 28.18, a PEG ratio of 2.74 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.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from NiSource’s previous quarterly dividend of $0.18. NiSource’s payout ratio is presently 95.12%.

A number of brokerages have recently weighed in on NI. Citigroup boosted their target price on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. KeyCorp restated a “buy” rating and issued a $29.50 target price on shares of NiSource in a research note on Friday, October 20th. Credit Suisse Group boosted their target price on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded NiSource from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.14.

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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.

Earnings History for NiSource (NYSE:NI)

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