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

NiSource, Inc (NYSE:NI) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Tuesday, February 3rd will be given a dividend of 0.30 per share by the utilities provider on Friday, February 20th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a 7.1% increase from NiSource’s previous quarterly dividend of $0.28.

NiSource has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. NiSource has a dividend payout ratio of 55.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NiSource to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 55.2%.

NiSource Price Performance

Shares of NI stock opened at $43.47 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. NiSource has a 12-month low of $35.64 and a 12-month high of $44.88. The firm has a fifty day moving average of $42.35 and a 200-day moving average of $42.19. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 3.60 and a beta of 0.65.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a return on equity of 8.09% and a net margin of 14.15%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $983.25 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. On average, equities research analysts forecast that NiSource will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

NI has been the subject of several research analyst reports. Evercore ISI boosted their price objective on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Barclays set a $45.00 price objective on shares of NiSource in a research report on Monday, December 8th. Mizuho boosted their price objective on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and upped their target price for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.89.

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.