NiSource Inc. (NI)
| Market Cap | 11.88B |
| Revenue (ttm) | 5.79B |
| Net Income (ttm) | 666.90M |
| Shares Out | 447.31M |
| EPS (ttm) | 1.49 |
| PE Ratio | 17.82 |
| Forward PE | 15.07 |
| Dividend | $1.00 (3.77%) |
| Ex-Dividend Date | Oct 30, 2023 |
| Volume | 2,197,824 |
| Open | 26.41 |
| Previous Close | 26.55 |
| Day's Range | 26.36 - 26.57 |
| 52-Week Range | 22.86 - 28.95 |
| Beta | 0.49 |
| Analysts | Strong Buy |
| Price Target | 28.33 (+6.7%) |
| Earnings Date | Feb 21, 2024 |
About NI
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,800 miles of distribution main pipelines, as well as associated indiv... [Read more]
Financial Performance
In 2022, NiSource's revenue was $5.85 billion, an increase of 19.41% compared to the previous year's $4.90 billion. Earnings were $749.00 million, an increase of 41.37%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for NI stock is "Strong Buy." The 12-month stock price forecast is $28.33, which is an increase of 6.70% from the latest price.
News
NiSource Named to S&P Dow Jones Sustainability Indices for 10th Consecutive Year
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI), one of the largest fully-regulated utility companies in the United States, has been named to the Dow Jones Sustainability Indices (DJSI) ...
NiSource Inc. Announces the Settlement Rate for the Purchase Contract Component of its 2021 Equity Units Offering
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) announced today the settlement rate of the purchase contracts that form part of its Series A Corporate Units (the “Corporate ...
NiSource Inc. Announces Results of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) announced today the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock, par value $0.01 per...
NiSource Inc. Announces Postponement of the Final Remarketing of its Series C Mandatory Convertible Preferred Stock
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) is announcing that it has postponed, at its option, the final remarketing of 862,500 shares of its Series C Mandatory Convert...
Consistent With its Long-Term Financial Plan NiSource Inc. Announces Commencement of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering
MERRILLVILLE, Ind.--(BUSINESS WIRE)--In accordance with NiSource's long-term financial plan, NiSource Inc. (NYSE: NI) (“NiSource”) announced today the commencement of the final remarketing of 862,500 ...
NiSource Hosts Annual Supplier Day Event
COLUMBUS, Ohio--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI), one of the leading fully regulated utilities in the United States, held its annual Supplier Day event yesterday, showcasing the company's com...
Vice President Investor Relations and Treasurer Randy Hulen to retire from NiSource after nearly 30 years
MERRILLVILLE, Ind.--(BUSINESS WIRE)--Following nearly 30 years of service to NiSource (NYSE: NI), Vice President Investor Relations and Treasurer, Randy Hulen, will retire effective December 31, 2023....
NiSource announces third quarter 2023 results, extension to long-term growth plan
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended September 30, 2023, of $77.0 mill...
NiSource Releases Its 2023 ESG Report
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE:NI) today released its 2023 ESG Report – Building Trust for a Sustainable Future. The report highlights efforts at advancing environmental, soc...
NIPSCO Seeks Natural Gas Rate Adjustment to Support System Modernization and Upgrades Driven by Federal Safety and Compliance Requirements
MERRILLVILLE, Ind.--(BUSINESS WIRE)--Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), has made a request with the Indiana Utility Regulatory Commission (...
Consistent With its Long-Term Financial Plan NiSource Inc. Announces Final Remarketing Period of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) announced today the period beginning on November 13, 2023 and ending on November 17, 2023 as the final remarketing period for...
NiSource Inc. announces Federal Energy Regulatory Commission approval of sale of 19.9% equity interest in NIPSCO
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) announced today the Federal Energy Regulatory Commission (FERC) granted approval of the acquisition of a 19.9% equity interes...
NiSource to Release Financial Results and Host Conference Call on November 1
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11 a.m. ET (10 a.m. CT) on Wednesday, November 1, 2023, to review its thir...
NiSource commends the U.S. Department of Energy on awarding $7 billion in grants for hydrogen hubs
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) commends the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) on awarding $7 billion in grants for hydrogen hubs, ...
NiSource Reaffirms Commitment to a Diverse Energy Future with Launch of Multi-phase Hydrogen Blending Project
MONACA, Pa.--(BUSINESS WIRE)--Charting a course to a sustainable energy future for all, NiSource Inc. (NYSE: NI) today announced the launch of a multi-phase hydrogen blending project – one of the firs...
NiSource Inc. Announces Decision to Postpone the Remarketing of its Series C Mandatory Convertible Preferred Stock Due to Market Conditions
MERRILLVILLE, Ind. , Sept. 28, 2023 /PRNewswire/ -- NiSource Inc. (NYSE: NI) ("NiSource") announced today that due to market conditions it has decided to postpone at its option the remarketing of up t...
Consistent With its Long-Term Financial Plan NiSource Inc. Announces its Intention to Remarket the Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering
MERRILLVILLE, Ind. , Sept. 15, 2023 /PRNewswire/ -- NiSource Inc. (NYSE: NI) ("NiSource") announced today its intention to remarket, subject to market and other conditions, up to 862,500 shares of its...
NiSource declares common and preferred stock dividends
MERRILLVILLE, Ind. , Aug. 7, 2023 /PRNewswire/ -- The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 25 cents per share, payable November 20...
NEWLY APPROVED NIPSCO ELECTRIC RATES TAKE EFFECT BEGINNING IN AUGUST
Balanced outcome supports safe operations, infrastructure improvements, sustainability and enhanced customer experience MERRILLVILLE, Ind. , Aug. 2, 2023 /PRNewswire/ -- Northern Indiana Public Servic...
NiSource announces second quarter 2023 results
2023 EPS guidance raised to upper half of range, long-term growth commitments reaffirmed Leading regulatory execution continues in both electric and gas businesses NIPSCO minority sale agreement with ...
NiSource to release financial results and host conference call on August 2
MERRILLVILLE, Ind. , July 19, 2023 /PRNewswire/ -- NiSource Inc. (NYSE: NI) today announced that the company will host a conference call at 11 a.m.
NIPSCO, A SUBSIDIARY OF NISOURCE, ADVANCES ITS ELECTRIC GENERATION TRANSITION PLAN WITH FIRST SET OF SOLAR PROJECTS, GENERATING 465 MW COMBINED
Customers have received nearly $60 million in direct benefits to date from credits associated with the sale of excess energy generated by NIPSCO's renewable energy MERRILLVILLE, Ind. , July 11, 2023 /...
NiSource stock gains after deal to sell about 20% stake in Nipsco for $2.2 billion to Blackstone
Shares of NiSource Inc. NI, +0.15% rose 0.4% toward a one-month high in premarket trading Tuesday, after the Indiana-based gas and electric utility announced an agreement to sell 19.9% of its Nipsco b...
NiSource to sell $2.15 bln stake in Indiana unit to Blackstone
Energy company NiSource said on Tuesday it would sell a minority stake in its unit, NIPSCO, for $2.15 billion to asset manager Blackstone's infrastructure unit.
NiSource announces agreement to sell minority equity interest in NIPSCO to strengthen financial foundation and support sustainable, long-term growth
Blackstone Infrastructure Partners affiliate agrees to acquire 19.9% non-controlling equity interest in NIPSCO for $2.150 Billion, with additional equity commitment of $250 million to fund ongoing cap...