NiSource (NYSE:NI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.26-$1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.27.
NI traded up $0.06 during trading on Friday, hitting $25.43. The stock had a trading volume of 5,558,935 shares, compared to its average volume of 3,456,225. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.38 and a current ratio of 0.51. The stock has a market capitalization of $9.40 billion, a P/E ratio of 21.02, a P/E/G ratio of 3.70 and a beta of 0.17. NiSource has a twelve month low of $22.44 and a twelve month high of $28.11.
NiSource (NYSE:NI) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. The company had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $946.10 million. NiSource had a net margin of 5.20% and a return on equity of 9.19%. During the same period in the previous year, the company posted $0.07 EPS. Sell-side analysts predict that NiSource will post 1.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Wednesday, October 31st will be paid a $0.195 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.78 annualized dividend and a yield of 3.07%. NiSource’s dividend payout ratio is currently 64.46%.
NI has been the topic of several recent research reports. Evercore ISI cut shares of NiSource from an in-line rating to an underperform rating in a research note on Friday, September 14th. Zacks Investment Research cut shares of NiSource from a buy rating to a hold rating in a research note on Tuesday, July 17th. Guggenheim cut shares of NiSource from a buy rating to a neutral rating in a research note on Monday, September 10th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $27.00 target price on shares of NiSource and gave the stock a buy rating in a research report on Monday, September 17th. Finally, KeyCorp boosted their target price on shares of NiSource from $26.00 to $27.00 and gave the stock a $26.15 rating in a research report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. NiSource has a consensus rating of Hold and a consensus target price of $27.27.
In related news, EVP Carrie J. Hightman sold 27,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $26.75, for a total value of $722,250.00. Following the sale, the executive vice president now directly owns 325,066 shares in the company, valued at approximately $8,695,515.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Donald Eugene Brown sold 2,400 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total transaction of $63,600.00. Following the completion of the sale, the chief financial officer now owns 49,167 shares in the company, valued at $1,302,925.50. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.
NiSource Company Profile
NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.
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