NiSource Inc. (NI)

NYSE: NI · IEX Real-Time Price · USD
26.02
+0.31 (1.21%)
Feb 27, 2024, 4:00 PM EST - Market closed
1.21%
Market Cap 11.51B
Revenue (ttm) 5.51B
Net Income (ttm) 661.70M
Shares Out 447.52M
EPS (ttm) 1.48
PE Ratio 17.58
Forward PE 14.91
Dividend $1.06 (4.07%)
Ex-Dividend Date Feb 2, 2024
Volume 2,390,368
Open 25.86
Previous Close 25.71
Day's Range 25.67 - 26.03
52-Week Range 22.86 - 28.95
Beta 0.48
Analysts Strong Buy
Price Target 28.50 (+9.53%)
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 in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, trans... [Read more]

Sector Utilities
Founded 1912
Employees 7,411
Stock Exchange NYSE
Ticker Symbol NI
Full Company Profile

Financial Performance

In 2023, NiSource's revenue was $5.51 billion, a decrease of -5.90% compared to the previous year's $5.85 billion. Earnings were $661.70 million, a decrease of -11.66%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for NI stock is "Strong Buy." The 12-month stock price forecast is $28.5, which is an increase of 9.53% from the latest price.

Price Target
$28.5
(9.53% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

NiSource Announces Two-Year $900 Million At-The-Market (ATM) Equity Issuance Program

MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it has established an “at-the-market” (“ATM”) equity offering program under which it may sell shares of ...

5 days ago - Business Wire

NiSource Announces Fourth Quarter 2023 Results

MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, 2023 net income available to common shareholders of $661.7 million, or $1.48 diluted earnings per share,...

6 days ago - Business Wire

Six Stocks Wall Street Loves for Valentine's Day

What could be a better gift than a list of Wall Street's favorite stocks?

Other symbols: AMZNDALMSFTSLBTRGP
13 days ago - Barrons

NiSource Inc. Announces Redemption of All Depositary Shares Representing Interests in Its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock and Series B-1 Preferred Stock

MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it will redeem all outstanding shares of its 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpe...

18 days ago - Business Wire

NiSource to Release Financial Results and Host Conference Call on February 21

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, February 21, 2024, to review its fou...

20 days ago - Business Wire

NiSource Declares Common and Preferred Stock Dividends

MERRILLVILLE, Ind.--(BUSINESS WIRE)--The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable February 20, 2024, t...

4 weeks ago - Business Wire

Analysts' Top S&P 500 Dividend Stocks to Buy Now

Analysts' top-rated dividend stocks in the S&P 500 yielding at least 3% include blue-chip stalwarts such as Coca-Cola, CVS Health and Chevron.

Other symbols: AMTARECVSCVXDTEFANGHST
5 weeks ago - Kiplinger

Blackstone paying $2.41B in minority stake deal with NiSource unit

Blackstone Inc.'s BX, -1.66% infrastructure unit has agreed to invest $2.41 billion in Northern Indiana Public Service Company LLC, a unit of NiSource Inc. NI, , the firms said Tuesday. NiSource said ...

Other symbols: BX
2 months ago - Market Watch

NiSource Inc. Completes NIPSCO Minority Equity Interest Transaction

MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) (“NiSource”) today announced that it has completed the issuance of a 19.9% indirect equity interest in the company's Northern Indiana Publ...

Other symbols: BX
2 months ago - Business Wire

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) ...

2 months ago - Business Wire

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 ...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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 ...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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....

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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 (...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

Other symbols: BX
4 months ago - Business Wire

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...

4 months ago - Business Wire

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, ...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - PRNewsWire