NiSource, Inc (NYSE:NI – Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Friday, October 30th will be paid a dividend of 0.30 per share by the utilities provider on Friday, November 20th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th.
NiSource has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. NiSource has a dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NiSource to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 52.6%.
NiSource Stock Performance
Shares of NYSE NI opened at $41.87 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. NiSource has a 1 year low of $38.45 and a 1 year high of $49.21. The firm has a fifty day moving average price of $46.11 and a 200-day moving average price of $46.38. The stock has a market cap of $20.08 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.13 and a beta of 0.55.
Analyst Ratings Changes
NI has been the subject of a number of research reports. Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. KeyCorp reduced their price target on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets lowered their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Barclays dropped their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.70.
View Our Latest Stock Report on NI
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.
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