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NiSource's Gas and Electric Investments Driving Growth
NiSource's focus on electric and gas infrastructure, including renewable energy, creates growth opportunities that could last for a decade or longer.
NiSource Inc NI
Bulls Say, Bears Say
Bulls
We expect the dividend to grow near 6% annually during the next few years before accelerating to keep pace with earnings in 2025 and beyond.
Bears
Industrial customers account for over half of NiSource's electric sales, higher than most utilities. Industrial sales are more sensitive to the economy than residential and commercial sales.
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News
-
NiSource Announces Leadership Changes in Ohio and Indiana Subsidiaries
-
NiSource Declares Common Stock Dividends
-
Aristides S. Candris Departs from the Board After 12 Years of Service
-
Hooper named President of We Energies and Wisconsin Public Service
-
Hooper to Depart NIPSCO After 13-Year Career
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NiSource Announces Two-Year $900 Million At-The-Market (ATM) Equity Issuance Program
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NiSource Raises 2024 Earnings Outlook After Blackstone Deal
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NiSource Announces Fourth Quarter 2023 Results
Trading Information
- Previous Close Price
- $27.92
- Day Range
- $27.72–28.08
- 52-Week Range
- $22.87–28.94
- Bid/Ask
- $27.88 / $27.89
- Market Cap
- $12.50 Bil
- Volume/Avg
- 428,372 / 4.4 Mil
Key Statistics
- Price/Earnings (Normalized)
- 17.45
- Price/Sales
- 2.23
- Dividend Yield (Trailing)
- 3.64%
- Dividend Yield (Forward)
- 3.80%
- Total Yield
- 3.64%
Company Profile
NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource’s electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.
- Sector
- Utilities
- Industry
- Utilities - Regulated Gas
- Stock Style Box
- Mid Value
- Total Number of Employees
- 7,411
- Website
- https://www.nisource.com
Competitors
Valuation
|
Metric
|
NI
|
LNT
|
WEC
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.45 | 17.82 | 17.70 |
Price/Book Value | 1.57 | 1.89 | 2.21 |
Price/Sales | 2.23 | 3.14 | 2.91 |
Price/Cash Flow | 7.07 | 9.33 | 9.30 |
Price/Earnings
NI
LNT
WEC
Financial Strength
|
Metric
|
NI
|
LNT
|
WEC
|
|---|---|---|---|
Quick Ratio | 0.60 | 0.14 | 0.30 |
Current Ratio | 0.85 | 0.55 | 0.55 |
Interest Coverage | 2.61 | 2.79 | 3.11 |
Quick Ratio
NI
LNT
WEC
Profitability
|
Metric
|
NI
|
LNT
|
WEC
|
|---|---|---|---|
Return on Assets (Normalized) | 2.56% | 3.46% | 3.40% |
Return on Equity (Normalized) | 11.17% | 10.95% | 12.56% |
Return on Invested Capital (Normalized) | 5.39% | 7.05% | 6.97% |
Return on Assets
NI
LNT
WEC
Utilities - Regulated Gas Industry Comparables
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
GASNF
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GASNY
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ATO
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GAILF
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SNMRF
| Snam SpA | — | Rxvt | $15.3 Bil | |
SNMRY
| Snam SpA ADR | — | Bbvssp | $15.3 Bil | |
HOKCY
| Hong Kong and China Gas Co Ltd ADR | — | Zyhkspk | $13.7 Bil | |
NFE
| New Fortress Energy Inc Class A | Nykdwpggw | Qrlk | $5.8 Bil | |
NJR
| New Jersey Resources Corp | Rpbyhggl | Vjhnt | $4.3 Bil |