NiSource, Inc (NYSE:NI) Declares Quarterly Dividend of $0.30

NiSource, Inc (NYSE:NI) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, July 31st will be given a dividend of 0.30 per share by the utilities provider on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st.

NiSource has increased its dividend 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% meaning its dividend is sufficiently covered by earnings. Analysts expect NiSource to earn $2.24 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 53.6%.

NiSource Price Performance

NI stock opened at $47.01 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The firm has a market capitalization of $22.54 billion, a P/E ratio of 23.39, a P/E/G ratio of 3.73 and a beta of 0.57. The business’s 50-day moving average is $47.14 and its two-hundred day moving average is $44.62. NiSource has a 1 year low of $37.22 and a 1 year high of $48.98.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter last year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts anticipate that NiSource will post 2.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT grew its stake in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after buying an additional 330 shares during the last quarter. Strive Financial Group LLC purchased a new position in NiSource during the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in NiSource during the 4th quarter worth approximately $27,000. DV Equities LLC purchased a new position in NiSource during the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in NiSource during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About NiSource

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.