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

NiSource, Inc (NYSE:NI) announced a quarterly dividend on Tuesday, March 17th. Investors of record on Thursday, April 30th will be paid a dividend of 0.30 per share by the utilities provider on Wednesday, May 20th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 30th.

NiSource has raised its dividend by an average of 0.1%per year 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. Equities research analysts expect NiSource to earn $2.03 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 59.1%.

NiSource Stock Down 0.4%

NI stock opened at $47.28 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average of $45.06 and a two-hundred day moving average of $43.28. NiSource has a 12 month low of $35.64 and a 12 month high of $47.96. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.89 and a beta of 0.64.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the previous year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts forecast that NiSource will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of NiSource

Several hedge funds have recently made changes to their positions in NI. ANTIPODES PARTNERS Ltd acquired a new stake in NiSource during the 3rd quarter worth approximately $84,086,000. Magnetar Financial LLC raised its stake in shares of NiSource by 195.5% in the second quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock valued at $7,380,000 after acquiring an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of NiSource by 10.6% in the second quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock valued at $13,737,000 after acquiring an additional 32,595 shares in the last quarter. Williamson Legacy Group LLC boosted its holdings in NiSource by 138.7% in the second quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock valued at $1,199,000 after purchasing an additional 17,271 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in NiSource by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock worth $170,070,000 after purchasing an additional 55,515 shares in the last quarter. Institutional investors and hedge funds 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.