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NiSource(NI) - 2024 Q3 - Quarterly Results
2024-10-30 10:33
Exhibit 99.1 FOR IMMEDIATE RELEASE: October 30, 2024 NiSource announces third quarter 2024 results • Reaffirming 2024 non-GAAP adjusted EPS guidance • Introducing 2025 non-GAAP adjusted EPS guidance and extending expected annual 6-8% growth to 2025-2029 • Updating 5-year capital expenditure base plan to $19.3 billion MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended September 30, 2024, of $85.7 million, or $ ...
What Makes NiSource (NI) a Good Fit for 'Trend Investing'
ZACKS· 2024-09-25 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...
Why NiSource (NI) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-09-13 16:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that me ...
Here's Why You Should Add NiSource Stock to Your Portfolio Now
ZACKS· 2024-09-13 13:26
NiSource Inc.'s (NI) ongoing strategic investments to modernize infrastructure should further enhance the reliability of its operations. The company continues to add clean assets to its portfolio, which helps boost its overall performance. Given its growth opportunities, NiSource makes for a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. NI's Growth Projections & Surprise History The Zacks Consensus ...
NiSource Set For Outperformance But CenterPoint Energy Faces Regulatory Hurdles, Says BofA Analyst
Benzinga· 2024-09-12 19:27
Group 1: NiSource Inc (NI) - BofA Securities analyst Ross Fowler reinstated a Buy rating for NiSource Inc with a price target of $37, highlighting the company's strong regulatory and financial execution over the past 24 months [1] - The new senior management team has been effective, delivering results at the high end of expectations under various conditions [2] - Fowler expects capital upside from data centers, anticipated updates, and multiple expansions from ongoing rate case resolutions, supported by a robust balance sheet [2] Group 2: CenterPoint Energy, Inc (CNP) - Fowler assigned a Neutral rating to CenterPoint Energy with a price target of $29, noting that the company is navigating political and regulatory challenges following its response to Hurricane Beryl [1][3] - The analyst forecasts EPS of $1.64, $1.74, and $1.85 for FY24, FY25, and FY26, compared to consensus estimates of $1.62, $1.73, and $1.86, respectively [4] - While the direct financial impact from Hurricane Beryl is likely manageable due to Texas storm recovery mechanisms, ongoing investigations and a pending general rate case suggest near-term multiple recovery is unlikely [3]
NiSource At Range Top, Still A Hold
Seeking Alpha· 2024-09-11 13:55
Denis Shevchuk NiSource Inc. (NYSE:NI) comprises five Columbia Midwestern and mid-Atlantic gas local distribution utility companies (LDCs) and one gas and electric utility, NIPSCO. The company offers investors a 3.16% dividend and a relatively low beta of 0.50. Several months ago, NiSource's equity market capitalization was $10.8 billion. It is now $15.0 billion, an increase of 39%. The company's stock price has increased 28% and is now trading at the top of its 52-week range because of expected interest ra ...
NiSource (NI) Up 7.6% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-06 16:37
It has been about a month since the last earnings report for NiSource (NI) . Shares have added about 7.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is NiSource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. NiSource Q2 Earnings Surpass Estimates, Revenues Lag N ...
NiSource (NI) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-08-28 16:46
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed b ...
NiSource (NI) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2024-08-21 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...
Here's Why You Should Add NiSource (NI) to Your Portfolio Now
ZACKS· 2024-08-13 12:35
NiSource Inc.'s (NI) systematic investment plans to modernize infrastructure should further enhance the reliability of its operations. The company continues to add clean assets to its portfolio, which helps boost its overall performance. Given its growth opportunities, NiSource makes for a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estima ...