NiSource (NYSE:NI) Stock, Quote.Headers.trade-ideas

NiSource

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.

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Analyst Ross Fowler reinstates Buy rating for NI with $37 price target and Neutral rating for CNP with $29 target. Forecasts EPS for both companies.

NiSource Set For Outperformance But CenterPoint Energy Faces Regulatory Hurdles, Says BofA Analyst

Earnings

American Electric Power Company, Inc. (NASDAQ: AEP) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.

AEP Stock Rides on Investments Despite High Interest Rates

NiSource Inc

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<p>As of Sept. 16, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pr</a>o. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</strong></h3>
<ul>
<li>On Aug. 7, NiSource posted better-than-expected quarterly earnings. &#8220;During the second quarter NiSource placed the Cavalry Solar &amp; Storage project into service and reported strong earnings results, executing our investment plan and delivering consistent shareholder returns,&#8221; said NiSource President and CEO, Lloyd Yates. The company's stock gained around 7% over the past month and has a 52-week high of $34.14.</li>
<li><strong>RSI Value:</strong> 82.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>NI Price Action:</strong> Shares of NiSource gained 1.3% to close at $34.06 on Friday.</li>
</ul>
<h3 class="wp-block-heading"><strong>PPL Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>)</strong></h3>
<ul>
<li>On Sept. 12, PPL finalized award for up to $72 million in federal funding from U.S. Department of Energy&#8217;s Office of Clean Energy Demonstrations. The company's stock gained around 4% over the past month and <a href="https://www.benzinga.com/quote/PPL">has a 52-week high</a> of $32.54.</li>
<li><strong>RSI Value:</strong> 70.90</li>
<li><strong>PPL Price Action:</strong> Shares of PPL gained 1.6% to close at $32.46 on Friday.</li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></strong></li>
</ul>


<p><strong>BofA Securities</strong> analyst Ross Fowler&nbsp;reinstated the Buy rating at <strong>NiSource Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/ni/analyst-ratings" rel="noreferrer noopener">price target of $37</a> and the Neutral rating at <strong>CenterPoint Energy, Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/cnp/analyst-ratings" rel="noreferrer noopener">price target of $29.</a></p>
<p><strong>NI</strong>: The analyst writes that NiSource has demonstrated strong regulatory and financial execution over the past 24 months and is gaining a reputation for consistency and financial prudence.</p>
<p>The new senior management team has proven effective, delivering results at the high end of expectations in various conditions, adds the analyst.</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39587521/pete-buttigieg-hurricane-beryl-is-proving-to-be-a-highly-destructive-storm" rel="noreferrer noopener">Pete Buttigieg: &#8216;Hurricane Beryl Is Proving To Be A Highly Destructive Storm&#8217;</a></strong></p>
<p>Fowler expects capital upside from data centers, anticipated updates, and multiple expansions from ongoing rate case resolutions, along with a robust balance sheet to drive continued outperformance.</p>
<p>The analyst forecasts EPS of $1.72, $1.85, and $2.01 for FY24, FY25, and FY26 vs. consensus of $1.73, $1.85, and $1.98, respectively.</p>
<p><strong>CNP</strong>: The analyst says that CenterPoint is navigating political and regulatory challenges following its response to Hurricane Beryl.</p>
<p><strong>Read: <a target="_blank" href="https://www.benzinga.com/top-stories/24/07/39668096/hurricane-beryl-expected-to-weaken-to-tropical-storm-as-it-hits-texas" rel="noreferrer noopener">Hurricane Beryl Expected To Weaken To Tropical Storm As It Hits Texas</a></strong></p>
<p>While the direct financial impact is likely manageable due to Texas storm recovery mechanisms, ongoing investigations and a pending general rate case suggest near-term multiple recovery unlikely, adds the analyst.</p>
<p>Fowler projects EPS of $1.64, $1.74, and $1.85 for FY24, FY25, and FY26, compared to consensus of $1.62, $1.73, and $1.86, respectively.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/09/40838076/hurricane-disrupts-ups-deliveries-in-southern-us-details" target="_blank" rel="noreferrer noopener">Hurricane Disrupts UPS Deliveries In Southern US: Details</a></strong></li>
</ul>


<p>B of A Securities  analyst Ross Fowler   reinstates NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Buy and announces $37 price target.</p>


Initiation

B of A Securities Reinstates Buy on NiSource, Announces $37 Price Target

<p>7 analysts have shared their evaluations of NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $33.57, with a high estimate of $36.00 and a low estimate of $31.00. This upward trend is apparent, with the current average reflecting a 4.35% increase from the previous average price target of $32.17.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726146051_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive NiSource. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$36.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Durgesh Chopra</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$31.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to NiSource. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of NiSource compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of NiSource's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into NiSource's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NiSource analyst ratings.</strong></a></p>
<h2>Delving into NiSource's Background</h2>
<p>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.</p>
<h3>A Deep Dive into NiSource's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, NiSource faced challenges, resulting in a decline of approximately <strong>-0.49%</strong> in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.</p>
<p><strong>Net Margin:</strong> NiSource's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>7.91%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NiSource's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>1.09%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.29%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>1.71</strong>, NiSource adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Verdict: NiSource In The Eyes Of 7 Experts

<p>BMO Capital  analyst James Thalacker   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Outperform and raises the price target from $34 to $36.</p>


BMO Capital Maintains Outperform on NiSource, Raises Price Target to $36

<p><strong>American Electric Power Company, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aep#NASDAQ">AEP</a>) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.</p>
<p>However, this Zacks Rank #3 (Hold) company faces risks like rising interest rates and an unfavorable financial position, which act as a headwind.</p>
<h2>AEP&#39;s Tailwinds</h2>
<p>American Electric has a capital investment plan of $43 billion for the 2024-2028 period in its core regulated operations, contracted renewables and wires. This should boost AEP&#39;s customer reliability. The company expects this systematic investment to support it in achieving long-term earnings growth of 6-7%.</p>
<p>Moreover, American Electric intends to invest roughly $27.3 billion in its transmission and distribution operations between 2024 and 2028 to build a more efficient grid and provide consumers with customized energy solutions.</p>
<p>In the clean energy space, as of June 30, 2024, AEP has regulatory nods from several state regulatory commissions to purchase 2,811 megawatts of owned renewable generation facilities for a total estimated cost of $6.6 billion. It plans to invest $9.4 billion in controlled renewable expansion between 2024 and 2028. This should further boost its renewable generation portfolio in the years to come.</p>
<h2>Headwinds Faced by AEP</h2>
<p>Since utility firms like American Electric Power finance their operations through both short and long-term borrowings, the increased interest rate environment in the United States remains a headwind for AEP in the form of higher interest expenses. In the second quarter of 2024, the company&#39;s interest expenditure increased by 1.2% year over year. If American Electric continues to face such escalating interest costs, it might adversely affect its financial situation in the near future.</p>
<p>As of June 30, 2024, American Electric had $40 billion in long-term debt, while its cash equivalents totaled $0.47 billion. As of the same date, its current debt was $3.75 billion. As both AEP&#39;s current and long-term debt levels remained far greater than its cash reserve, the company seems to have a weak position with respect to its solvency.</p>
<h2>AEP Stock Price Movement</h2>
<p>In the past three months, shares of AEP have risen 11.8% compared with the industry&#39;s growth of 3.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dc/75929.jpg?v=1237332659" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the same industry are<strong> DTE Energy Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>The AES Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) and <strong>NiSource Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>DTE Energy&#39;s long-term (three to five years) earnings growth rate is 8.1%. The company delivered an average earnings surprise of 0.77% in the last four quarters.</p>
<p>AES delivered an average earnings surprise of 19.18% in the last four quarters. The Zacks Consensus Estimate for AES&#39; 2024 sales suggests an improvement of 3.6% from the prior-year reported figure.</p>
<p>NiSource&#39;s long-term earnings growth rate is 6%. The company delivered an average earnings surprise of 20.64% in the last four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2328992/aep-stock-rides-on-investments-despite-high-interest-rates?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2328992">To read this article on Zacks.com click here.</a></p>


<p><strong>Public Service Enterprise Group, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/peg#NYSE">PEG</a>) or PSEG&#39;s focus on renewable generation expansion is likely to bolster its footprint in the clean energy market. To enhance customer reliability, the company makes consistent investments in its infrastructure, strengthening its transmission and distribution system&#39;s resilience.</p>
<p>However, this Zacks Rank #3 (Hold) company faces risks like an unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which acts as a headwind.</p>
<h2>PEG&#39;s Tailwinds</h2>
<p>PSEG has a capital investment plan of $18-$21 billion for 2024-2028 to constantly upgrade its infrastructure and expand its renewable generation portfolio. Its solid capital investment plan is estimated to bring in compounded annual rate base growth of 6-7.5% between 2024 and 2028.</p>
<p>In the clean energy space, the company is investing significantly in solar initiatives in utility-owned solar photovoltaic (PV) grid-connected systems. As of Dec. 31, 2023, the PSE&amp;G segment owned 158 MW DC of installed PV solar capacity throughout New Jersey.</p>
<p>PSEG is also expanding its footprint in the wind energy market. It is essential to note that the company has been granted various onshore transmission contracts by the New Jersey Board of Public Utilities to link customers with the offshore wind farms that are currently under development.</p>
<h2>Headwinds Faced by PSEG</h2>
<p>PSEG&#39;s segment, PSE&amp;G, has been collaborating with the New Jersey Department of Environmental Protection to assess and remediate environmental conditions at its former MGP sites. As of June 30, 2024, 38 sites require remedial action, and PSE&amp;G estimates costs of $196-$215 million to complete all sites. Such an expenditure might hurt PSEG&#39;s operating results.</p>
<p>As of June 30, 2024, the company owed $18.42 billion in long-term debt. Its cash balance of $0.11 billion at the end of the second quarter fell short of its long-term debt levels and the current debt value of $2.98 billion. This shows that PSEG has a weak solvency position.</p>
<h2>PEG Stock Price Movement</h2>
<p>In the past six months, shares of PEG have risen 28.7% compared with the industry&#39;s growth of 20.8%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/75670.jpg?v=354682259" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the same industry are <strong>DTE Energy Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>The AES Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) and <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>DTE Energy&#39;s long-term (three to five years) earnings growth rate is 8.1%. The company delivered an average earnings surprise of 0.77% in the last four quarters.</p>
<p>AES delivered an average earnings surprise of 19.18% in the last four quarters. The Zacks Consensus Estimate for AES&#39; 2024 sales suggests an improvement of 3.6% from the prior-year reported figure.</p>
<p>NiSource&#39;s long-term earnings growth rate is 6%. The company delivered an average earnings surprise of 20.64% in the last four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2328140/pseg-stock-rides-on-investments-despite-weak-financial-position?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2328140">To read this article on Zacks.com click here.</a></p>


PSEG Stock Rides on Investments Despite Weak Financial Position

<p><strong>The AES Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) is a global energy company. Its strategic investments to expand its clean energy generation capacity and construction of new generation, transmission and distribution projects are likely to boost its performance. Given its growth opportunities, AES makes for a solid investment option in the Utility sector.</p>
<p>The company currently carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.</p>
<h2>Growth Projections &amp; Surprise History of AES</h2>
<p>The Zacks Consensus Estimate for 2024 and 2025 earnings per share is pegged at $1.91 and $2.08, respectively, which indicates year-over-year growth of 8.5% and 8.8%.</p>
<p>The consensus estimate for 2024 and 2025 sales is pegged at $13.32 billion and $13.77 billion, respectively, which indicates year-over-year growth of 5.1% and 3.4%.</p>
<p>AES delivered an average earnings surprise of 19.18% in the past four quarters.</p>
<h2>AES Stock&#39;s Dividend Yield</h2>
<p>AES distributes dividends to shareholders on a regular basis. Its current dividend yield is 3.82%, which is better than the industry&#39;s average of 3.44%.</p>
<h2>AES&#39; Return on Equity</h2>
<p>AES&#39; current return on equity (ROE) is pinned at 32.74%, which is more than the industry average of 10.34%. ROE, a profitable measure, reflects how effectively a company is utilizing its shareholders&#39; funds in its operations to generate income.</p>
<h2>AES&#39; Investments</h2>
<p>AES is one of the forerunners in the utility industry&#39;s transition to clean energy by investing in sustainable growth and innovative solutions. Notably, the company completed the construction and the acquisition of 976 megawatts of wind, solar and energy storage, during the second quarter of 2024. It signed long-term contracts for 1 gigawatt (GW) of new renewables.</p>
<p>AES signed agreements to support 1.2 GW of new data center load at U.S utilities. It also signed 15-year power purchase agreements for 727 MW of wind and solar energy to serve data center growth in Texas and a 310 MW retail supply agreement to support data centers throughout Ohio.</p>
<p>This should help the company to duly add 3.6 GW of new renewable projects to its portfolio in 2024 and 14-17 GW of renewable energy capacity to its project portfolio during the 2023-2025 time period.</p>
<h2>AES Stock Performance</h2>
<p>Shares of AES have gained 22% in the past six months compared with the sector&#39;s 18.3% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a5/75393.jpg?v=956434569" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>Some other top-ranked stocks in the industry are <strong>American Electric Power Company, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aep#NASDAQ">AEP</a>), <strong>PPL Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppl#NYSE">PPL</a>) and <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>). Each of these stocks currently carries a Zacks Rank of 2.</p>
<p>American Electric Power&#39;s long-term (three to five years) earnings growth rate is 6.20%. The Zacks Consensus Estimate for 2024 sales indicates year-over-year growth of 5.7%.</p>
<p>PPL Corporation&#39;s long-term earnings growth rate is 6.80%. The consensus estimate for 2024 earnings indicates year-over-year growth of 7.5%.</p>
<p>NiSource delivered an average earnings surprise of 20.64% in the last four quarters. The Zacks Consensus Estimate for 2024 earnings indicates year-over-year growth of 7.5%.</p>
<p><a href="https://www.zacks.com/stock/news/2327144/here-s-why-you-should-add-aes-to-your-portfolio-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327144">To read this article on Zacks.com click here.</a></p>


Dividends

Contracts

Here's Why You Should Add AES to Your Portfolio Right Now

<p><strong>NiSource's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) short percent of float has fallen 8.52% since its last report. The company recently reported that it has <strong>16.52 million shares sold short</strong>, which is 4.19% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.7 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>NiSource Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724692521_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for NiSource has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing NiSource's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NiSource's peer group average for short interest as a percentage of float is 2.82%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

(NI) - Analyzing NiSource's Short Interest

<p>Barclays  analyst Nicholas Campanella   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Overweight and raises the price target from $34 to $35.</p>


Barclays Maintains Overweight on NiSource, Raises Price Target to $35

<p>In the last three months, 6 analysts have published ratings on NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>), offering a diverse range of perspectives from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $32.5, with a high estimate of $34.00 and a low estimate of $31.00. Surpassing the previous average price target of $31.00, the current average has increased by 4.84%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723125625_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>A clear picture of NiSource's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Durgesh Chopra</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to NiSource. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of NiSource compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of NiSource's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into NiSource's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NiSource analyst ratings.</strong></a></p>
<h2>All You Need to Know About NiSource</h2>
<p>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.</p>
<h3>Financial Insights: NiSource</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, NiSource faced challenges, resulting in a decline of approximately <strong>-13.21%</strong> in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.</p>
<p><strong>Net Margin:</strong> NiSource's net margin excels beyond industry benchmarks, reaching <strong>20.16%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> NiSource's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>4.39%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> NiSource's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>1.14%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> NiSource's debt-to-equity ratio is below the industry average at <strong>1.64</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Cracking The Code: Understanding Analyst Reviews For NiSource

<p>Evercore ISI Group  analyst Durgesh Chopra   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Outperform and raises the price target from $32 to $34.</p>


Evercore ISI Group Maintains Outperform on NiSource, Raises Price Target to $34

<p><strong>NiSource</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>) reported second-quarter 2024 operating earnings per share of 21 cents, which surpassed the Zacks Consensus Estimate of 15 cents by 40%. The bottom line increased 90.9% from the year-ago quarter&#39;s recorded figure of 11 cents.</p>
<p>On a GAAP basis, the company reported an EPS of 19 cents compared with 9 cents in the prior-year quarter.</p>
<h3>Total Revenues</h3>
<p>Operating revenues of $1.08 billion missed the Zacks Consensus Estimate of $1.16 billion by 6.8%. The top line also decreased 0.9% from the prior-year quarter&#39;s figure of $1.09 billion.</p>
<div class="chart_embed">
<h3>NiSource, Inc Price, Consensus and EPS Surprise</h3>
<h3><img alt="NiSource, Inc Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d7/1723032825.png" style="height:284px; width:613px" title="" /></h3>
<p>NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote</p>
</div>
<h3>Highlights of the Release</h3>
<p>Total operating expenses amounted to $847.7 million, down 8% from the year-ago quarter&#39;s level of $921.1 million due to low cost of energy.</p>
<p>Operating income totaled $237 million, up 40.3% from the year-ago figure of $168.9 million.</p>
<p>Net interest expenses amounted to $129.3 million, up 17.1% from the prior-year quarter&#39;s $110.5 million.</p>
<p>Total gas distribution in Sales and Transportation was recorded at 109.6 Million British Thermal Units per day (MMDth), down 5.1% from the prior-year quarter&#39;s 115.5 MMDth.</p>
<p>Total electric sales were recorded at 4,018.6 gigawatt-hours (GWh), up 6.6% from the prior-year quarter&#39;s 3,770.7 GWh.</p>
<h3>Financial Update</h3>
<p>NiSource&#39;s cash and cash equivalents as of Jun 30, 2024, were $0.101 billion compared with $2.25 billion as of Dec 31, 2023.</p>
<p>Long-term debts (excluding those due within a year) as of Jun 30, 2024, were $12.81 billion compared with $11.06 billion as of Dec 31, 2023.</p>
<p>Net cash flows from operating activities in the first six months of 2024 were $0.902 million compared with $1.19 billion in the year-ago period.</p>
<h3>Guidance</h3>
<p>The company continues to expect 2024 non-GAAP earnings in the band of $1.70-1.74 per share. The Zacks Consensus Estimate is pegged at $1.72 per share, in line with the midpoint of the company&#39;s guided range.</p>
<p>NI expects to witness an earnings CAGR of 6-8% through 2028. It also continues to expect capital expenditure of $16.4 billion for the 2024-2028 period.</p>
<h3>Zacks Rank</h3>
<p>NiSource currently carries a Zacks Rank #2 (Buy).</p>
<h3>Recent Releases</h3>
<p><strong>NextEra Energy, Inc.&#39;s </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nee#NYSE">NEE</a>) reported second-quarter 2024 adjusted earnings of 96 cents per share, which beat the Zacks Consensus Estimate of 93 cents by 3.2%.</p>
<p>The company&#39;s long-term (three to five years) earnings growth rate is 8.12%. The Zacks Consensus Estimate for 2024 earnings is pegged at $3.39 per share, which implies a year-over-year improvement of 6.9%.</p>
<p><strong>AVANGRID, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agr#NYSE">AGR</a>) reported second-quarter 2024 earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 27 cents by 81.5%.</p>
<p>AGR&#39;s long-term earnings growth rate is 6%. The Zacks Consensus Estimate for 2024 earnings is pegged at $2.23 per share, which calls for a year-over-year improvement of 6.7%.</p>
<p><strong>Pinnacle West Capital Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnw#NYSE">PNW</a>) reported second-quarter 2024 earnings of $1.76 per share, which beat the Zacks Consensus Estimate of $1.31 by 34.4%.</p>
<p>PNW&#39;s long-term earnings growth rate is 8.22%. The Zacks Consensus Estimate for 2024 earnings is pegged at $4.75 per share, which suggests a year-over-year improvement of 7.7%.</p>
<p><a href="https://www.zacks.com/stock/news/2318209/nisource-ni-q2-earnings-surpass-estimates-revenues-miss?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318209">To read this article on Zacks.com click here.</a></p>


Earnings Beats

Guidance

NiSource Q2 Earnings Surpass Estimates, Revenues Miss

WIIM

NiSource shares are trading higher following a Q2 EPS beat.

<p>NiSource is reaffirming 2024 adjusted EPS guidance of $1.70-1.74 as well as annual 6-8% adjusted EPS growth and annual 8-10% rate base growth&#x2A; for the 2023-2028 period. The 2024-2028 base capital expenditure plan is $16.4 billion.</p>


NiSource Reaffirmed 2024 Adj. EPS Outlook Of $1.70 - $1.74 Vs. $1.72 Consensus

<p>NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.16 by 31.25 percent. This is a 90.91 percent increase over earnings of $0.11 per share from the same period last year.</p>


NiSource Q2 2024 Adj. EPS $0.21 Beats $0.16 Estimate

<p>BMO Capital  analyst James Thalacker   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Outperform and raises the price target from $31 to $32.</p>


BMO Capital Maintains Outperform on NiSource, Raises Price Target to $32

<p>Barclays  analyst Nicholas Campanella   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Overweight and raises the price target from $31 to $34.</p>


Barclays Maintains Overweight on NiSource, Raises Price Target to $34

<p>In the preceding three months, 5 analysts have released ratings for NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $31.6, along with a high estimate of $33.00 and a low estimate of $31.00. This current average has increased by 4.46% from the previous average price target of $30.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720706409_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The perception of NiSource by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Durgesh Chopra</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$32.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to NiSource. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of NiSource compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for NiSource's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>For valuable insights into NiSource's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NiSource analyst ratings.</strong></a></p>
<h2>About NiSource</h2>
<p>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.</p>
<h3>NiSource's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Negative Revenue Trend:</strong> Examining NiSource's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately <strong>-13.21%</strong> in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.</p>
<p><strong>Net Margin:</strong> NiSource's net margin is impressive, surpassing industry averages. With a net margin of <strong>20.16%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NiSource's ROE excels beyond industry benchmarks, reaching <strong>4.39%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> NiSource's ROA excels beyond industry benchmarks, reaching <strong>1.14%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> NiSource's debt-to-equity ratio is below the industry average. With a ratio of <b>1.64</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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