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NiSource Inc Stock Research

NI

26.85USD-0.16(-0.59%)Market Closed

Market Summary

USD26.85-0.16
Market Closed
-0.59%

NI Alerts

NI Stock Price

NI RSI Chart

NI Valuation

Market Cap

11.1B

Price/Earnings (Trailing)

15.61

Price/Sales (Trailing)

1.87

Price/Free Cashflow

-13.91

NI Price/Sales (Trailing)

NI Profitability

Return on Equity

10.61%

Return on Assets

3.01%

Free Cashflow Yield

-7.19%

NI Fundamentals

NI Revenue

Revenue (TTM)

5.9B

Revenue Y/Y

4.95%

Revenue Q/Q

15.33%

NI Earnings

Earnings (TTM)

710.3M

Earnings Y/Y

-21.98%

Earnings Q/Q

36.2%

Price Action

52 Week Range

23.5631.57
(Low)(High)

Last 7 days

-1.9%

Last 30 days

-4.2%

Last 90 days

-3.5%

Trailing 12 Months

-13.4%

NI Financial Health

Current Ratio

0.55

Debt/Equity

1.26

Debt/Cashflow

0.15

NI Investor Care

Dividend Yield

3.65%

Dividend/Share (TTM)

0.98

Shares Dilution (1Y)

1.79%

Diluted EPS (TTM)

1.47

Peers (Alternatives to NiSource)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
32.9B
16.0B
-6.51% -5.62%
13.21
2.05
13.91% 73.64%
31.7B
11.2B
-4.67% -11.68%
30.71
3.23
22.92% 278.74%
27.4B
9.6B
-9.28% -15.65%
19.44
2.86
12.24% 8.56%
21.2B
8.1B
-9.24% -13.44%
19.66
2.61
21.37% 8.44%
16.7B
8.5B
-7.49% -17.50%
24.21
1.96
10.61% -49.30%
11.1B
5.9B
-4.24% -13.38%
15.61
1.87
13.70% -0.82%
MID-CAP
5.9B
9.8B
-14.66% -32.51%
-9.79
0.6
8.37% -140.17%
4.2B
2.6B
-5.24% -19.72%
16.37
1.66
23.85% -2.27%
3.4B
1.5B
-3.44% -8.90%
18
2.18
12.58% 1.94%
3.1B
1.8B
-5.38% -3.32%
22.62
1.78
16.29% -8.24%
2.4B
633.7M
-1.31% 26.23%
32.2
3.83
8.66% 32.50%
SMALL-CAP
1.4B
164.4M
5.34% -5.47%
32.76
8.56
11.99% -13.27%
855.9M
590.8M
-9.10% -5.24%
19.45
1.45
12.08% 13.70%
278.1M
343.0M
0.32% 112.14%
2.8
0.76
3.38% 82.31%

Financials for NiSource

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.6%5,9435,8515,5555,4255,227
Operating Expenses3.5%4,7474,5854,3704,2494,053
Interest Expenses7.0%387362347340340
Net Income-11.7%710804726723716
Net Income Margin5.2%0.14*0.13*0.13*0.14*-
Free Cahsflow-5.3%-793-753-534-571-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets0.4%26,85426,73725,57624,81424,366
  Current Assets-9.6%2,3372,5842,2291,9121,872
    Cash Equivalents263.5%14841.0036.0078.00115
  Goodwill0%1,4861,4861,4861,4861,486
  Current Liabilities-16.2%3,9074,6613,9113,0152,595
.    Short Term Borrowings-27.3%1,2821,7621,274555520
  Long Term Debt7.8%10,2659,5249,5219,5209,180
Shareholder's Equity5.7%8,0047,5757,1947,5407,531
  Retained Earnings8.1%-1,114-1,213-1,458-1,408-1,372
  Additional Paid-In Capital0.0%7,3737,3757,2257,2197,209
Shares Outstanding0.2%413412406406406
Minority Interest0.9%330326312316330
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations7.4%1,5131,4091,3151,4221,349
  Share Based Compensation-25.00----
Cashflow From Investing-13.9%-2,927-2,570-2,493-2,293-2,173
Cashflow From Financing25.5%1,4331,1411,201881858
  Dividend Payments2.1%389382372363354

Risks for NI

What is the probability of a big loss on NI?

32.7%


Probability that NiSource stock will be more than 20% underwater in next one year

18.1%


Probability that NiSource stock will be more than 30% underwater in next one year.

0%


Probability that NiSource stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if NiSource was unfortunately bought at previous high price.

Drawdowns

Returns for NI

Cumulative Returns on NI

12.4%


10-Year Cumulative Returns

4.6%


7-Year Cumulative Returns

4.4%


5-Year Cumulative Returns

7.8%


3-Year Cumulative Returns

What are the long-term rolling returns for NI?

FIve years rolling returns for NiSource.

Annualized Returns

Which funds bought or sold NI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-24
Old North State Trust, LLC
unchanged
-
-
7,000
-%
2023-05-23
3Chopt Investment Partners, LLC
new
-
221,974
221,974
0.12%
2023-05-23
Brookfield Corp /ON/
reduced
-1.07
1,443,090
166,691,000
0.64%
2023-05-23
Toroso Investments, LLC
added
112
463,000
860,000
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-3.19
-2,616,520
75,725,500
0.03%
2023-05-22
AMERIPRISE FINANCIAL INC
added
7.81
3,411,010
37,732,000
0.01%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-91.7
-3,103,830
287,010
-%
2023-05-18
JPMORGAN CHASE & CO
added
1.48
914,524
27,252,500
-%
2023-05-18
SkyView Investment Advisors, LLC
new
-
-
-
-%
2023-05-18
CENTAURUS FINANCIAL, INC.
added
2.18
6,000
151,000
0.01%

1–10 of 46

Latest Funds Activity

Are funds buying NI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NI
No. of Funds

NiSource News

MarketBeat
Thompson Siegel & Walmsley LLC Buys 244313 Shares of ....
MarketBeat,
22 hours ago
Stockhouse Publishing
InvestorsObserver
Zacks Investment Research

Schedule 13G FIlings of NiSource

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
1.5%
6,295,878
SC 13G/A
Feb 09, 2023
vanguard group inc
12.82%
52,054,948
SC 13G/A
Feb 07, 2023
state street corp
5.56%
22,596,044
SC 13G/A
Jan 27, 2023
blackrock inc.
10.6%
43,425,768
SC 13G/A
Jan 23, 2023
blackrock inc.
11.2%
45,669,748
SC 13G/A
Mar 11, 2022
blackrock inc.
13.6%
53,642,586
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.7%
27,162,692
SC 13G/A
Feb 11, 2022
state street corp
5.66%
22,223,865
SC 13G/A
Feb 09, 2022
vanguard group inc
12.09%
47,459,780
SC 13G/A
Feb 08, 2022
blackrock inc.
13.6%
53,642,586
SC 13G

NI Fair Value

NiSource fair value in different scenarios

The table shows the Fair Value estimates for NiSource for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

16.16

-39.81%

19.81

-26.22%

29.86

11.21%

39.35

46.55%

46.50

73.18%
Current Inflation

14.88

-44.58%

18.01

-32.92%

26.45

-1.49%

34.38

28.04%

40.31

50.13%
Very High Inflation

13.30

-50.47%

15.82

-41.08%

22.44

-16.42%

28.63

6.63%

33.22

23.72%

Historical NiSource Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of NiSource

View All Filings
Date Filed Form Type Document
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading
May 25, 2023
4
Insider Trading

Latest Insider Trading transactions for NI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-08
Cuccia Kimberly S
sold
-318,421
28.54
-11,157
svp, gc & corp sec
2023-03-27
Luhrs Michael
acquired
219,998
27.05
8,133
evp, strategy & risk & cco
2023-03-27
Luhrs Michael
acquired
500,019
27.05
18,485
evp, strategy & risk & cco
2023-03-27
Anderson Shawn
acquired
84,991
27.05
3,142
evp & cfo
2023-03-15
Berman Melanie B.
sold
-134,556
27.8931
-4,824
svp & chro
2023-02-28
Hooper Michael
sold (taxes)
-153,635
27.43
-5,601
svp and president, nipsco
2023-02-28
Anderson Shawn
acquired
357,824
27.43
13,045
svp strategy & chief risk off
2023-02-28
Brown Donald Eugene
sold (taxes)
-787,159
27.43
-28,697
evp & cfo
2023-02-28
Gode Gunnar
sold (taxes)
-100,531
27.43
-3,665
vp & chief accounting officer
2023-02-28
Cuccia Kimberly S
acquired
189,130
27.43
6,895
svp, gc & corp sec

1–10 of 50

Lloyd M. Yates
7270
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

NI Income Statement

2023-03-31
Statements Of Consolidated Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues  
Customer revenues$ 1,896.1$ 1,840.3
Other revenues69.933.0
Total Operating Revenues1,966.01,873.3
Operating Expenses  
Cost of energy765.1706.7
Operation and maintenance391.2394.3
Depreciation and amortization206.9192.7
Gain on sale of assets, net0.0(105.0)
Other taxes71.884.3
Operating Costs and Expenses1,435.01,273.0
Operating Income531.0600.3
Other Income (Deductions)  
Interest expense, net(108.9)(83.7)
Other, net1.510.9
Total Other Deductions, Net(107.4)(72.8)
Income before Income Taxes423.6527.5
Income Taxes85.896.2
Net Income337.8431.3
Net income attributable to noncontrolling interest4.84.5
Net Income Attributable to NiSource333.0426.8
Preferred dividends(13.8)(13.8)
Net Income Available to Common Shareholders$ 319.2$ 413.0
Earnings Per Share  
Basic Earnings Per Share$ 0.77$ 1.02
Diluted Earnings Per Share$ 0.71$ 0.94
Basic Average Common Shares Outstanding412.8406.0
Diluted Average Common Shares447.1441.4

NI Balance Sheet

2023-03-31
Statements of Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Property, Plant and Equipment  
Plant$ 28,065.6$ 27,551.3
Accumulated depreciation and amortization(7,838.0)(7,708.7)
Net Property, Plant and Equipment[1]20,227.619,842.6
Investments and Other Assets  
Unconsolidated affiliates2.21.6
Available-for-sale debt securities (amortized cost of $162.8 and $166.7, allowance for credit losses of $0.8 and $0.9, respectively)150.4151.6
Other investments74.371.0
Total Investments and Other Assets226.9224.2
Current Assets  
Cash and cash equivalents106.440.8
Restricted Cash41.934.6
Accounts receivable954.21,065.8
Allowance for credit losses(31.4)(23.9)
Accounts receivable, net922.81,041.9
Gas inventory138.8531.7
Materials and supplies, at average cost172.6151.4
Electric production fuel, at average cost64.968.8
Exchange gas receivable92.1128.1
Regulatory assets237.6233.2
Prepayments and other278.2210.0
Total Current Assets[1]2,336.52,584.3
Other Assets  
Regulatory assets2,319.22,347.6
Goodwill1,485.91,485.9
Deferred charges and other257.6252.0
Total Other Assets4,062.74,085.5
Total Assets26,853.726,736.6
Stockholders' Equity  
Common stock - $0.01 par value, 600,000,000 shares authorized; 412,982,639 and 412,142,602 shares outstanding, respectively4.24.2
Preferred stock - $0.01 par value, 20,000,000 shares authorized; 1,302,500 and 1,302,500 shares outstanding, respectively1,546.51,546.5
Treasury stock(99.9)(99.9)
Additional paid-in capital7,372.97,375.3
Retained deficit(1,114.8)(1,213.6)
Accumulated other comprehensive loss(34.7)(37.1)
Total NiSource Stockholders’ Equity7,674.27,575.4
Noncontrolling interest in consolidated subsidiaries329.5326.4
Total Equity8,003.77,901.8
Long-term debt, excluding amounts due within one year10,264.79,523.6
Total Capitalization18,268.417,425.4
Current Liabilities  
Current portion of long-term debt30.330.0
Short-term borrowings1,281.61,761.9
Accounts payable642.2899.5
Dividends payable - common stock103.40.0
Dividends payable - preferred stock19.40.0
Customer deposits and credits225.5324.7
Taxes accrued268.7246.2
Interest accrued139.2138.4
Exchange gas payable19.6147.6
Regulatory liabilities359.1236.8
Asset Retirement Obligation48.135.5
Accrued compensation and employee benefits124.5167.5
Obligations to renewable generation asset developer347.2347.2
Other accruals298.1325.2
Total Current Liabilities[2]3,906.94,660.5
Other Liabilities  
Deferred income taxes1,950.11,854.5
Accrued liability for postretirement and postemployment benefits239.6245.5
Regulatory liabilities1,725.51,775.8
Asset retirement obligations464.7478.1
Other noncurrent liabilities298.5296.8
Total Other Liabilities[2]4,678.44,650.7
Total Capitalization and Liabilities26,853.726,736.6
Joint Ventures  
Property, Plant and Equipment  
Net Property, Plant and Equipment972.7 
Current Assets  
Total Current Assets33.825.7
Current Liabilities  
Total Current Liabilities135.4128.2
Other Liabilities  
Total Other Liabilities$ 30.7$ 30.6
[1]Includes $972.7 million and $978.5 million at March 31, 2023 and December 31, 2022, respectively, of net property, plant and equipment assets and $33.8 million and $25.7 million at March 31, 2023 and December 31, 2022, respectively, of current assets of consolidated VIEs that may be used only to settle obligations of the consolidated VIEs. Refer to Note 12, "Variable Interest Entities," for additional information.
[2]Includes $135.4 million and $128.2 million at March 31, 2023 and December 31, 2022, respectively, of current liabilities and $30.7 million and $30.6 million at March 31, 2023 and December 31, 2022, respectively, of other liabilities of consolidated VIEs that creditors do not have recourse to our general credit. Refer to Note 12, "Variable Interest Entities," for additional information.