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NiSource, Inc. is a holding company primarily engaged in the distribution of natural gas, accounting for 67.6% of its net sales, serving 3.3 million customers over a network of approximately 87,870.2 km. Additionally, it is involved in the generation, transmission, and distribution of electricity, which represents 32.4% of its operations, catering to 488,833 customers by the end of 2023. UBS suggests that NiSource's investment in power generation could enhance its earnings per share (EPS) by 2030.
UBS analyst Ross Fowler has reaffirmed a Buy rating for NiSource, setting a $45 price target as the stock approaches its 52-week high. The company's growth outlook is bolstered by a projected increase in demand from large customers, with potential earnings growth contingent on regulatory approval of its declination application. Despite mixed fourth-quarter earnings, NiSource plans significant capital expenditures and aims for a 6% to 8% annual EPS growth rate, supported by strategic investments and infrastructure development.
UBS has reiterated its Buy rating on NiSource, setting a price target of $45, as the stock approaches its 52-week high. The company's Integrated Resource Plan anticipates a significant demand increase from large customers, potentially reaching up to 8.6 GW by 2035, which could drive long-term earnings growth. Despite a mixed Q4 2024 performance, NiSource plans to invest $19.4 billion over five years, targeting an annual EPS growth rate of 6% to 8%, while also increasing its dividend by 9.4%.
NiSource Inc. reported a quarterly EPS of $0.20, surpassing estimates of $0.15, with revenues of $1.08 billion, exceeding the $986 million forecast. The company, which serves 3.3 million customers across several states, saw a 4.8% year-over-year revenue increase and has a current EPS projection of 1.73 for the fiscal year. Institutional investors hold 91.64% of the stock, with analysts maintaining a "Moderate Buy" consensus and an average target price of $37.50.
Nvidia"s stock rose nearly 5% to $147.01, with a significant 196% increase in 2024, as it prepares to report earnings. Retail giant Target also reports, while Walmart"s stock hit a new high after solid results. Delta Air Lines and United Airlines continue to see substantial gains, with Delta up 61% in 2024. Meanwhile, three utility companies—NiSource, Sempra, and Vistra—reached all-time highs, with Vistra gaining nearly 24% in November alone.
NiSource Inc.
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nisource investment in power generation may enhance earnings by 2030
16:41 24.03.2025
ubs maintains buy rating for nisource with growth outlook and price target
15:39 24.03.2025
ubs maintains buy rating on nisource with strong growth prospects
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