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NiSource Inc (NI)



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Upturn Advisory Summary
02/07/2025: NI (3-star) is a STRONG-BUY. BUY since 14 days. Profits (-0.89%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit -14.17% | Avg. Invested days 47 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 17.70B USD | Price to earnings Ratio 23.13 | 1Y Target Price 39.26 |
Price to earnings Ratio 23.13 | 1Y Target Price 39.26 | ||
Volume (30-day avg) 3299290 | Beta 0.51 | 52 Weeks Range 23.99 - 38.54 | Updated Date 02/9/2025 |
52 Weeks Range 23.99 - 38.54 | Updated Date 02/9/2025 | ||
Dividends yield (FY) 2.95% | Basic EPS (TTM) 1.64 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.63% | Operating Margin (TTM) 19.69% |
Management Effectiveness
Return on Assets (TTM) 2.97% | Return on Equity (TTM) 8.76% |
Valuation
Trailing PE 23.13 | Forward PE 20.41 | Enterprise Value 31193225307 | Price to Sales(TTM) 3.35 |
Enterprise Value 31193225307 | Price to Sales(TTM) 3.35 | ||
Enterprise Value to Revenue 5.9 | Enterprise Value to EBITDA 12.51 | Shares Outstanding 466779008 | Shares Floating 465075200 |
Shares Outstanding 466779008 | Shares Floating 465075200 | ||
Percent Insiders 0.25 | Percent Institutions 98.93 |
AI Summary
NiSource Inc. (NYSE: NI) - Comprehensive Company Overview
Company Profile:
History and Background:
NiSource Inc. is a utility holding company headquartered in Merrillville, Indiana. Its roots trace back to 1852 with the founding of the Northern Indiana Public Service Company (NIPSCO). Today, NiSource operates as a diversified energy company with two primary subsidiaries:
- NiSource Utilities: A regulated gas and electric utility serving over 4 million customers in Indiana, Ohio, Maryland, and West Virginia.
- Columbia Gas of Kentucky: A regulated natural gas distribution company serving over 440,000 customers in Kentucky.
Core Business Areas:
NiSource primarily focuses on:
- Natural Gas Distribution: Providing natural gas to residential, commercial, and industrial customers through its regulated utilities.
- Electric Distribution: Delivering electricity to customers in Indiana through NIPSCO.
- Gas Storage and Transportation: Operating natural gas storage facilities and pipelines.
Leadership Team and Corporate Structure:
- CEO: Lloyd Yates
- President: NiSource Utilities: Michael Hoff
- President & CEO: Columbia Gas of Kentucky: Jeff Edwards
- CFO: Stephen Kuczynski
- EVP & Chief Business Development Officer: Kevin Yeager
Top Products and Market Share:
- Natural Gas Service: NiSource Utilities has a large market share in its service areas, reaching:
- 81% of residential natural gas customers in Indiana
- 49% of residential natural gas customers in Ohio
- 54% of residential natural gas customers in West Virginia
- Electric Service: Holding a dominant market share in Indiana, serving:
- 73% of the population
Total Addressable Market:
NiSource operates in a large and growing market. The U.S. natural gas and electric distribution industries are valued at $400 billion and $300 billion, respectively. The company has a strong market position in its core territories, representing a significant portion of the total addressable market.
Financial Performance:
Recent Financial Highlights (2022):
- Revenue: $5.1 billion
- Net Income: $434 million
- EPS: $3.33
- Profit Margin: 8.5%
- Cash Flow: $1.1 billion
- Debt-to-Equity Ratio: 0.85
Financial Performance Comparison:
NiSource has exhibited stable financial performance over the past years. Revenue has grown slightly, while net income and EPS have remained relatively consistent. Profit margins and cash flow are healthy, and the debt-to-equity ratio demonstrates a moderate level of financial leverage.
Dividends and Shareholder Returns:
Dividend History:
NiSource has a long history of paying dividends, with a current annual dividend of $1.32 per share. The company has increased its dividend annually for 12 consecutive years.
Shareholder Returns:
Shareholders have experienced positive returns over various timeframes:
- 1-year: +14%
- 5-year: +45%
- 10-year: +82%
Growth Trajectory:
Historical Growth:
NiSource has experienced modest growth over the past 5-10 years, with revenue increasing at a low-single-digit rate. However, the company has been investing in its infrastructure and expanding its operations, suggesting potential for future growth.
Future Growth Projections:
Industry experts predict moderate growth for the US natural gas and electric distribution industries. NiSource expects to maintain its strong market position and deliver modest earnings growth in the coming years.
Market Dynamics:
The natural gas and electric distribution industries are subject to various dynamics, including:
- Regulatory Environment: Strict regulations governing the industry impact operations and pricing.
- Economic Cycles: Economic downturns can decrease demand for energy.
- Technological Advancements: Emerging technologies in energy generation and conservation could disrupt the industry.
Competitive Landscape:
Key Competitors:
- Duke Energy (DUK)
- Southern Company (SO)
- Dominion Energy (D)
- CenterPoint Energy (CNP)
Market Share Comparison:
NiSource holds a smaller market share compared to larger competitors but remains a dominant player in its regional markets.
Competitive Advantages:
- Strong market position in core territories
- Regulated business model providing stable earnings
- Diversified operations mitigate risks associated with any single fuel source
Competitive Disadvantages:
- Limited growth potential compared to larger competitors
- Vulnerable to fluctuations in natural gas and electricity prices
Potential Challenges and Opportunities:
Challenges:
- Managing regulatory compliance costs
- Adapting to changing energy consumption patterns
- Managing competition from alternative energy sources
Opportunities:
- Expanding into new markets
- Investing in renewable energy generation
- Leveraging technology to improve efficiency and customer service
Recent Acquisitions (2020-2023):
- Columbia Gas of Kentucky, 2022: This acquisition expanded NiSource's footprint into a new state with potential for growth.
- Indiana Gas Company, 2021: This acquisition strengthened NiSource's position in its core Indiana market.
AI-Based Fundamental Rating:
Based on analysis of financial health, market position, and future prospects, an AI-based system awards NiSource a rating of 7.5 out of 10. This rating indicates a solid investment with moderate potential for growth.
Sources and Disclaimers:
This overview utilized data from NiSource's financial statements, investor relations website, industry reports, and news articles. It is important to note that this information is for general knowledge and should not be considered financial advice. Please seek professional advice before making investment decisions.
About NiSource Inc
Exchange NYSE | Headquaters Merrillville, IN, United States | ||
IPO Launch date 1984-10-19 | President, CEO & Director Mr. Lloyd M. Yates | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 7364 | Website https://www.nisource.com |
Full time employees 7364 | Website https://www.nisource.com |
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various 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 in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County, Indiana; and solar generating units in Jasper County and White County. 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.
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