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NI $27.07

NI target price
27.07
0
32
NiSource
Type
Public
Traded as NYSE: NI
DJUA Component
S&P 500 Component
Industry Public utility
Founded 1912
Headquarters Merrillville, Indiana, United States
Key people
Joseph Hamrock, CEO
Products Natural gas, electricity
Number of employees
7000+
Website www.nisource.com

NiSource, Inc. is one of the largest fully regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands. The company, based in Merrillville, Indiana, United States, has more than 7,000 employees.

NiSource's natural gas utilities provide domestically produced supplies of natural gas to residential, commercial and industrial customers via nearly 60,000 miles of pipeline and related facilities in seven states: Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania and Virginia.

NiSource provides electric energy to nearly 500,000 customers, all located in northern Indiana. NiSource’s electric operations include power generation, transmission and local distribution, as well as wholesale and electric transmission transactions. NiSource uses both traditional and renewable generation sources, including natural gas, hydroelectric, wind, and coal generated supplies, providing a total system operating net capability of more than 3,000 megawatts.

In 2015, NiSource was named to the Dow Jones Sustainability - North America Index for the second year in a row and for the ninth time since 1999.

NiSource operates seven local utilities in its service region.

On July 1, 2015, NiSource separated Columbia Pipeline Group (NYSE: CPGX) into a stand-alone publicly traded company. Each NiSource shareholder at the time of the separation received one share of Columbia Pipeline Group for each share of NiSource. The separation of Columbia Pipeline Group included Columbia Gas Transmission, Columbia Gulf Transmission, Columbia Midstream Group, its ownership in Columbia Pipeline Partners (NYSE: CPPL), and other natural gas pipeline, storage and midstream holdings.

In December 2011, the non-partisan organization Public Campaign criticized NiSource for spending $1.83 million on lobbying and not paying any taxes during 2008-2010, instead getting $227 million in tax rebates, despite making a profit of $1.4 billion, and increasing executive pay by 33% to $11.2 million in 2010 for its top 5 executives. One rule NiSource, among other companies, benefitted from was a bonus depreciation rule that lowered the federal tax expense. NiSource stated, “This law, enacted by Congress, encouraged companies like NiSource to accelerate capital investments to spur economic recovery by permitting portions of these investments to be deducted at an accelerated rate. Only the timing of the deductions was changed, and not the amount that could be deducted. This means our income tax expense will likely be higher in the future.”

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-08-03 0.12 0.12
Q1 2022 2022-05-04 0.75 0.75
Q4 2021 2022-02-23 0.39 0.39
Q3 2021 2021-11-03 0.11 0.11
Q2 2021 2021-08-04 0.13 0.13
Q1 2021 2021-05-05 0.77 0.77
Q4 2020 2021-02-17 0.34 0.34
Q3 2020 2020-11-02 0.09 0.09
Q2 2020 2020-08-05 0.13 0.13

Ratings

2016-07-11 Reiterated Rating Argus Hold
2016-07-06 Downgrade Evercore ISI Hold to Sell $23.75
2016-07-05 Reiterated Rating KeyCorp Outperform $25.50 to $27.00
2016-04-25 Initiated Coverage Evercore ISI Hold $22.00
2016-03-29 Downgrade JPMorgan Chase & Co. Overweight to Neutral $24.00
2016-03-18 Boost Price Target Barclays Equal Weight $21.00 to $22.00
2016-03-18 Boost Price Target Barclays PLC Equal Weight $21.00 to $22.00
2016-03-10 Downgrade US Capital Advisors Overweight to Hold
2016-01-04 Boost Price Target Barclays Equal Weight $19.00 to $21.00
2015-12-15 Reiterated Rating JPMorgan Chase & Co. Overweight $22.00 to $21.00
2015-12-03 Boost Price Target Jefferies Group Hold $19.00
2015-10-13 Downgrade Credit Suisse Outperform to Neutral $19.00
2015-10-13 Downgrade Credit Suisse Group AG Outperform to Neutral $19.00
2015-09-15 Upgrade Argus Sell to Hold $18.79 to $16.74
2015-08-20 Reiterated Rating Jefferies Group Hold $18.00
2015-07-09 Upgrade JPMorgan Chase & Co. Neutral to Overweight $20.00
2015-07-06 Initiated Coverage Barclays Equal Weight $17.00
2015-07-05 Reiterated Rating Credit Suisse Buy
2015-07-02 Lower Price Target Credit Suisse Outperform $54.00 to $19.00
2015-07-01 Reiterated Rating Jefferies Group Hold $44.00 to $17.00
2015-06-30 Downgrade Argus Hold to Sell $29.00 to $21.00
2015-05-18 Reiterated Rating Credit Suisse Outperform $50.00 to $54.00
2015-05-11 Boost Price Target Jefferies Group Hold $43.00 to $44.00
2015-04-20 Initiated Coverage Citigroup Inc. Neutral $40.00 to $46.00
2015-03-18 Initiated Coverage JPMorgan Chase & Co. Neutral $46.00
2015-03-18 Reiterated Rating Credit Suisse Outperform $50.00
2015-01-26 Boost Price Target Jefferies Group Hold $40.00 to $43.00
2014-09-30 Upgrade Morgan Stanley Equal Weight $43.00 to $45.00
2014-09-30 Upgrade Credit Suisse Neutral to Outperform $41.00
2014-09-22 Reiterated Rating Jefferies Group Hold $37.00 to $40.00
2014-08-01 Boost Price Target Credit Suisse $40.00 to $41.00
2014-04-22 Reiterated Rating KeyBanc Buy $38.00
2014-04-22 Boost Price Target Credit Suisse $38.00 to $39.00
2014-04-17 Reiterated Rating Citigroup Inc. Neutral $36.00
2014-04-02 Initiated Coverage Jefferies Group Hold $34.00
2014-02-19 Boost Price Target Credit Suisse $35.00 to $38.00
2014-02-19 Boost Price Target Barclays $34.00 to $36.00
2014-01-28 Boost Price Target Credit Suisse $33.00 to $35.00
2013-11-01 Lower Price Target Credit Suisse Neutral $33.00 to $32.00
2012-03-21 Upgrade KeyBanc Capital Mkts Hold to Buy $26.50
2011-02-02 Reiterated Wunderlich Hold $17 to $18
2010-09-07 Downgrade KeyBanc Capital Mkts Buy to Hold
2010-08-27 Reiterated UBS Neutral $16.50 to $17
2010-08-26 Reiterated Barclays Capital Equal Weight $17 to $18
2010-07-26 Reiterated Barclays Capital Equal Weight $16 to $17
2009-08-18 Initiated Wunderlich Hold $13.50
2009-07-28 Downgrade Argus Buy to Hold
2009-01-05 Reiterated Barclays Capital Equal Weight $13 to $12
2007-11-02 Downgrade KeyBanc Capital Mkts Buy to Hold
2007-10-09 Upgrade KeyBanc Capital Mkts Hold to Buy $22
2016-07-11 Reiterated Rating Argus Hold
2016-07-06 Downgrade Evercore ISI Hold to Sell $23.75
2016-07-05 Reiterated Rating KeyCorp Outperform $25.50 to $27.00
2016-04-25 Initiated Coverage Evercore ISI Hold $22.00
2016-03-29 Downgrade JPMorgan Chase & Co. Overweight to Neutral $24.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SKAGGS ROBERT C JR President & CEO 0.24%  (766381) CLD / DTE / NI /
Hamrock Joseph Executive VP and Group CEO 0.11%  (358649) NI /
Hightman Carrie J EVP & Chief Legal Officer 0.11%  (343619) NI /
STATON JIMMY D EVP & Group CEO 0.11%  (339311) NI /
SMITH STEPHEN P EVP & Chief Financial Officer 0.10%  (305798) NI / NRP /
Stanley Jimmie L EVP and Group CEO 0.09%  (290651) NI /
Campbell Robert Dale Senior VP, Human Resources 0.06%  (192234) NI /
KETTERING GLEN L Sr VP Corporate Affairs 0.04%  (131940) NI /
NUTTER WALLACE LEE 0.04%  (129627) NI / RSG /
Sistovaris Violet Executive VP, NIPSCO 0.04%  (116590) NI /
LEVANDER CARL W EVP & Chief Regulatory Officer 0.02%  (53324) NI /
Brown Donald Eugene EVP & Chief Financial Officer 0.02%  (51567) NI /
ABDOO RICHARD A 0.02%  (50725) AKS / NI / ZBB /
WOO CAROLYN Y 0.01%  (38054) AON / NI /
Candris Aristides S 0.01%  (33038) NI /
Veurink Jon D VP, Controller & CAO 0.01%  (32883) NI /
Jesanis Michael E 0.01%  (32238) AMRC / NI /
Vegas Pablo EVP & President Columbia Gas 0.01%  (29549) NI /
Smith Teresa M VP, Human Resources 0.01%  (27620) NI /
Surface Suzanne K. Vice President, Audit 0.01%  (20393) NI /
Finissi Michael J EVP Safety Capital & Tech Srvc 0.01%  (19051) NI /
CORNELIUS SIGMUND L 0.01%  (18819) CRR / NI / TLLP / USU / WNR /
HENRETTA DEBORAH A 0.01%  (16946) GLW / MTH / NI / PG / SPLS /
KABAT KEVIN T 0.01%  (16808) ETFC / FITB / NI / UNM /