Buy Or Sell Opportunity • Jun 06
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €40.20. The fair value is estimated to be €33.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 8.9%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Declared Dividend • May 21
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 31st July 2026 Payment date: 20th August 2026 Dividend yield will be 2.6%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director John McAvoy was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 12
Nisource Inc. Declares Quarterly Common Stock Dividend, Payable on August 20, 2026 NiSource Inc. declared a quarterly common stock dividend payment of $0.30 cents per share, payable August 20, 2026, to stockholders of record at the close of business on July 31, 2026. Aankondiging • Apr 23
NiSource Inc. to Report Q1, 2026 Results on May 06, 2026 NiSource Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 06, 2026 Aankondiging • Mar 31
NiSource Inc., Annual General Meeting, May 11, 2026 NiSource Inc., Annual General Meeting, May 11, 2026. Aankondiging • Mar 18
NiSource Inc. Declares Quarterly Common Stock Dividend, Payable on May 20, 2026 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.30 cents per share, payable May 20, 2026, to stockholders of record at the close of business on April 30, 2026. Aankondiging • Jan 29
NiSource Inc. to Report Fiscal Year 2025 Results on Feb 11, 2026 NiSource Inc. announced that they will report fiscal year 2025 results at 9:30 AM, US Eastern Standard Time on Feb 11, 2026 Aankondiging • Jan 23
NiSource Inc. Declares Quarterly Common Stock Dividend, Payable on February 20, 2026 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.30 cents per share, payable February 20, 2026, to stockholders of record at the close of business on February 3, 2026. Aankondiging • Oct 30
NiSource Inc. Provides Consolidated Earnings Guidance for the Year 2026 NiSource Inc. provided consolidated earnings guidance for the year 2026. For the year, the company expects consolidated EPS to be between $2.02 to $2.07. Aankondiging • Oct 16
NiSource Inc. to Report Q3, 2025 Results on Oct 29, 2025 NiSource Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 29, 2025 Aankondiging • Sep 25
NiSource Inc. Receives Indiana Utility Regulatory Commission’s (IURC) Approval for its NIPSCO Generation LLC Declination Petition NiSource Inc. received Indiana Utility Regulatory Commission’s (IURC) approval for its NIPSCO Generation LLC (GenCo) declination petition. GenCo is designed to own, build and manage generation assets to serve the growing data center industry in Northern Indiana. This approval marks a pivotal moment for company and the region, unlocking GenCo’s ability to protect existing NIPSCO retail customers and best serve data center and other large load customers. GenCo’s strategic pillars include: Customers First: GenCo was created to shield NIPSCO’s existing retail customers from costs associated with serving new data center customers. Growth Ready: By operating as a separate entity, GenCo is best positioned to meet the demands of new data center customers quickly and flexibly. Financial Stability: GenCo enables NiSource to make prudent investments, manage costs effectively and create predictable cash flows. Future Flexibility: GenCo allows for quick adaptability as energy markets evolve, ensuring that the company can pursue future opportunities on behalf of the region without compromising customer value. Aankondiging • Aug 13
NiSource Inc. Declares Quarterly Common Stock Dividend, Payable on November 20, 2025 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.28 cents per share, payable November 20, 2025, to stockholders of record at the close of business on October 31, 2025. Aankondiging • Jul 24
NiSource Inc. to Report Q2, 2025 Results on Aug 06, 2025 NiSource Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Aankondiging • May 13
NiSource Inc. Declares Quarterly Common Stock Dividend, Payable August 20, 2025 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.28 cents per share, payable August 20, 2025, to stockholders of record at the close of business on July 31, 2025. Aankondiging • Apr 24
NiSource Inc. to Report Q1, 2025 Results on May 07, 2025 NiSource Inc. announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Aankondiging • Apr 01
NiSource Inc., Annual General Meeting, May 12, 2025 NiSource Inc., Annual General Meeting, May 12, 2025. Aankondiging • Mar 19
Nisource Declares Quarterly Common Stock Dividend, Payable May 20, 2025 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.28 cents per share, payable May 20, 2025, to stockholders of record at the close of business on April 30, 2025. Aankondiging • Jan 30
NiSource Inc. to Report Q4, 2024 Results on Feb 12, 2025 NiSource Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 12, 2025 Aankondiging • Jan 24
NiSource Inc. Declares Common Stock Dividend, Payable on February 20, 2025 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.28 per share, payable on February 20, 2025, to stockholders of record at the close of business on February 3, 2025. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$0.19 (vs US$0.19 in 3Q 2023) Third quarter 2024 results: EPS: US$0.19 (up from US$0.19 in 3Q 2023). Revenue: US$1.08b (up 4.8% from 3Q 2023). Net income: US$85.7m (up 11% from 3Q 2023). Profit margin: 8.0% (up from 7.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 24
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 20 November 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.7%). Aankondiging • Oct 16
NiSource Inc. to Report Q3, 2024 Results on Oct 30, 2024 NiSource Inc. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Oct 30, 2024 Declared Dividend • Aug 19
Dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 31st October 2024 Payment date: 20th November 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 14
Nisource Inc. Declares Quarterly Common Stock Dividend, Payable November 20, 2024 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.265 cents per share, payable November 20, 2024, to stockholders of record at the close of business on October 31, 2024. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.19 (vs US$0.097 in 2Q 2023) Second quarter 2024 results: EPS: US$0.19 (up from US$0.097 in 2Q 2023). Revenue: US$1.08b (flat on 2Q 2023). Net income: US$85.8m (up 115% from 2Q 2023). Profit margin: 7.9% (up from 3.7% in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Jul 24
NiSource Inc. to Report Q2, 2024 Results on Aug 07, 2024 NiSource Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Upcoming Dividend • Jul 24
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 20 August 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.0%). Declared Dividend • May 20
Dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 31st July 2024 Payment date: 20th August 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 14
NiSource Inc. Declares Quarterly Common Stock Dividend, Payable August 20, 2024 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.265 cents per share, payable August 20, 2024, to stockholders of record at the close of business on July 31, 2024. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.77 (vs US$0.77 in 1Q 2023) First quarter 2024 results: EPS: US$0.77. Revenue: US$1.71b (down 13% from 1Q 2023). Net income: US$344.3m (up 7.9% from 1Q 2023). Profit margin: 20% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Integrated Utilities industry in Europe. Aankondiging • Apr 26
NiSource Inc. to Report Q1, 2024 Results on May 08, 2024 NiSource Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Upcoming Dividend • Apr 25
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.6%). Upcoming Dividend • Apr 25
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.6%). Upcoming Dividend • Apr 22
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.7%). Aankondiging • Apr 12
John Chevedden an Exempt Solicitation Statement and Request Vote for the Proposal On April 12, 2024, John Chevedden has filed an exempt solicitation statement and urged the shareholders of NiSource Inc to vote for Say on Director Pay at the Company’s annual general meeting of shareholders. Aankondiging • Apr 02
NiSource Inc., Annual General Meeting, May 13, 2024 NiSource Inc., Annual General Meeting, May 13, 2024, at 09:30 Central Standard Time. Agenda: To elect twelve directors named in the proxy statement to hold office until the next annual stockholders' meeting and until their respective successors have been elected or appointed and qualified; to approve named executive officer compensation on an advisory basis; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2024; to approve Amended and Restated Employee Stock Purchase Plan to increase the number of shares available under the plan; to consider a stockholder proposal requesting that Board of Directors amend bylaws requiring stockholder approval of director compensation; and to consider other business issues. Declared Dividend • Mar 24
Fourth quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 29th April 2024 Payment date: 20th May 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 13
NiSource Announces Executive Changes for its Subsidiary NIPSCO NiSource announced that Mike Hooper, president of their Indiana-based subsidiary NIPSCO, is departing on March 15, following a successful 13-year career with the organization. Hooper is leaving to accept an opportunity to lead another Midwest utility company. The company also announced that Vince Parisi, president and chief operating officer of NiSource subsidiary Columbia Gas of Ohio, will take over leadership responsibilities for NIPSCO in the interim, maintaining both roles. Parisi has extensive experience and familiarity with electric operations and Indiana. Prior to becoming president of Columbia Gas of Ohio in June 2020, Vince served as president of the U.S. utilities for AES Corp., and president and CEO of Indianapolis Power & Light Company and Dayton Power and Light Company. He also served in senior leadership positions with Gas Natural Inc. and IGS Energy. Vince earned his bachelor’s degree in economics from The Ohio State University and received his law degree and an LL.M. in taxation from Capital University in Columbus, Ohio. Recent Insider Transactions • Mar 09
Executive VP & Chief Innovation Officer recently sold €921k worth of stock On the 6th of March, Donald Brown sold around 37k shares on-market at roughly €24.57 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Aankondiging • Feb 22
NiSource Inc. has filed a Follow-on Equity Offering in the amount of $900 million. NiSource Inc. has filed a Follow-on Equity Offering in the amount of $900 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$1.72 (vs US$1.84 in FY 2022) Full year 2023 results: EPS: US$1.72 (down from US$1.84 in FY 2022). Revenue: US$5.51b (down 5.9% from FY 2022). Net income: US$714.3m (down 4.6% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 21
NiSource Inc. Announces Departure of Donald Brown as Executive Vice President and Chief Innovation Officer, Effective on or Before May 1, 2024 On February 19, 2024, Donald Brown informed NiSource Inc. that he will depart the Company as Executive Vice President and Chief Innovation Officer effective on or before May 1, 2024. Aankondiging • Feb 08
NiSource Inc. to Report Q4, 2023 Results on Feb 21, 2024 NiSource Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 21, 2024 Buy Or Sell Opportunity • Feb 08
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €23.00. The fair value is estimated to be €28.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Declared Dividend • Jan 28
Third quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 2nd February 2024 Payment date: 20th February 2024 Dividend yield will be 4.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 26
NiSource Inc. Declares Common Stock Dividend, Payable on February 20, 2024 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of $0.265 cents per share, payable February 20, 2024, to stockholders of record at the close of business on February 5, 2024. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.13 in 3Q 2022) Third quarter 2023 results: EPS: US$0.19 (up from US$0.13 in 3Q 2022). Revenue: US$1.03b (down 5.7% from 3Q 2022). Net income: US$77.0m (up 48% from 3Q 2022). Profit margin: 7.5% (up from 4.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 23
Upcoming dividend of US$0.25 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 20 November 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.9%). Aankondiging • Oct 19
NiSource Inc. to Report Q3, 2023 Results on Nov 01, 2023 NiSource Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Aankondiging • Aug 09
NiSource Inc. Declares Common Stock Quarterly Dividend, Payable on November 20, 2023 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of 25 cents per share, payable November 20, 2023, to stockholders of record at the close of business on October 31, 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.11 (vs US$0.13 in 2Q 2022) Second quarter 2023 results: EPS: US$0.11 (down from US$0.13 in 2Q 2022). Revenue: US$1.09b (down 7.9% from 2Q 2022). Net income: US$46.1m (down 13% from 2Q 2022). Profit margin: 4.2% (down from 4.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of US$0.25 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%). Aankondiging • May 24
NiSource Inc. Declares Common Stock Dividend, Payable on August 18, 2023 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of 25 cents per share, payable August 18, 2023, to stockholders of record at the close of business on July 31, 2023. Recent Insider Transactions • May 12
Senior VP recently sold €289k worth of stock On the 8th of May, Kimberly Cuccia sold around 11k shares on-market at roughly €25.90 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €417k more than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.77 (vs US$1.02 in 1Q 2022) First quarter 2023 results: EPS: US$0.77 (down from US$1.02 in 1Q 2022). Revenue: US$1.97b (up 4.9% from 1Q 2022). Net income: US$319.2m (down 23% from 1Q 2022). Profit margin: 16% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 20
Upcoming dividend of US$0.25 per share at 3.5% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.3%). Recent Insider Transactions • Mar 22
Insider recently sold €128k worth of stock On the 15th of March, Melanie Berman sold around 5k shares on-market at roughly €26.47 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$1.84 (vs US$1.35 in FY 2021) Full year 2022 results: EPS: US$1.84 (up from US$1.35 in FY 2021). Revenue: US$5.85b (up 19% from FY 2021). Net income: US$749.0m (up 41% from FY 2021). Profit margin: 13% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 07
NiSource Inc. to Report Q4, 2022 Results on Feb 22, 2023 NiSource Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 22, 2023 Aankondiging • Jan 27
NiSource Inc. Declares Quarterly Dividend, Payable on February 17, 2023 The board of directors of NiSource Inc. declared a quarterly common stock dividend payment of 25 cents per share, payable February 17, 2023 to stockholders of record at the close of business on February 7, 2023. This represents an annualized common dividend payment of $1 per share, an increase of more than 6% over the 2022 payment of 94 cents. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: US$0.13 (vs US$0.13 in 3Q 2021) Third quarter 2022 results: EPS: US$0.13 (up from US$0.13 in 3Q 2021). Revenue: US$1.09b (up 14% from 3Q 2021). Net income: US$52.0m (up 5.3% from 3Q 2021). Profit margin: 4.8% (down from 5.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 21
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 18 November 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.7%). Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.12 in 2Q 2021) Second quarter 2022 results: EPS: US$0.13 (up from US$0.12 in 2Q 2021). Revenue: US$1.18b (up 20% from 2Q 2021). Net income: US$53.2m (up 14% from 2Q 2021). Profit margin: 4.5% (down from 4.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 1.5% compared to a 5.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Director Bill Johnson was the last director to join the board, commencing their role in 2022. Upcoming Dividend • Jul 21
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.2%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.02 (vs US$0.72 in 1Q 2021) First quarter 2022 results: EPS: US$1.02 (up from US$0.72 in 1Q 2021). Revenue: US$1.87b (up 21% from 1Q 2021). Net income: US$413.0m (up 47% from 1Q 2021). Profit margin: 22% (up from 18% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.5%, compared to a 1.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Bill Johnson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 21
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.9%). In line with average of industry peers (3.2%). Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Bill Johnson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.35 (up from US$0.19 loss in FY 2020). Revenue: US$4.90b (up 4.7% from FY 2020). Net income: US$529.8m (up US$602.5m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to stay flat compared to a 2.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to €22.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Integrated Utilities industry in Europe. Total returns to shareholders of 6.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.20 per share. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$0.13 (vs US$0.49 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$959.4m (up 6.3% from 3Q 2020). Net income: US$49.4m (up US$236.1m from 3Q 2020). Profit margin: 5.1% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$0.12 (vs US$0.048 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$986.0m (up 2.4% from 2Q 2020). Net income: US$46.5m (up US$65.0m from 2Q 2020). Profit margin: 4.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Apr 23
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 20 May 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.4%). Recent Insider Transactions • Mar 17
Senior VP & President of NIPSCO recently sold €93k worth of stock On the 11th of March, Michael Hooper sold around 5k shares on-market at roughly €18.58 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €220k more than they bought in the last 12 months. Reported Earnings • Feb 20
Full year 2020 earnings released: US$0.19 loss per share (vs US$0.88 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$4.68b (down 10% from FY 2019). Net loss: US$72.7m (down 122% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 17%, compared to a 5.7% growth forecast for the Integrated Utilities industry in Germany. Upcoming Dividend • Feb 01
Upcoming Dividend of US$0.22 Per Share Will be paid on the 19th of February to those who are registered shareholders by the 8th of February. The trailing yield of 3.8% is in the top quartile of German dividend payers (3.5%), and it is higher than industry peers (3.4%). Executive Departure • Jan 31
Executive VP & Chief Legal Officer has left the company On the 29th of January, Carrie Hightman's tenure as Executive VP & Chief Legal Officer ended after 13.1 years in the role. As of September 2020, Carrie personally held 342.60k shares (€6.5m worth at the time). A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Jan 27
New 90-day low: €17.40 The company is down 10.0% from its price of €19.40 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.89 per share. Is New 90 Day High Low • Dec 22
New 90-day low: €17.80 The company is down 5.0% from its price of €18.80 on 22 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.31 per share. Recent Insider Transactions • Nov 12
Insider recently sold €85k worth of stock On the 9th of November, Daniel Creekmur sold around 4k shares on-market at roughly €20.56 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €914k more than they bought in the last 12 months. 
