NiSource
Market Cap
US$8.4b
Last Updated
2021/01/22 00:49 UTC
Data Sources
Company Financials +
Executive Summary
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential unattractive dividend payer.
Similar Companies
Share Price & News
How has NiSource's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NI's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.3%
NI
0.6%
US Integrated Utilities
1.4%
US Market
1 Year Return
-24.9%
NI
-14.3%
US Integrated Utilities
22.6%
US Market
Return vs Industry: NI underperformed the US Integrated Utilities industry which returned -13% over the past year.
Return vs Market: NI underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| NI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 0.6% | 1.4% |
| 30 Day | 1.0% | -0.003% | 4.9% |
| 90 Day | -9.8% | -7.6% | 14.6% |
| 1 Year | -22.4%-24.9% | -11.2%-14.3% | 25.4%22.6% |
| 3 Year | -1.5%-10.2% | 19.7%7.3% | 46.8%37.0% |
| 5 Year | 22.6%5.6% | 56.7%31.0% | 132.0%106.1% |
Long-Term Price Volatility Vs. Market
How volatile is NiSource's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
NiSource Inc.'s (NYSE:NI) Intrinsic Value Is Potentially 25% Below Its Share Price1 month ago | Simply Wall St
Will NiSource (NYSE:NI) Multiply In Value Going Forward?1 month ago | Simply Wall St
Is NiSource Inc. (NYSE:NI) A Strong Dividend Stock?Valuation
Is NiSource undervalued compared to its fair value and its price relative to the market?
1.85x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NI ($21.92) is trading above our estimate of fair value ($16.39)
Significantly Below Fair Value: NI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NI is unprofitable, so we can't compare its PE Ratio to the US Integrated Utilities industry average.
PE vs Market: NI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NI's PB Ratio (1.8x) is in line with the US Integrated Utilities industry average.
Next Steps
Future Growth
How is NiSource forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
57.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: NI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NI's is expected to become profitable in the next 3 years.
Revenue vs Market: NI's revenue (5.3% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: NI's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NI's Return on Equity is forecast to be low in 3 years time (9.6%).
Next Steps
Past Performance
How has NiSource performed over the past 5 years?
-25.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NI is currently unprofitable.
Growing Profit Margin: NI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NI is unprofitable, and losses have increased over the past 5 years at a rate of 25.3% per year.
Accelerating Growth: Unable to compare NI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NI is unprofitable, making it difficult to compare its past year earnings growth to the Integrated Utilities industry (5.9%).
Return on Equity
High ROE: NI has a negative Return on Equity (-4.45%), as it is currently unprofitable.
Next Steps
Financial Health
How is NiSource's financial position?
Financial Position Analysis
Short Term Liabilities: NI's short term assets ($2.8B) do not cover its short term liabilities ($3.4B).
Long Term Liabilities: NI's short term assets ($2.8B) do not cover its long term liabilities ($13.8B).
Debt to Equity History and Analysis
Debt Level: NI's debt to equity ratio (194.9%) is considered high.
Reducing Debt: NI's debt to equity ratio has increased from 172% to 194.9% over the past 5 years.
Debt Coverage: NI's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: NI is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is NiSource current dividend yield, its reliability and sustainability?
3.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NI's dividend (3.83%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: NI's dividend (3.83%) is low compared to the top 25% of dividend payers in the US market (3.86%).
Stability and Growth of Payments
Stable Dividend: NI's dividend payments have been volatile in the past 10 years.
Growing Dividend: NI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: NI is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NI's dividends in 3 years are forecast to be covered by earnings (65.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Joe Hamrock (56 yo)
5.5yrs
Tenure
US$6,628,690
Compensation
Mr. Joseph J. Hamrock, also known as Joe, is Treasurer at OhioHealth Corp. since 1st July 2020. He has been the Chief Executive Officer and President of NiSource Inc. since July 1, 2015. Mr. Hamrock serves...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD6.63M) is about average for companies of similar size in the US market ($USD6.22M).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.5yrs | US$6.63m | 0.11% $ 9.5m | |
| Executive VP | 5.5yrs | US$2.15m | 0.023% $ 2.0m | |
| Executive VP | 0.58yr | US$2.11m | 0.011% $ 966.0k | |
| Executive VP & Chief Legal Officer | 13.08yrs | US$1.68m | 0.089% $ 7.5m | |
| Executive VP & Chief Experience Officer | 5.5yrs | US$1.84m | 0.035% $ 3.0m | |
| VP, Chief Accounting Officer & Controller | 0.42yr | no data | no data | |
| VP of Investor Relations & Treasurer | no data | no data | no data | |
| Senior VP & Chief Communications Officer | 1yr | no data | no data | |
| Senior VP & Chief Human Resources Officer | 1.42yrs | no data | 0.0033% $ 277.2k | |
| Chief Strategy & Risk Officer | 4.58yrs | no data | 0.0055% $ 465.4k | |
| Senior Vice President of Enterprise Transformation Management Office | 2yrs | no data | 0.0072% $ 604.0k | |
| Senior VP & President of NIPSCO | 2.58yrs | no data | 0.0017% $ 143.6k |
2.6yrs
Average Tenure
55yo
Average Age
Experienced Management: NI's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.5yrs | US$6.63m | 0.11% $ 9.5m | |
| Independent Director | 4yrs | US$265.00k | 0.0047% $ 391.4k | |
| Independent Director | 23yrs | US$265.50k | 0.014% $ 1.2m | |
| Independent Chairman of the Board | 1.67yrs | US$372.29k | 0.0072% $ 607.3k | |
| Independent Director | 12.67yrs | US$255.00k | 0.0086% $ 725.8k | |
| Independent Director | 6yrs | US$235.00k | 0.0092% $ 772.0k | |
| Independent Director | 2.33yrs | US$235.00k | 0.0038% $ 319.2k | |
| Independent Director | 0.83yr | no data | 0.0029% $ 241.1k | |
| Independent Director | 3.5yrs | US$248.01k | 0.0065% $ 546.0k | |
| Independent Director | 4.83yrs | US$245.00k | 0.0075% $ 626.6k | |
| Independent Director | 8.67yrs | US$265.00k | 0.014% $ 1.2m | |
| Independent Director | 1.58yrs | US$196.91k | 0.00061% $ 51.2k |
4.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: NI's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
Company Information
NiSource Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NiSource Inc.
- Ticker: NI
- Exchange: NYSE
- Founded: 1847
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$8.400b
- Shares outstanding: 383.21m
- Website: https://www.nisource.com
Number of Employees
Location
- NiSource Inc.
- 801 East 86th Avenue
- Merrillville
- Indiana
- 46410
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| NOU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0K87 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| NI.PRB | NYSE (New York Stock Exchange) | 6% DEP SHS PFD B | US | USD | Nov 2018 | |
| N1IS34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 |
Biography
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates through two segments, Gas Distribution Operations and E...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:49 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.