Last $41.73 USD
Change Today +0.16 / 0.38%
Volume 2.5M
NI On Other Exchanges
Symbol
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As of 4:15 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

nisource inc (NI) Snapshot

Open
$41.74
Previous Close
$41.57
Day High
$42.07
Day Low
$41.32
52 Week High
11/4/14 - $42.77
52 Week Low
12/19/13 - $31.10
Market Cap
13.2B
Average Volume 10 Days
1.9M
EPS TTM
$1.63
Shares Outstanding
315.7M
EX-Date
10/29/14
P/E TM
25.6x
Dividend
$1.04
Dividend Yield
2.44%
Current Stock Chart for NISOURCE INC (NI)

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nisource inc (NI) Details

NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services. It operates through three segments: Gas Distribution Operations, Columbia Pipeline Group Operations, and Electric Operations. The Gas Distribution Operations segment offers natural gas service and transportation to residential, commercial, and industrial customers. As of December 31, 2013, it owned and operated a total of 58,146 miles of pipelines and related facilities. This segment serves approximately 3.4 million customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana, and Massachusetts. The Columbia Pipeline Group Operations segment provides gas transportation and storage services for local distribution companies, marketers, and industrial and commercial customers located in northeastern, mid-Atlantic, midwestern, and southern states, as well as in the District of Columbia. As of December 31, 2013, it owned and operated approximately 14,780 miles of natural gas transmission pipelines. This segment also operates underground natural gas storage systems capable of storing approximately 642 billion cubic feet of natural gas. The Electric Operations segment generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services. It serves approximately 460,000 customers in 20 countries in the northern part of Indiana; and operates 3 coal-fired electric generating stations with a net capability of 2,540 megawatts (MW), 4 gas-fired generating units with a net capability of 206 MW, and 2 hydroelectric generating plants with a net capability of 10 MW, as well as a combined cycle gas turbine plant with a capacity of 535 MW. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1912 and is headquartered in Merrillville, Indiana.

8,477 Employees
Last Reported Date: 02/18/14
Founded in 1912

nisource inc (NI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $575.0K
Executive Vice President and Group Chief Exec...
Total Annual Compensation: $840.0K
Executive Vice President and Group Chief Exec...
Total Annual Compensation: $690.9K
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

nisource inc (NI) Key Developments

NiSource Inc. Closes Combined $3.5 Billion of Revolving Credit Capacity in Three, Five-Year Facilities

NiSource Inc. closed combined $3.5 billion of revolving credit capacity in three, five-year facilities. The majority of the capacity, $1.5 billion each at NiSource and Columbia Pipeline Group Inc., will become effective following the proposed separation of NiSource's natural gas pipeline business into a stand-alone publicly traded company. The post-separation NiSource facility will amend and replace the company's existing $2.0 billion revolving credit agreement. Both facilities will be used for working capital and other general corporate purposes. The $500 million facility at Columbia Pipeline Partners LP will become effective if and when the partnership completes its proposed initial public offering of common units.

NiSource Inc. Announces Executive Changes, Effective in Mid 2015

NiSource Inc. named key leaders expected to guide Columbia Pipeline Group Inc. and NiSource following the planned separation of the two energy companies in mid-2015. The company announced expected key post-separation leadership appointments for NiSource: Joseph Hamrock, currently EVP and group CEO of NiSource's Gas Distribution business unit, will become CEO of NiSource. Jim L. Stanley, EVP and group CEO for Northern Indiana Public Service Company, is expected to serve in the new role of chief operating officer for NiSource, overseeing a variety of functions, including capital program management, major projects and customer and commercial operations. A CFO for NiSource is expected to be named in early 2015, following completion of an internal and external candidate review. Additional leadership appointments for both companies will be announced prior to the time of separation. In addition, it is expected that Joe Hamrock will be named to the NiSource Board when he assumes CEO responsibilities for the company.

NiSource Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

NiSource Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total net revenues of $906.9 million compared to $839.8 million a year ago. Operating earnings were $180.3 million compared to $183.7 million a year ago. Operating earnings from continuing operations before income taxes were $79.9 million compared to $84.7 million a year ago. GAAP income from continuing operations was $31.5 million or $0.10 per basic share compared to $49.5 million or $0.16 per basic share a year ago. For the nine months period, the company reported total net revenues of $3,103.0 million compared to $2,798.3 million a year ago. Operating earnings were $908.5 million compared to $806.3 million a year ago. Operating earnings from continuing operations before income taxes were $601.9 million compared to $524.1 million a year ago. GAAP income from continuing operations was $376.4 million or $1.19 per basic share compared to $337.9 million or $1.08 per basic share a year ago. Net cash flows from operating activities were $886.5 million compared to $1,078.6 million a year ago. Capital expenditures were $1,441.7 million compared to $1,297.3 million a year ago. The effective tax rate of net operating earnings was 36.6% compared to 34.1% for the same period last year. For the year 2014, the company expects to achieve earnings at the upper half of its full-year earnings outlook of $1.61 to $1.71 per share (non-GAAP).

 

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Industry Analysis

NI

Industry Average

Valuation NI Industry Range
Price/Earnings 24.8x
Price/Sales 2.1x
Price/Book 2.2x
Price/Cash Flow 11.7x
TEV/Sales 0.5x
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