We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NextEra Energy, Inc. (NEE) - $25 value - yours FREE >>
NiSource, Inc (NI) - $25 value - yours FREE >>
DTE Energy Company (DTE) - $25 value - yours FREE >>
American Electric Power Company, Inc. (AEP) - $25 value - yours FREE >>
Image: Bigstock
NiSource's (NI) Q2 Earnings Miss Estimates, Decline Y/Y
NiSource Inc (NI - Free Report) reported second-quarter 2018 operating earnings of 7 cents per share, missing the Zacks Consensus Estimate of 9 cents by 22.2%. Earnings declined 30% from the year-ago quarter’s tally.
Highlights of the Release
NiSource is on track to invest $1.7-$1.8 billion in its utility infrastructure capital programs in 2018.
On Apr 25, 2018, the Public Utilities Commission of Ohio (PUCO) approved Columbia Gas of Ohio's (COH) annual Infrastructure Replacement Program tracker adjustment. Cost recovery of nearly $207 million of infrastructure investments made in 2017 began from the May billing cycle.
NIPSCO's two major electric transmission projects — Greentown-Reynolds and Reynolds-Topeka — were completed and placed into service in June 2018.
NiSource, Inc Price, Consensus and EPS Surprise
NiSource, Inc Price, Consensus and EPS Surprise | NiSource, Inc Quote
Zacks Rank
NiSource carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Utility Releases
DTE Energy (DTE - Free Report) reported second-quarter 2018 operating earnings per share of $1.36, which outpaced the Zacks Consensus Estimate of $1.11 by 22.5%.
American Electric Power (AEP - Free Report) reported second-quarter 2018 adjusted earnings per share (EPS) of $1.01, beating the Zacks Consensus Estimate of 88 cents by 14.8%.
NextEra Energy (NEE - Free Report) reported second-quarter 2018 adjusted earnings of $2.11 per share, beating the Zacks Consensus Estimate of $2.07 by 1.93%
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>