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NiSource (NYSE:NI) 株価情報, 空売り情報

NiSource

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.

NiSource Inc

NIBE INDUSTRIER AB U/ADR by Nibe Industrier AB

NIBE Industrier AB

Niitaka Co Ltd

NIB HOLDINGS NC NSW by NIB Holdings Ltd, New Castle NSW

NIB Holdings Ltd

Nicolet Bankshares Inc

NICE Ltd - American Depositary Shares each representing one Ordinary Share

NICE Ltd

Nichias Corp

Nitches Inc

CLASS 1 NICKEL & TECH by Class 1 Nickel and Technologies Limited

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Surge Battery Metals Inc

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Nican Ltd

Nuveen Select Maturities Municipal Fund Common Stock

Nuveen Select Maturities Municipal Fund

Nimiq

NiSource Inc. (Holding Co.) 7.75% Corp Unit Ser A 12/01/2023

NON-INVASIVE MONITORG SYS by Non-Invasive Monitoring Systems, Inc.

Non-Invasive Monitoring Systems Inc

Nine Energy Service Inc

NAMI CORP by NAMI Corp.

Nikon Corp

Ninety One PLC

NIO Inc. American depositary shares, each representing one Class A ordinary share

NIO Inc

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Nippon Steel Corp

Nissui Corp

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NORITAKE CO by Noritake Co.

Hanna Capital Corp

N2OFF Inc

Niu Technologies - American Depositary Shares

Niu Technologies

NSI NV

NewGenIvf Group Limited - Class A Ordinary Shares

NewGenIvf Group Ltd

Research Affiliates Deletions ETF

Nixxy Inc

<p>Mizuho  analyst Gabriel Moreen   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Outperform and raises the price target from $38 to $40.</p>


News

Price Target

Analyst Ratings

Mizuho Maintains Outperform on NiSource, Raises Price Target to $40

<p>NiSource is reaffirming 2024 non-GAAP adjusted EPS guidance of $1.70-1.74. In 2025 non-GAAP adjusted EPS is expected to be in the range of $1.84-1.88. NiSource is extending its plan to 2029 with non-GAAP adjusted EPS growth expected to be 6-8% annually, driven by $19.3 billion 2025-2029 base plan capital expenditures and 8-10% 2025-2029 rate base growth. The new base capital expenditure plan is approximately $2.9 billion larger than the prior 5-year plan.</p>


Guidance

NiSource Is Reaffirming FY24 Adjusted EPS Guidance Of $1.70-$1.74 Vs. $1.73 Estimate; Sees FY25 Adjusted EPS In Range Of $1.84-$1.88 Vs. $1.85 Estimate

<p>NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.16 by 25 percent.</p>


Earnings

Earnings Beats

NiSource Q3 2024 Adj. EPS $0.20 Beats $0.16 Estimate

<p>Jefferies  analyst Julien Dumoulin-Smith   initiates coverage on NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Buy rating and announces Price Target of $39.</p>


Initiation

Jefferies Initiates Coverage On NiSource with Buy Rating, Announces Price Target of $39

<p>JP Morgan  analyst Richard Sunderland   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Overweight and raises the price target from $36 to $38.</p>


JP Morgan Maintains Overweight on NiSource, Raises Price Target to $38

<p>In the preceding three months, 6 analysts have released ratings for NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $36.33, a high estimate of $38.00, and a low estimate of $34.00. This upward trend is apparent, with the current average reflecting a 6.85% increase from the previous average price target of $34.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729526462_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive NiSource. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Ross Fowler</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$37.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$36.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Durgesh Chopra</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$32.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to NiSource. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of NiSource compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into NiSource's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NiSource analyst ratings.</strong></a></p>
<h2>All You Need to Know About NiSource</h2>
<p>NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.</p>
<h3>Breaking Down NiSource's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Challenges:</strong> NiSource's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately <strong>-0.49%</strong>. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Utilities sector.</p>
<p><strong>Net Margin:</strong> NiSource's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>7.91%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NiSource's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>1.09%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> NiSource's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>0.29%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>1.71</strong>.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


6 Analysts Have This To Say About NiSource

<p>NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $36.33, a high estimate of $38.00, and a low estimate of $34.00. This current average has increased by 6.85% from the previous average price target of $34.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729515621_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive NiSource. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$38.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Ross Fowler</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$37.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$36.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Durgesh Chopra</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$32.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to NiSource. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of NiSource compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for NiSource's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of NiSource's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NiSource analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind NiSource</h2>
<p>NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.</p>
<h3>Financial Insights: NiSource</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Negative Revenue Trend:</strong> Examining NiSource's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately <strong>-0.49%</strong> in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>7.91%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> NiSource's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>1.09%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.29%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>1.71</strong>, NiSource adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Unveiling 6 Analyst Insights On NiSource

<p>Barclays  analyst Nicholas Campanella   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Overweight and raises the price target from $35 to $38.</p>


Barclays Maintains Overweight on NiSource, Raises Price Target to $38

<p>Wells Fargo  analyst Sarah Akers   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Overweight and raises the price target from $35 to $38.</p>


Wells Fargo Maintains Overweight on NiSource, Raises Price Target to $38

<p><strong>NiSource's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) short percent of float has fallen 43.21% since its last report. The company recently reported that it has <strong>8.22 million shares sold short</strong>, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.04 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>NiSource Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728413118_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for NiSource has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing NiSource's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NiSource's peer group average for short interest as a percentage of float is 2.81%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Trading Ideas

(NI) - Analyzing NiSource's Short Interest

<p><strong>FirstEnergy Corporation</strong>&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) continuous capital investments to maintain and increase resiliency are likely to strengthen its infrastructure, which will help enhance its performance. Given its growth opportunities, FE makes for a solid investment option in the Utility sector.</p>
<p>Currently, the company carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.</p>
<h2>FE&#39;s Growth Projections &amp; Surprise History</h2>
<p>The Zacks Consensus Estimate for FE&#39;s 2024 earnings per share is pinned at $2.70, which indicates year-over-year growth of 5.5%.</p>
<p>The consensus estimate for 2024 sales is pinned at $13.78 billion, which indicates year-over-year growth of 7.1%.</p>
<p>The company&#39;s long-term (three to five years) earnings growth rate is 7%.</p>
<p>FE has a positive earnings surprise history. Its trailing four-quarter earnings surprise is 2.66%, on average.</p>
<h2>FE&#39;s Dividend Yield</h2>
<p>FirstEnergy has been rewarding its shareholders with dividend payments at regular intervals. The company&#39;s board of directors approved a new dividend policy in February 2023 that increased the target payout ratio to 60-70% from 55-65% previously. Its current dividend yield is 3.86%, better than the Zacks S&amp;P 500 composite&#39;s average yield of 1.24%.</p>
<h2>FE&#39;s Return on Equity</h2>
<p>FirstEnergy&#39;s current return on equity (ROE) is 12.12%, which is more than the industry average of 10.42%. ROE, a profitable measure, reflects how effectively a company is utilizing its shareholders&#39; funds in its operations to generate income.</p>
<h2>FE&#39;s Solvency</h2>
<p>The time-to-interest earned ratio at the end of the second quarter was 2.11. The ratio, being greater than one, reflects the company&#39;s ability to meet future interest obligations without difficulties.</p>
<h2>Strategic Investments of FirstEnergy</h2>
<p>FirstEnergy&#39;s strategic investment will help serve its 6 million customers more efficiently. The company&#39;s &quot;Energize365&quot; is a multi-year grid evolution platform that is focused on enhancing the customer experience while maintaining affordability.</p>
<p>With planned investments of $26 billion between 2024 and 2028, FE plans to install advanced equipment and technologies that will strengthen and modernize its transmission and distribution infrastructure. Strengthening the transmission and renewable generation assets will allow it to transmit electricity even during adverse weather conditions.</p>
<h2>FE Stock&#39;s Price Performance</h2>
<p>Shares of FirstEnergy have gained 23.4% in the year-to-date period compared with the industry&#39;s 22.7% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/04/80233.jpg?v=627393970" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>Some other top-ranked stocks in the industry are <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), <strong>IDACORP, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ida#NYSE">IDA</a>) and <strong>Edison International</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eix#NYSE">EIX</a>). Each of these stocks currently carries a Zacks Rank of 2.</p>
<p>NiSource delivered an average earnings surprise of 20.64% in the last four quarters. The Zacks Consensus Estimate for NI&#39;s 2025 sales indicates year-over-year growth of 12.1%.</p>
<p>IDACORP delivered an average earnings surprise of 10.35% in the last four quarters. The consensus estimate for IDA&#39;s 2024 sales indicates year-over-year growth of 3.8%.</p>
<p>Edison International delivered an average earnings surprise of 4.13% in the last four quarters. The Zacks Consensus Estimate for EIX&#39;s 2024 sales indicates year-over-year growth of 2.9%.</p>
<p><a href="https://www.zacks.com/stock/news/2345623/here-s-why-you-should-add-firstenergy-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2345623">To read this article on Zacks.com click here.</a></p>


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Markets

Here's Why You Should Add FirstEnergy Stock to Your Portfolio Now

<p>As of Oct. 2, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</strong></h3>
<ul>
<li>On Aug. 7, NiSource posted better-than-expected quarterly earnings. "During the second quarter NiSource placed the Cavalry Solar &amp; Storage project into service and reported strong earnings results, executing our investment plan and delivering consistent shareholder returns," said NiSource President and CEO, Lloyd Yates. The company's stock gained around 5% over the past month and has a <a href="https://www.benzinga.com/quote/NI">52-week high of</a> $35.10.</li>
<li><strong>RSI Value:</strong> 77.81&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>NI Price Action:</strong> Shares of NiSource gained 0.5% to close at $34.83 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Xcel Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>)</strong></h3>
<ul>
<li>On Sept. 30, Keybanc analyst Sophie Karp maintained Xcel Energy with an Overweight and raised the price target from $66 to $69.. The company's stock gained around 4% over the past month and<a href="https://www.benzinga.com/quote/XEL"> has a 52-week high</a> of $65.64.</li>
<li><strong>RSI Value:</strong> 74.71</li>
<li><strong>XEL Price Action:</strong> Shares of Xcel Energy fell 0.03% to close at $65.32 on Tuesday.</li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></strong></li>
</ul>


Top 2 Utilities Stocks That May Collapse In Q4

<p>As of Sept. 16, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pr</a>o. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</strong></h3>
<ul>
<li>On Aug. 7, NiSource posted better-than-expected quarterly earnings. &#8220;During the second quarter NiSource placed the Cavalry Solar &amp; Storage project into service and reported strong earnings results, executing our investment plan and delivering consistent shareholder returns,&#8221; said NiSource President and CEO, Lloyd Yates. The company's stock gained around 7% over the past month and has a 52-week high of $34.14.</li>
<li><strong>RSI Value:</strong> 82.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>NI Price Action:</strong> Shares of NiSource gained 1.3% to close at $34.06 on Friday.</li>
</ul>
<h3 class="wp-block-heading"><strong>PPL Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>)</strong></h3>
<ul>
<li>On Sept. 12, PPL finalized award for up to $72 million in federal funding from U.S. Department of Energy&#8217;s Office of Clean Energy Demonstrations. The company's stock gained around 4% over the past month and <a href="https://www.benzinga.com/quote/PPL">has a 52-week high</a> of $32.54.</li>
<li><strong>RSI Value:</strong> 70.90</li>
<li><strong>PPL Price Action:</strong> Shares of PPL gained 1.6% to close at $32.46 on Friday.</li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></strong></li>
</ul>


Pre-Market Outlook

Top 2 Utilities Stocks That May Implode In Q3

<p><strong>BofA Securities</strong> analyst Ross Fowler&nbsp;reinstated the Buy rating at <strong>NiSource Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/ni/analyst-ratings" rel="noreferrer noopener">price target of $37</a> and the Neutral rating at <strong>CenterPoint Energy, Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/cnp/analyst-ratings" rel="noreferrer noopener">price target of $29.</a></p>
<p><strong>NI</strong>: The analyst writes that NiSource has demonstrated strong regulatory and financial execution over the past 24 months and is gaining a reputation for consistency and financial prudence.</p>
<p>The new senior management team has proven effective, delivering results at the high end of expectations in various conditions, adds the analyst.</p>
<p><strong>Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39587521/pete-buttigieg-hurricane-beryl-is-proving-to-be-a-highly-destructive-storm" rel="noreferrer noopener">Pete Buttigieg: &#8216;Hurricane Beryl Is Proving To Be A Highly Destructive Storm&#8217;</a></strong></p>
<p>Fowler expects capital upside from data centers, anticipated updates, and multiple expansions from ongoing rate case resolutions, along with a robust balance sheet to drive continued outperformance.</p>
<p>The analyst forecasts EPS of $1.72, $1.85, and $2.01 for FY24, FY25, and FY26 vs. consensus of $1.73, $1.85, and $1.98, respectively.</p>
<p><strong>CNP</strong>: The analyst says that CenterPoint is navigating political and regulatory challenges following its response to Hurricane Beryl.</p>
<p><strong>Read: <a target="_blank" href="https://www.benzinga.com/top-stories/24/07/39668096/hurricane-beryl-expected-to-weaken-to-tropical-storm-as-it-hits-texas" rel="noreferrer noopener">Hurricane Beryl Expected To Weaken To Tropical Storm As It Hits Texas</a></strong></p>
<p>While the direct financial impact is likely manageable due to Texas storm recovery mechanisms, ongoing investigations and a pending general rate case suggest near-term multiple recovery unlikely, adds the analyst.</p>
<p>Fowler projects EPS of $1.64, $1.74, and $1.85 for FY24, FY25, and FY26, compared to consensus of $1.62, $1.73, and $1.86, respectively.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/09/40838076/hurricane-disrupts-ups-deliveries-in-southern-us-details" target="_blank" rel="noreferrer noopener">Hurricane Disrupts UPS Deliveries In Southern US: Details</a></strong></li>
</ul>


Analyst Color

Equities

NiSource Set For Outperformance But CenterPoint Energy Faces Regulatory Hurdles, Says BofA Analyst

<p>B of A Securities  analyst Ross Fowler   reinstates NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Buy and announces $37 price target.</p>


B of A Securities Reinstates Buy on NiSource, Announces $37 Price Target

<p>7 analysts have shared their evaluations of NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $33.57, with a high estimate of $36.00 and a low estimate of $31.00. This upward trend is apparent, with the current average reflecting a 4.35% increase from the previous average price target of $32.17.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726146051_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive NiSource. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$36.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$35.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Durgesh Chopra</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$32.00</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$32.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$33.00</td>
<td>-</td>
</tr>
<tr>
<td>James Thalacker</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$31.00</td>
<td>$31.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to NiSource. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of NiSource compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of NiSource's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into NiSource's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/NI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on NiSource analyst ratings.</strong></a></p>
<h2>Delving into NiSource's Background</h2>
<p>NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.</p>
<h3>A Deep Dive into NiSource's Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, NiSource faced challenges, resulting in a decline of approximately <strong>-0.49%</strong> in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.</p>
<p><strong>Net Margin:</strong> NiSource's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>7.91%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> NiSource's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>1.09%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.29%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>1.71</strong>, NiSource adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Verdict: NiSource In The Eyes Of 7 Experts

<p>BMO Capital  analyst James Thalacker   maintains NiSource (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>) with a Outperform and raises the price target from $34 to $36.</p>


BMO Capital Maintains Outperform on NiSource, Raises Price Target to $36

<p><strong>American Electric Power Company, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aep#NASDAQ">AEP</a>) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.</p>
<p>However, this Zacks Rank #3 (Hold) company faces risks like rising interest rates and an unfavorable financial position, which act as a headwind.</p>
<h2>AEP&#39;s Tailwinds</h2>
<p>American Electric has a capital investment plan of $43 billion for the 2024-2028 period in its core regulated operations, contracted renewables and wires. This should boost AEP&#39;s customer reliability. The company expects this systematic investment to support it in achieving long-term earnings growth of 6-7%.</p>
<p>Moreover, American Electric intends to invest roughly $27.3 billion in its transmission and distribution operations between 2024 and 2028 to build a more efficient grid and provide consumers with customized energy solutions.</p>
<p>In the clean energy space, as of June 30, 2024, AEP has regulatory nods from several state regulatory commissions to purchase 2,811 megawatts of owned renewable generation facilities for a total estimated cost of $6.6 billion. It plans to invest $9.4 billion in controlled renewable expansion between 2024 and 2028. This should further boost its renewable generation portfolio in the years to come.</p>
<h2>Headwinds Faced by AEP</h2>
<p>Since utility firms like American Electric Power finance their operations through both short and long-term borrowings, the increased interest rate environment in the United States remains a headwind for AEP in the form of higher interest expenses. In the second quarter of 2024, the company&#39;s interest expenditure increased by 1.2% year over year. If American Electric continues to face such escalating interest costs, it might adversely affect its financial situation in the near future.</p>
<p>As of June 30, 2024, American Electric had $40 billion in long-term debt, while its cash equivalents totaled $0.47 billion. As of the same date, its current debt was $3.75 billion. As both AEP&#39;s current and long-term debt levels remained far greater than its cash reserve, the company seems to have a weak position with respect to its solvency.</p>
<h2>AEP Stock Price Movement</h2>
<p>In the past three months, shares of AEP have risen 11.8% compared with the industry&#39;s growth of 3.6%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dc/75929.jpg?v=1237332659" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the same industry are<strong> DTE Energy Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>The AES Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) and <strong>NiSource Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>DTE Energy&#39;s long-term (three to five years) earnings growth rate is 8.1%. The company delivered an average earnings surprise of 0.77% in the last four quarters.</p>
<p>AES delivered an average earnings surprise of 19.18% in the last four quarters. The Zacks Consensus Estimate for AES&#39; 2024 sales suggests an improvement of 3.6% from the prior-year reported figure.</p>
<p>NiSource&#39;s long-term earnings growth rate is 6%. The company delivered an average earnings surprise of 20.64% in the last four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2328992/aep-stock-rides-on-investments-despite-high-interest-rates?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2328992">To read this article on Zacks.com click here.</a></p>


AEP Stock Rides on Investments Despite High Interest Rates

<p><strong>Public Service Enterprise Group, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/peg#NYSE">PEG</a>) or PSEG&#39;s focus on renewable generation expansion is likely to bolster its footprint in the clean energy market. To enhance customer reliability, the company makes consistent investments in its infrastructure, strengthening its transmission and distribution system&#39;s resilience.</p>
<p>However, this Zacks Rank #3 (Hold) company faces risks like an unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which acts as a headwind.</p>
<h2>PEG&#39;s Tailwinds</h2>
<p>PSEG has a capital investment plan of $18-$21 billion for 2024-2028 to constantly upgrade its infrastructure and expand its renewable generation portfolio. Its solid capital investment plan is estimated to bring in compounded annual rate base growth of 6-7.5% between 2024 and 2028.</p>
<p>In the clean energy space, the company is investing significantly in solar initiatives in utility-owned solar photovoltaic (PV) grid-connected systems. As of Dec. 31, 2023, the PSE&amp;G segment owned 158 MW DC of installed PV solar capacity throughout New Jersey.</p>
<p>PSEG is also expanding its footprint in the wind energy market. It is essential to note that the company has been granted various onshore transmission contracts by the New Jersey Board of Public Utilities to link customers with the offshore wind farms that are currently under development.</p>
<h2>Headwinds Faced by PSEG</h2>
<p>PSEG&#39;s segment, PSE&amp;G, has been collaborating with the New Jersey Department of Environmental Protection to assess and remediate environmental conditions at its former MGP sites. As of June 30, 2024, 38 sites require remedial action, and PSE&amp;G estimates costs of $196-$215 million to complete all sites. Such an expenditure might hurt PSEG&#39;s operating results.</p>
<p>As of June 30, 2024, the company owed $18.42 billion in long-term debt. Its cash balance of $0.11 billion at the end of the second quarter fell short of its long-term debt levels and the current debt value of $2.98 billion. This shows that PSEG has a weak solvency position.</p>
<h2>PEG Stock Price Movement</h2>
<p>In the past six months, shares of PEG have risen 28.7% compared with the industry&#39;s growth of 20.8%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/75670.jpg?v=354682259" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the same industry are <strong>DTE Energy Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>The AES Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) and <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>DTE Energy&#39;s long-term (three to five years) earnings growth rate is 8.1%. The company delivered an average earnings surprise of 0.77% in the last four quarters.</p>
<p>AES delivered an average earnings surprise of 19.18% in the last four quarters. The Zacks Consensus Estimate for AES&#39; 2024 sales suggests an improvement of 3.6% from the prior-year reported figure.</p>
<p>NiSource&#39;s long-term earnings growth rate is 6%. The company delivered an average earnings surprise of 20.64% in the last four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2328140/pseg-stock-rides-on-investments-despite-weak-financial-position?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2328140">To read this article on Zacks.com click here.</a></p>


PSEG Stock Rides on Investments Despite Weak Financial Position

<p><strong>The AES Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aes#NYSE">AES</a>) is a global energy company. Its strategic investments to expand its clean energy generation capacity and construction of new generation, transmission and distribution projects are likely to boost its performance. Given its growth opportunities, AES makes for a solid investment option in the Utility sector.</p>
<p>The company currently carries a Zacks Rank #2 (Buy). Let&#39;s look at the factors that are driving the stock.</p>
<h2>Growth Projections &amp; Surprise History of AES</h2>
<p>The Zacks Consensus Estimate for 2024 and 2025 earnings per share is pegged at $1.91 and $2.08, respectively, which indicates year-over-year growth of 8.5% and 8.8%.</p>
<p>The consensus estimate for 2024 and 2025 sales is pegged at $13.32 billion and $13.77 billion, respectively, which indicates year-over-year growth of 5.1% and 3.4%.</p>
<p>AES delivered an average earnings surprise of 19.18% in the past four quarters.</p>
<h2>AES Stock&#39;s Dividend Yield</h2>
<p>AES distributes dividends to shareholders on a regular basis. Its current dividend yield is 3.82%, which is better than the industry&#39;s average of 3.44%.</p>
<h2>AES&#39; Return on Equity</h2>
<p>AES&#39; current return on equity (ROE) is pinned at 32.74%, which is more than the industry average of 10.34%. ROE, a profitable measure, reflects how effectively a company is utilizing its shareholders&#39; funds in its operations to generate income.</p>
<h2>AES&#39; Investments</h2>
<p>AES is one of the forerunners in the utility industry&#39;s transition to clean energy by investing in sustainable growth and innovative solutions. Notably, the company completed the construction and the acquisition of 976 megawatts of wind, solar and energy storage, during the second quarter of 2024. It signed long-term contracts for 1 gigawatt (GW) of new renewables.</p>
<p>AES signed agreements to support 1.2 GW of new data center load at U.S utilities. It also signed 15-year power purchase agreements for 727 MW of wind and solar energy to serve data center growth in Texas and a 310 MW retail supply agreement to support data centers throughout Ohio.</p>
<p>This should help the company to duly add 3.6 GW of new renewable projects to its portfolio in 2024 and 14-17 GW of renewable energy capacity to its project portfolio during the 2023-2025 time period.</p>
<h2>AES Stock Performance</h2>
<p>Shares of AES have gained 22% in the past six months compared with the sector&#39;s 18.3% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a5/75393.jpg?v=956434569" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>Some other top-ranked stocks in the industry are <strong>American Electric Power Company, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aep#NASDAQ">AEP</a>), <strong>PPL Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppl#NYSE">PPL</a>) and <strong>NiSource Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ni#NYSE">NI</a>). Each of these stocks currently carries a Zacks Rank of 2.</p>
<p>American Electric Power&#39;s long-term (three to five years) earnings growth rate is 6.20%. The Zacks Consensus Estimate for 2024 sales indicates year-over-year growth of 5.7%.</p>
<p>PPL Corporation&#39;s long-term earnings growth rate is 6.80%. The consensus estimate for 2024 earnings indicates year-over-year growth of 7.5%.</p>
<p>NiSource delivered an average earnings surprise of 20.64% in the last four quarters. The Zacks Consensus Estimate for 2024 earnings indicates year-over-year growth of 7.5%.</p>
<p><a href="https://www.zacks.com/stock/news/2327144/here-s-why-you-should-add-aes-to-your-portfolio-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327144">To read this article on Zacks.com click here.</a></p>


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