What You Need To Know About NiSource Inc. (NI)

NiSource Inc. (NYSE:NI) finished Thursday with a subtraction of -$0.09 to close at $24.56, a downside of -0.37 percent. An average of 4,263,880 shares of common stock have been traded in the last five days. There was a gain of $0.33 in the past week. The last 20 days have seen an average of 3,982,845 shares traded, while the 50-day average volume stands at 3,401,350.

NI stock has decreased by -2.15% in the last month. The company shares reached their 1-month lowest point of $23.65 on 09/28/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $21.09 and a high of $26.60 in 52 weeks. In spite of this, the price is down -7.67% from the 52-week high.


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Insider Transactions

49 days have passed since NiSource Inc. (NI) last reported insider trading activity. Brown Donald Eugene, who is EVP, CFO and Pres Corp Svcs, most recently acquired $19,762 shares at $25.68 per share on Aug 20. In this transaction, the insider spent $507,488. EVP, COO & President Utilities, Vegas Pablo, disposed of 5,384 shares at a price of $24.54 on Jul 01. The insider now owns more than $132,123 worth of shares. Prior to that, Director Jesanis Michael E went on to Sale 4,000 shares at $25.56 each on May 28. An amount of $102,225 was transacted.

Valuation Metrics

NiSource Inc. (NI) has a trailing price-to-earnings (P/E) ratio of 47.05, which compares with the 17.20 for the broader industry and 23.35 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, NiSource Inc.’s PE ratio has ranged between 101.87 and 21.17. The stock’s beta is 0.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.07, the price-to-book (PB) ratio at 2.01, and the price-to-cash flow ratio at 15.13.

NiSource Inc. pays a $0.88 dividend per share annually. It offers a dividend yield of 3.58%. The company has a payout ratio of 161.60%. The company’s most recent quarterly dividend payment was $0.22 a share, without any change from last year. Its dividend has been increased for the last 5 consecutive years with the latest increase dividend $0.01 reported on Wednesday January 27 2021. Dividends have grown by 20.00% each year over the last three years.

NiSource Inc. will next go ex-dividend on 28-Oct-2021. The next dividend payment NiSource Inc. will make is expected to be $0.22.

The quick ratio of NiSource Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.92 and a total debt to equity ratio of 1.92 For the recent quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 74.90% against a 5-year average of 35.9%. NiSource Inc.’s EBITDA margin for the year ending June 29 is 36.04%, while its operating margin for the same period stands at 13.80%. Its gross profit as reported stood at $550.8 million compared to revenue of $4.68 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NiSource Inc.’s return on assets was 1.00%, compared to 0.7% over the last five years. In the past year, the return on investment has been 2.20%, and the 5-year average is 2.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been 4.40% and the 5-year average holds at 3.0%. For the broader industry, ROE averaged 9.87 over the past year.

Earnings Surprise

The analyst consensus anticipated NiSource Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.13, a 0.00% surprise. For the recent quarter, EBITDA amounted to $328.5 million. Shareholders own equity worth $392.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NiSource Inc. (NI) price momentum. RSI 9-day as of the close on 07 October was 57.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.58%.

As of today, NI’s price is $24.50 +1.36% or $0.33 from its 5-day moving average. NI is currently trading -1.92% lower than its 20-day SMA and -3.50% lower than its 100-day SMA. However, the stock’s current price level is -3.69% below the SMA50 and +14.07% above the SMA200.

The stochastic %K and %D were 79.41% and 77.22%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 77.12% and the average true range at 0.42, the RSI (14) stands at 52.18%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at 0.34.

Analyst Ratings

Evercore ISI downgraded NiSource Inc. (NYSE: NI) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for NiSource Inc. (NI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NI, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

What is NI’s price target for the next 12 months?

Analysts predict a range of price targets between $27.00 and $30.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for NiSource Inc. (NI) stock is $28.18.

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