The Director Of NiSource Inc. (NI) Purchased 19,762 Shares

As of Friday close, NiSource Inc.’s (NYSE:NI) stock was up $0.71, moving up 2.40 percent to $30.32. The average number of shares traded per day over the past five days has been 5,130,580 shares. 4 times new highs have been achieved over the past 5 days, with a $0.83 gain in that time frame. In the last twenty days, the average volume was 5,472,020, while in the previous 50 days, it was 4,557,852.

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Since last month, NI stock retreated -4.29%. Shares of the company fell to $28.37 on 05/02/22, the lowest level in the past month. A 52-week high of $32.58 was reached on 04/06/22 after having rallying from a 52-week low of $23.65. Since the beginning of this year, NI’s stock price has risen by 9.82% or $2.71, and marked a new high 22 times. However, the stock has declined by -6.95% since its 52-week high.

NiSource Inc. (NI) last reported insider trading activity 267 days ago on Aug 20. Brown Donald Eugene, the EVP, CFO and Pres Corp Svcs of the company, disposed of 19,762 shares for $25.68 on Aug 20. It resulted in a $507,488 divestment by the insider. Vegas Pablo sold 5,384 shares at an average price of $24.54 on Jul 01. The insider now owns 101,224 shares following the transaction. On May 28, Director Jesanis Michael E sold 4,000 shares at $25.56 apiece. The transaction was valued at $102,225.

Valuation Metrics

Right now, NiSource Inc. (NI) has a P/E ratio of about 19.93. The stock’s beta is 0.36. Besides these, the trailing price-to-sales (P/S) ratio of 2.34, the price-to-book (PB) ratio of 2.18, and the price-to-cash flow ratio of 27.13 may also be considered.

The latest dividend of $0.2350 per share was paid out, remained unchanged from last year’s $0.2350. On Wednesday January 26 2022, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended September 29, NiSource Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.62, and the total debt-to-equity ratio was 1.73. On the profitability front, the trailing twelve-month gross margin is 69.00% percent. In the year ended September 29, operating margins totaled 22.50%. Based on annual data, NI earned $1.01 billion in gross profit and brought in $4.9 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.80%. Return on equity (ROE) for the past 12 months was 12.80%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected NiSource Inc. to report $0.09 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated $793.0 million in EBITDA. The liabilities of NiSource Inc. were 16.83 billion at the end of its most recent quarter ended September 29, and its total debt was $9.8 billion. The value of shareholders’ equity is $405.8 million.

Technical Picture

This quick technical analysis looks at NiSource Inc.’s (NI) price momentum. With a historical volatility rate of 17.98%, the RSI 9-day stood at 57.22% on 13 May.

With respect to its five-day moving average, the current NiSource Inc. price is up by +2.81% percent or $0.83. At present, NI shares trade -4.50% below its 20-day simple moving average and +12.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.19% above its SMA50 and +20.32% above its SMA200.

Stochastic coefficient K was 56.00% and Stochastic coefficient D was 42.00%, while ATR was 0.71. Given the Stochastic reading of 76.47% for the 14-day period, the RSI (14) reading has been calculated as 52.07%. As of today, the MACD Oscillator reading stands at 0.33, while the 14-day reading stands at 0.29.

Analyst Ratings

Credit Suisse launched its rating on NiSource Inc. (NYSE: NI) to a Neutral in a note to investors on April 26, 2022. NiSource Inc. (NI) has been rated Overweight by analysts. According to 0 brokerage firms, NI is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate NiSource Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $32.50, the current consensus forecast for the stock is $30.00 – $35.00. Based on these forecasts, analysts predict NiSource Inc. (NI) will achieve an average price target of $32.42.


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