NiSource Inc. (NYSE:NI) finished Wednesday with an addition of $0.15 to close at $26.52, an upside of 0.57 percent. An average of 2,368,080 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,447,610 shares traded, while the 50-day average volume stands at 3,726,198.
NI stock has decreased by -5.69% in the last month. The company shares reached their 1-month lowest point of $26.07 on 08/15/23. With the stock rallying to its 52-week high on 05/10/23, shares of the company touched a low of $23.78 and a high of $31.32 in 52 weeks. It has reached a new high 9 times so far this year and lost -3.28% or -$0.90 in price. In spite of this, the price is down -15.33% from the 52-week high.
Insider Transactions
NI stock investors should be aware that NiSource Inc. (NI) stock had its last reported insider trading activity 16 days ago on Aug 08. In this transaction, the insider spent $372,960. EVP & President NI Utilities, Birmingham Melody, disposed of 5,385 shares at a price of $26.57 on Aug 08. The insider now owns more than $143,053 worth of shares. Prior to that, EVP Operations & CSO Jefferson William Jr. went on to Sale 4,875 shares at $26.80 each on Aug 04. An amount of $130,650 was transacted.
Valuation Metrics
NiSource Inc. (NI) has a trailing price-to-earnings (P/E) ratio of 18.39. The stock’s beta is 0.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.86, the price-to-book (PB) ratio at 1.80.
The company has a payout ratio of 62.10%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Thursday January 26 2023.
Financial Health
The quick ratio of NiSource Inc. for the recent quarter was 0.30, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.81 and a total debt to equity ratio of 2.08 for the recent quarter. NiSource Inc.’s EBITDA margin is 33.88%, while its operating margin for the same period stands at 20.90%. Its gross profit as reported stood at $1.27 billion compared to revenue of $5.85 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 2.40%.
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 23 August was 44.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.53%.
As of today, NI’s price is $26.37 +1.14% or $0.30 from its 5-day moving average. NI is currently trading -6.72% lower than its 20-day SMA and -4.74% lower than its 100-day SMA. However, the stock’s current price level is -2.21% below the SMA50 and +3.35% above the SMA200.
The stochastic %K and %D were 24.01% and 17.83%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 41.10% and the average true range at 0.41, the RSI (14) stands at 43.21%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.
Analyst Ratings
UBS upgraded NiSource Inc. (NYSE: NI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for NiSource Inc. (NI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 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 $30.00 and $33.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for NiSource Inc. (NI) stock is $30.89.
