The stock of NiSource Inc. (NYSE:NI) increased by $0.08 on Monday to $26.66, up 0.28 percent. The last five days have seen an average of 1,664,472 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.77. The average number of shares traded over the last 20 days was 2,994,893, while the average volume over the last 50 days totaled 3,640,181.
NI stock dropped -3.95% since last month. On 08/15/23, the company’s shares reached a one-month low of $26.07. The stock touched a high of $30.83 on 05/10/23, after rallying from a low of $23.78 in 52 weeks. The price of NI stock has declined by -2.79% or -$0.77 this year, reaching a new high 9 times. Still, the stock price is down -13.54% from the 52-week high.
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Insider Transactions
NI stock investors should be aware that NiSource Inc. (NI) stock had its last reported insider trading activity 5 days ago on Aug 23. On Aug 23, Director and President & CEO Yates Lloyd M acquired 40,000 shares at $26.44 each. This transaction resulted in the insider spending $1,057,600. On Aug 08, Brown Donald Eugene sold 14,000 shares at a price of US$26.64. After the transaction, the insider now owns 187,278 shares. EVP & President NI Utilities Birmingham Melody had earlier sold 5,385 shares on Aug 08 for $26.57 a share. The transaction was completed for $143,053.
Valuation Metrics
NiSource Inc. (NI) has a trailing price-to-earnings (P/E) ratio of 18.48. Beta for the stock is 0.47. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.87, the price-to-book (PB) ratio of 1.81.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the three months ended June 29, NiSource Inc.’s quick ratio was 0.30, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.81, and the total debt to equity ratio is 2.08. As far as profitability goes, gross margin for the trailing twelve months is 65.20% percent. NiSource Inc.’s EBITDA margin for the year ended June 29 was 33.88%, whereas its operating margin stood at 20.90% for the same period. Based on annual data, it had gross profit of $1.27 billion and revenue of $5.85 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NI’s return on assets (ROA) during the last 12 months has been 2.40%. There was a 6.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.80%.
Earnings Surprise
According to NiSource Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that NiSource Inc.’s quarterly earnings would be $0.11, but it ended up being $0.11. EBITDA was $402.0 million for the quarter. At the end of NiSource Inc.’s most recent quarter ended June 29, its liabilities totaled 19.77 billion, while its total debt was $12.62 billion. Equity owned by shareholders amounts to $413.25 million.
Technical Picture
Here’s a quick look at NiSource Inc.’s (NI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 50.05%, suggesting the stock is Neutral, with a 8.21% historical volatility rate.
The stochastic %K and %D were 40.94% and 35.15% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 52.51%, the RSI (14) reading is 46.67%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.03.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on NiSource Inc. (NYSE: NI) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned NiSource Inc. (NI) an Buy rating. NI is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is NI’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $33.00, with a median target price of $31.00. In analyzing these forecasts, the average price target given by analysts for NiSource Inc. (NI) is $30.89.
