The stock price of NiSource Inc (NYSE: NI) has plunged by -0.66 when compared to previous closing price of 27.15, but the company has seen a 0.48% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-25 that Investors interested in stocks from the Utility – Electric Power sector have probably already heard of NiSource (NI) and WEC Energy Group (WEC). But which of these two stocks is more attractive to value investors?
Is It Worth Investing in NiSource Inc (NYSE: NI) Right Now?
NiSource Inc (NYSE: NI) has a higher price-to-earnings ratio of 18.25x compared to its average ratio, The 36-month beta value for NI is at 0.48. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for NI is 444.91M, and currently, shorts hold a 1.27% of that float. The average trading volume for NI on March 27, 2024 was 4.28M shares.
NI’s Market Performance
NI stock saw an increase of 0.48% in the past week, with a monthly gain of 4.90% and a quarterly increase of 2.74%. The volatility ratio for the week is 1.21%, and the volatility levels for the last 30 days are 1.47% for NiSource Inc (NI). The simple moving average for the past 20 days is 1.16% for NI’s stock, with a 2.19% simple moving average for the past 200 days.
Analysts’ Opinion of NI
Many brokerage firms have already submitted their reports for NI stocks, with Barclays repeating the rating for NI by listing it as a “Overweight.” The predicted price for NI in the upcoming period, according to Barclays is $28 based on the research report published on January 22, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see NI reach a price target of $25. The rating they have provided for NI stocks is “Buy” according to the report published on October 06th, 2023.
UBS gave a rating of “Buy” to NI, setting the target price at $31 in the report published on June 06th of the previous year.
NI Trading at 3.30% from the 50-Day Moving Average
After a stumble in the market that brought NI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.84% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares surge +3.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.86% upper at present.
During the last 5 trading sessions, NI rose by +0.48%, which changed the moving average for the period of 200-days by -1.32% in comparison to the 20-day moving average, which settled at $26.71. In addition, NiSource Inc saw 1.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NI starting from Gode Gunnar, who sale 950 shares at the price of $26.46 back on Mar 15 ’24. After this action, Gode Gunnar now owns 28,526 shares of NiSource Inc, valued at $25,133 using the latest closing price.
Brown Donald Eugene, the EVP & Chief Innovation Officer of NiSource Inc, sale 37,490 shares at $26.78 during a trade that took place back on Mar 06 ’24, which means that Brown Donald Eugene is holding 195,855 shares at $1,003,982 based on the most recent closing price.
Stock Fundamentals for NI
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.45 for the gross margin
The net margin for NiSource Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 9.01, with 2.40 for asset returns.
Based on NiSource Inc (NI), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.71. The interest coverage ratio of the stock is 2.58.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at 5.36. When we switch over and look at the enterprise to sales, we see a ratio of 4.35. The receivables turnover for the company is 5.93for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, NiSource Inc (NI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
