The price-to-earnings ratio for NiSource Inc (NYSE: NI) is above average at 23.06x, Company’s 36-month beta value is 0.53.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for NI is 465.65M, and currently, short sellers hold a 1.41% ratio of that floaft. The average trading volume of NI on November 26, 2024 was 3.61M shares.
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NI) stock’s latest price update
The stock of NiSource Inc (NYSE: NI) has increased by 0.64 when compared to last closing price of 37.71. Despite this, the company has experienced a 3.10% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-22 that NiSource has outperformed expectations, gaining 45% in a year, driven by optimism around data center demand and strong financial performance. The company’s robust $19.3 billion capex plan aims to grow its rate base by 8-10% and EPS by 6-8% through 2029. NiSource’s strategic equity issuance and strong balance sheet minimize dilution, enhancing long-term returns, potentially reaching 11.5% with data center growth.
NI’s Market Performance
NiSource Inc (NI) has seen a 3.10% rise in stock performance for the week, with a 8.99% gain in the past month and a 15.98% surge in the past quarter. The volatility ratio for the week is 1.46%, and the volatility levels for the past 30 days are at 1.72% for NI. The simple moving average for the past 20 days is 5.26% for NI’s stock, with a 24.29% simple moving average for the past 200 days.
Analysts’ Opinion of NI
Many brokerage firms have already submitted their reports for NI stocks, with BofA Securities repeating the rating for NI by listing it as a “Buy.” The predicted price for NI in the upcoming period, according to BofA Securities is $37 based on the research report published on September 12, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see NI reach a price target of $33. The rating they have provided for NI stocks is “Outperform” according to the report published on July 11th, 2024.
Barclays gave a rating of “Overweight” to NI, setting the target price at $28 in the report published on January 22nd of the current year.
NI Trading at 8.07% 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 -0.32% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +8.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.38% upper at present.
During the last 5 trading sessions, NI rose by +3.10%, which changed the moving average for the period of 200-days by +50.30% in comparison to the 20-day moving average, which settled at $36.05. In addition, NiSource Inc saw 42.94% 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 Anderson Shawn, who sale 6,730 shares at the price of $32.24 back on Aug 21 ’24. After this action, Anderson Shawn now owns 165,281 shares of NiSource Inc, valued at $216,975 using the latest closing price.
Jefferson William Jr., the EVP, Chief Op & Safety Officer of NiSource Inc, sale 4,364 shares at $32.07 during a trade that took place back on Aug 19 ’24, which means that Jefferson William Jr. is holding 33,129 shares at $139,953 based on the most recent closing price.
Stock Fundamentals for NI
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.53 for the gross margin
The net margin for NiSource Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 9.93, with 2.63 for asset returns.
Based on NiSource Inc (NI), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 2.21 billion with net debt to EBITDA at 5.48. When we switch over and look at the enterprise to sales, we see a ratio of 5.9. The receivables turnover for the company is 8.9for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.46.
Conclusion
In a nutshell, NiSource Inc (NI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
