NiSource Inc. [NYSE: NI] traded at a low on 04/13/21, posting a -0.97 loss after which it closed the day’ session at $24.51. The company report on April 13, 2021 that NIPSCO and Capital Dynamics Sign 200-Megawatt Solar Energy Build Transfer Agreement.
Agreement furthers NIPSCO’s electric generation transition bringing more affordable, clean and reliable energy to customers.
Northern Indiana Public Service Company, LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), and the Clean Energy Infrastructure (CEI) business of Capital Dynamics, an independent global private asset management firm, announced that they have signed a build transfer agreement (BTA) to bring 200 megawatts (MW) of solar energy to Indiana with the Elliot Solar project.
The results of the trading session contributed to over 16842217 shares changing hands. Over the past one week, the price volatility of NiSource Inc. stands at 2.04% while the volatility over the past one month is 2.26%.
The market cap for NI stock reached $9.58 billion, with 386.70 million shares outstanding and 381.71 million shares in the current float. Compared to the average trading volume of 3.76M shares, NI reached a trading volume of 16842217 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about NiSource Inc. [NI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NI shares is $25.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NI stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for NiSource Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 22, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $27 to $25. The new note on the price target was released on January 29, 2021, representing the official price target for NiSource Inc. stock. Previously, the target price had yet another raise from $25 to $29, while Barclays kept a Overweight rating on NI stock.
The Average True Range (ATR) for NiSource Inc. is set at 0.51, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 0.30. Price to Free Cash Flow for NI in the course of the last twelve months was 14.87 with Quick ratio for the last quarter at 0.60.
How has NI stock performed recently?
NiSource Inc. [NI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.04. With this latest performance, NI shares gained by 8.69% in over the last four-week period, additionally plugging by 8.98% over the last 6 months – not to mention a drop of -4.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NI stock in for the last two-week period is set at 64.04, with the RSI for the last a single of trading hit 63.25, and the three-weeks RSI is set at 62.29 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 23.02, while it was recorded at 24.65 for the last single week of trading, and 23.11 for the last 200 days.
NiSource Inc. [NI]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and NiSource Inc. [NI] shares currently have an operating margin of +20.54 and a Gross Margin at +60.80. NiSource Inc.’s Net Margin is presently recorded at -0.38.
Return on Total Capital for NI is now 6.14, given the latest momentum, and Return on Invested Capital for the company is -0.12. Return on Equity for this stock declined to -0.30, with Return on Assets sitting at -0.07. When it comes to the capital structure of this company, NiSource Inc. [NI] has a Total Debt to Total Equity ratio set at 170.13. Additionally, NI Total Debt to Total Capital is recorded at 62.98, with Total Debt to Total Assets ending up at 42.11. Long-Term Debt to Equity for the company is recorded at 189.85, with the Long-Term Debt to Total Capital now at 59.53.
Reflecting on the efficiency of the workforce at the company, NiSource Inc. [NI] managed to generate an average of -$2,382 per employee. Receivables Turnover for the company is 5.41 with a Total Asset Turnover recorded at a value of 0.20.NiSource Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.
Earnings analysis for NiSource Inc. [NI]
With the latest financial reports released by the company, NiSource Inc. posted 0.76/share EPS, while the average EPS was predicted by analysts to be reported at 0.8/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NiSource Inc. go to 4.37%.
Insider trade positions for NiSource Inc. [NI]
There are presently around $8,879 million, or 94.40% of NI stock, in the hands of institutional investors. The top three institutional holders of NI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 60,249,172, which is approximately -9.038% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 43,494,108 shares of the stock with an approximate value of $1.08 billion in NI stocks shares; and BLACKROCK INC., currently with $1.04 billion in NI stock with ownership of nearly 12.107% of the company’s market capitalization.
Positions in NiSource Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 215 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 32,789,761 shares. Additionally, 221 investors decreased positions by around 33,529,955 shares, while 85 investors held positions by with 292,446,930 shares. The mentioned changes placed institutional holdings at 358,766,646 shares, according to the latest SEC report filing. NI stock had 75 new institutional investments in for a total of 5,809,607 shares, while 54 institutional investors sold positions of 8,998,914 shares during the same period.