NiSource Inc. [NI] Stock trading around $25.60 per share: What’s Next?

NiSource Inc. [NYSE: NI] gained 1.43% or 0.36 points to close at $25.60 with a heavy trading volume of 2507154 shares. The company report on July 22, 2021 that NiSource Announces Earnings Release and Conference Call for August 4.

NiSource Inc. (NYSE: NI) (“NiSource”) announced that the company will host a conference call at 11 a.m. ET (10 a.m. CT) on August 4, 2021, to review its second quarter 2021 financial results and provide a general business update.

NiSource will release its second quarter 2021 earnings before U.S. financial markets open on August 4.

It opened the trading session at $25.21, the shares rose to $25.68 and dropped to $25.10, the range by which the price of stock traded the whole day. The daily chart for NI points out that the company has recorded 17.92% gains over the past six months. However, it is still -21.38% lower than its most recent low trading price.

If we look at the average trading volume of 3.43M shares, NI reached to a volume of 2507154 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $28.10 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.

Evercore ISI have made an estimate for NiSource Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on April 23, 2021. The new note on the price target was released on March 22, 2021, representing the official price target for NiSource Inc. stock. Previously, the target price had yet another drop from $27 to $25, while Goldman kept a Neutral rating on NI stock. On November 18, 2020, analysts increased their price target for NI shares from 25 to 29.

The Average True Range (ATR) for NiSource Inc. is set at 0.45, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 0.23. Price to Free Cash Flow for NI in the course of the last twelve months was 13.68 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for NI stock

NiSource Inc. [NI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.71. With this latest performance, NI shares gained by 1.99% in over the last four-week period, additionally plugging by 17.92% over the last 6 months – not to mention a rise of 5.44% 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 56.50, with the RSI for the last a single of trading hit 60.32, and the three-weeks RSI is set at 54.59 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 25.30, while it was recorded at 25.14 for the last single week of trading, and 23.97 for the last 200 days.

NiSource Inc. [NI]: A deeper dive into fundamental analysis

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.

NiSource Inc. [NI]: An earnings per share (EPS) analysis

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 3.52%.

An analysis of insider ownership at NiSource Inc. [NI]

There are presently around $9,351 million, or 95.40% 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 63,288,086, which is approximately 5.044% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 44,929,087 shares of the stock with an approximate value of $1.15 billion in NI stocks shares; and VANGUARD GROUP INC, currently with $1.14 billion in NI stock with ownership of nearly 2.282% of the company’s market capitalization.

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Positions in NiSource Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 249 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 31,614,724 shares. Additionally, 193 investors decreased positions by around 22,750,107 shares, while 86 investors held positions by with 310,912,902 shares. The mentioned changes placed institutional holdings at 365,277,733 shares, according to the latest SEC report filing. NI stock had 63 new institutional investments in for a total of 2,661,161 shares, while 45 institutional investors sold positions of 1,648,450 shares during the same period.

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