NiSource Inc. [NI] Is Currently -2.33 below its 200 Period Moving Avg: What Does This Mean?


NiSource Inc. [NYSE: NI] traded at a low on 06/08/22, posting a -2.33 loss after which it closed the day’ session at $31.03. The company report on May 25, 2022 that NISOURCE ANNOUNCES LEADERSHIP CHANGES AND ADDITIONS.

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Melody Birmingham, William (Bill) Jefferson and Melanie Berman Join Executive Leadership Team.

NiSource Inc. (NYSE: NI) today announced the appointments of Melody Birmingham, William (Bill) Jefferson, and Melanie Berman to the company’s executive leadership team, along with a reconfiguration of leadership responsibilities for several others on that team. These changes take effect on July 1.

The results of the trading session contributed to over 4513057 shares changing hands. Over the past one week, the price volatility of NiSource Inc. stands at 1.70% while the volatility over the past one month is 1.77%.

The market cap for NI stock reached $12.59 billion, with 406.00 million shares outstanding and 404.41 million shares in the current float. Compared to the average trading volume of 4.35M shares, NI reached a trading volume of 4513057 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 $32.36 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.

Credit Suisse have made an estimate for NiSource Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 26, 2022. While these analysts kept the previous recommendation, UBS raised their target price from $29 to $31. The new note on the price target was released on February 15, 2022, representing the official price target for NiSource Inc. stock. Previously, the target price had yet another raise to $30, while Evercore ISI analysts kept a Outperform rating on NI stock. On October 13, 2021, analysts increased their price target for NI shares from 27 to 29.

The Average True Range (ATR) for NiSource Inc. is set at 0.60, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 2.41. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 0.28. Price to Free Cash Flow for NI in the course of the last twelve months was 27.92 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 -0.99. With this latest performance, NI shares gained by 5.40% in over the last four-week period, additionally plugging by 20.13% over the last 6 months – not to mention a rise of 21.12% 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 51.28, with the RSI for the last a single of trading hit 47.60, and the three-weeks RSI is set at 52.38 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 30.92, while it was recorded at 31.48 for the last single week of trading, and 27.70 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 +20.71 and a Gross Margin at +56.31. NiSource Inc.’s Net Margin is presently recorded at +11.94.

Return on Equity for this stock inclined to 9.21, with Return on Assets sitting at 2.41.

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]

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 7.18%.

Insider trade positions for NiSource Inc. [NI]

There are presently around $12,173 million, or 95.20% of NI stock, in the hands of institutional investors. The top three institutional holders of NI stocks are: VANGUARD GROUP INC with ownership of 52,613,623, which is approximately 10.859% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 37,399,115 shares of the stock with an approximate value of $1.19 billion in NI stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $958.65 million in NI stock with ownership of nearly 59.325% 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 279 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 46,434,867 shares. Additionally, 243 investors decreased positions by around 44,411,925 shares, while 83 investors held positions by with 292,311,588 shares. The mentioned changes placed institutional holdings at 383,158,380 shares, according to the latest SEC report filing. NI stock had 87 new institutional investments in for a total of 4,422,184 shares, while 64 institutional investors sold positions of 4,442,170 shares during the same period.