NiSource Inc. [NI] Stock trading around $28.39 per share: What’s Next?


NiSource Inc. [NYSE: NI] loss -1.36% or -0.39 points to close at $28.39 with a heavy trading volume of 5986754 shares. The company report on July 13, 2022 that NiSource to release financial results and host conference call on August 3.

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NiSource Inc. (NYSE: NI) (“NiSource”) today announced that the company will host a conference call at 11 a.m. ET (10 a.m. CT) on Wednesday, August 3, 2022, to review its second quarter 2022 financial results and provide a general business update.

NiSource will release its second quarter 2022 financial results before U.S. financial markets open on August 3.

It opened the trading session at $28.72, the shares rose to $28.85 and dropped to $28.36, the range by which the price of stock traded the whole day. The daily chart for NI points out that the company has recorded 0.21% gains over the past six months. However, it is still -20.04% lower than its most recent low trading price.

If we look at the average trading volume of 4.58M shares, NI reached to a volume of 5986754 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 $32.42 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 0.72, with the Price to Sales ratio for NI stock in the period of the last 12 months amounting to 2.20. The Price to Book ratio for the last quarter was 2.04, 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 25.49 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for NI stock

NiSource Inc. [NI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.42. With this latest performance, NI shares gained by 2.42% in over the last four-week period, additionally plugging by 0.21% over the last 6 months – not to mention a rise of 10.25% 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 43.54, with the RSI for the last a single of trading hit 42.33, and the three-weeks RSI is set at 44.08 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 29.58, while it was recorded at 28.63 for the last single week of trading, and 28.23 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 +20.71 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.

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 7.18%.

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

There are presently around $10,928 million, or 95.00% 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 $1.08 billion in NI stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $868.43 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 August and at the time of the August reporting period, where 269 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 46,333,458 shares. Additionally, 242 investors decreased positions by around 44,385,900 shares, while 87 investors held positions by with 288,984,086 shares. The mentioned changes placed institutional holdings at 379,703,444 shares, according to the latest SEC report filing. NI stock had 78 new institutional investments in for a total of 4,386,325 shares, while 63 institutional investors sold positions of 4,293,876 shares during the same period.