NiSource Inc. [NI] Stock trading around $30.73 per share: What’s Next?

NiSource Inc. [NYSE: NI] closed the trading session at $30.73 on 08/25/22. The day’s price range saw the stock hit a low of $30.72, while the highest price level was $31.06. The company report on August 16, 2022 that NISOURCE ANNOUNCES DEPARTURE OF PABLO VEGAS.

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NiSource Inc. (NYSE: NI) today announced that Executive Vice President, NiSource, and Group President, NiSource Utilities, Pablo Vegas, is leaving NiSource to become President and Chief Executive Officer of the Electric Reliability Council of Texas (ERCOT), effective October 1.

Since joining NiSource, Vegas has served in numerous roles, including Executive Vice President and President, Columbia Gas Group, Chief Restoration Officer, and Chief Customer Officer for NiSource. Pablo assumed his current title on July 1, 2022.

The stocks have a year to date performance of 11.30 percent and weekly performance of -3.09 percent. The stock has been moved at 8.47 percent over the last six months. The stock has performed 4.84 percent around the most recent 30 days and changed -2.26 percent over the most recent 3-months.

If compared to the average trading volume of 3.90M shares, NI reached to a volume of 3127379 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $32.33 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.

Edward Jones have made an estimate for NiSource Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 27, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 26, 2022, representing the official price target for NiSource Inc. stock. Previously, the target price had yet another raise from $29 to $31, while UBS kept a Neutral 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 2.31. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 0.19. Price to Free Cash Flow for NI in the course of the last twelve months was 157.17 with Quick ratio for the last quarter at 0.50.

NI stock trade performance evaluation

NiSource Inc. [NI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.09. With this latest performance, NI shares gained by 4.84% in over the last four-week period, additionally plugging by 8.47% over the last 6 months – not to mention a rise of 22.77% 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 54.07, with the RSI for the last a single of trading hit 49.44, and the three-weeks RSI is set at 54.76 for NiSource Inc. [NI]. The present Moving Average for the last 50 days of trading for this stock 29.43, while it was recorded at 31.04 for the last single week of trading, and 28.99 for the last 200 days.

NiSource Inc. [NI]: An insightful look at the core 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 0.50 and a Current Ratio set at 0.60.

Earnings per share (EPS) analysis for NiSource Inc. [NI] stock

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 7.30%.

NiSource Inc. [NI]: Insider Ownership positions

There are presently around $12,043 million, or 97.60% of NI stock, in the hands of institutional investors. The top three institutional holders of NI stocks are: VANGUARD GROUP INC with ownership of 53,687,463, which is approximately 2.041% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 40,319,366 shares of the stock with an approximate value of $1.24 billion in NI stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $837.24 million in NI stock with ownership of nearly -9.709% 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 278 institutional holders increased their position in NiSource Inc. [NYSE:NI] by around 35,433,454 shares. Additionally, 218 investors decreased positions by around 25,703,455 shares, while 104 investors held positions by with 330,773,449 shares. The mentioned changes placed institutional holdings at 391,910,358 shares, according to the latest SEC report filing. NI stock had 66 new institutional investments in for a total of 4,964,606 shares, while 50 institutional investors sold positions of 5,825,611 shares during the same period.


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