why NiSource Inc [NI] is a Good Choice for Investors After New Price Target of $28.70

NiSource Inc [NYSE: NI] jumped around 0.27 points on Thursday, while shares priced at $26.55 at the close of the session, up 1.03%. The company report on December 12, 2023 at 4:00 PM that NiSource Named to S&P Dow Jones Sustainability Indices for 10th Consecutive Year.

NiSource Inc. (NYSE: NI), one of the largest fully-regulated utility companies in the United States, has been named to the Dow Jones Sustainability Indices (DJSI) for 2023, recognizing the company as a global leader for its environmental, social, and corporate governance (ESG) initiatives and ethical standards. It marks the 10th consecutive year that NiSource has been named to the DJSI.

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“Earning this designation for an entire decade underscores our longstanding commitment for environmental stewardship and placing our customers, employees, and the communities we serve at the forefront of everything we do,” said Michael Luhrs, NiSource’s Executive Vice President of Strategy and Risk and Chief Commercial Officer. “We are planning for a sustainable future that includes diverse energy options that will help ensure we meet the needs of those we serve for generations to come.”.

NiSource Inc stock is now -3.17% down from its year-to-date (YTD) trading value. NI Stock saw the intraday high of $26.59 and lowest of $26.18 per share. The company’s 52-week high price is 28.95, which means current price is +16.14% above from all time high which was touched on 05/10/23.

Compared to the average trading volume of 6.15M shares, NI reached a trading volume of 2720107 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 $28.70 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 1.15. 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.

Ladenburg Thalmann have made an estimate for NiSource Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 06, 2023.

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 2.05. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 0.24.

How has NI stock performed recently?

NiSource Inc [NI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, NI shares gained by 1.41% in over the last four-week period, additionally sinking by -2.28% over the last 6 months – not to mention a drop of -4.50% 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 55.54, with the RSI for the last a single of trading hit 56.62, and the three-weeks RSI is set at 54.56 for NiSource Inc [NI]. The present Moving Average for the last 50 days of trading for this stock 25.86, while it was recorded at 26.31 for the last single week of trading, and 26.85 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 +19.85 and a Gross Margin at +49.90. NiSource Inc’s Net Margin is presently recorded at +13.74.

Return on Total Capital for NI is now 6.39, given the latest momentum, and Return on Invested Capital for the company is 4.83. Return on Equity for this stock inclined to 11.07, with Return on Assets sitting at 3.03. When it comes to the capital structure of this company, NiSource Inc [NI] has a Total Debt to Total Equity ratio set at 149.86. Additionally, NI Total Debt to Total Capital is recorded at 59.98, with Total Debt to Total Assets ending up at 40.90. Long-Term Debt to Equity for the company is recorded at 158.49, with the Long-Term Debt to Total Capital now at 50.48.

Reflecting on the efficiency of the workforce at the company, NiSource Inc [NI] managed to generate an average of $112,983 per employee. Receivables Turnover for the company is 5.58 with a Total Asset Turnover recorded at a value of 0.22.NiSource Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.29 and a Current Ratio set at 0.41.

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 8.30%.

Insider trade positions for NiSource Inc [NI]

The top three institutional holders of NI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in NI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in NI stock with ownership which is approximately 5.7994%.