NiSource Inc [NYSE: NI] slipped around -0.26 points on Tuesday, while shares priced at $26.82 at the close of the session, down -0.96%. The company report on March 12, 2024 at 8:30 AM that Hooper named President of We Energies and Wisconsin Public Service.
WEC Energy Group (NYSE: WEC) announced today that Michael Hooper, currently president and chief operating officer of Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has been named president of We Energies and Wisconsin Public Service, effective April 1, 2024.
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“We’re fortunate to have Mike join our senior leadership team,” said Scott Lauber, president and chief executive officer of WEC Energy Group. “He has an impressive record of accomplishments in our industry along with proven leadership skills. His broad experience, together with his demonstrated ability to lead and manage complex projects, will be key in helping us achieve our long-term goals.”.
Compared to the average trading volume of 4.35M shares, NI reached a trading volume of 4192077 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 $29.78 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 1.33. 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.
Barclays have made an estimate for NiSource Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 22, 2024. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on October 06, 2023, representing the official price target for NiSource Inc stock. Previously, the target price had yet another raise to $31, while UBS analysts kept a Buy rating on NI stock.
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 2.18. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 5.10.
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 0.86. With this latest performance, NI shares gained by 6.22% in over the last four-week period, additionally sinking by -0.96% over the last 6 months – not to mention a rise of 0.41% 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 60.08, with the RSI for the last a single of trading hit 62.42, and the three-weeks RSI is set at 57.56 for NiSource Inc [NI]. The present Moving Average for the last 50 days of trading for this stock 26.14, while it was recorded at 26.95 for the last single week of trading, and 26.40 for the last 200 days.
NiSource Inc [NI]: Deeper insight into the fundamentals
NiSource Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 0.85.
Earnings analysis for NiSource Inc [NI]
With the latest financial reports released by the company, NiSource Inc posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.70%. 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%.
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 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NI stock with ownership which is approximately 5.8325%.
