NiSource Inc. (NYSE:NI) does about 4.47M shares in volume on a normal day but saw 4749712 shares change hands in Monday trading. The company now has a market cap of 10.85B USD. Its current market price is $27.09, marking a decrease of -0.44% compared to the previous close of $27.21. The 52 week high reached by this stock is $32.58 whilst the lowest price level in 52 weeks is $23.78. The script in recent trading has seen the stock touch a high of $27.37 and a low of $26.92.
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NiSource Inc. (NI) has a 20-day trading average at $27.53 and the current price is -16.86% off the 52-week high compared with 13.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $27.21 and its 200-day simple moving average is $28.54. If we look at the stock’s price movements over the week, volatility stands at 1.92%, which decreases to 1.75% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.88 to suggest the stock is neutral.
The consensus objective for the share price is $30.09, suggesting that the stock has a potential upside of 9.97% over the period. The median price target is 12.61% away from the current levels at $31.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 09, 2022 when Credit Suisse upgraded the stock to “Outperform” and issued a price target of $27. Credit Suisse initiated its price target at $32.
The current price level is -1.67%, -0.28%, and -5.15% away from its SMA20, SMA50, and SMA200 respectively, with the NI price moving above the 50-day SMA on January 23. NiSource Inc. (NI) stock is down -2.52% over the week and 0.07% over the past month. Its price is -1.20% year-to-date and -2.69% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.1 below consensus estimates by -$0.01. The company’s next earnings report is expected on 05/03/2023, with forecasts estimating quarterly EPS at $0.44 and $1.45 for whole year. NI’s earnings per share are forecast to grow by 5.80% this year and 6.20% over next year. Expected sales for next quarter are $1.96 billion, which analysts say will come at $5.38 billion for the current fiscal year and next year at $5.61 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.23 billion.
To reach the target analysts have set, the stock logically needs to grow 9.97 percent from here.
Outstanding shares total 406.50M with insiders holding 0.38% of the shares and institutional holders owning 94.87% of the company’s common stock. The company has a return on investment of 5.80% and return on equity of 12.00%. The price to earnings ratio (P/E ratio) amounts to 17.60 while the forward price to earnings ratio is 17.61. The beta has a value of 0.47. Price to book ratio is 1.95 and price to sales ratio is 1.95.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in NiSource Inc. (NI) to 12,320,434 shares, mirroring a recent drop by -0.54%. Vanguard Total Stock Market Index dumped 67050.0 shares of NiSource Inc. common stock bringing its total worth to about $337.83 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Mid Cap Index Fund, which sold off 54327.0 shares to end up with 9,443,942 shares worth $258.95 million. Vanguard 500 Index Fund raise their holdings by 0.89% in the company over the course of the most recent quarter. It now holds a 2.31% position in NiSource Inc. thanks to 9.39 million shares amounting to $257.41 million.
