Is NiSource Inc (NYSE:NI) being unfairly punished by investors?

In yesterday’s Wall Street session, NiSource Inc (NYSE:NI) shares traded at $25.97, up 4.68% from the previous session.

12 analysts cover NiSource Inc (NYSE:NI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $29.00 and a low of $27.00, we find $28.00. Given the previous closing price of $24.81, this indicates a potential upside of 12.86 percent. NI stock price is now 0.95% away from the 50-day moving average and -3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $10.74B.

The stock has received a hold rating from 0 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $28.22 as their price target over the next twelve months.

With the price target of $25, Ladenburg Thalmann recently initiated with Buy rating for NiSource Inc (NYSE: NI).

In other news, Yates Lloyd M, Director and President & CEO bought 40,000 shares of the company’s stock on Aug 23. The stock was bought for $1,057,600 at an average price of $26.44. Upon completion of the transaction, the Director and President & CEO now directly owns 131,242 shares in the company, valued at $3.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08, EVP & Chief Innovation Officer Brown Donald Eugene sold 14,000 shares of the business’s stock. A total of $372,960 was realized by selling the stock at an average price of $26.64. This leaves the insider owning 187,278 shares of the company worth $4.86 million. Insiders disposed of 101,707 shares of company stock worth roughly $2.64 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.

On Tuesday morning NiSource Inc (NYSE: NI) stock kicked off with the opening price of $25.45. During the past 12 months, NiSource Inc has had a low of $22.86 and a high of $28.95. As of last week, the company has a debt-to-equity ratio of 1.84, a current ratio of 0.41, and a quick ratio of 0.29. According to the stock market information, the enterprise value for the company is $24.61B, which is based on a 17.39 price-to-earnings ratio, a 2.10 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for NI is $25.73 and a two-hundred day moving average price translates $27.02 for the stock.

The latest earnings results from NiSource Inc (NYSE: NI) was released for Sep, 2023. According to the Utilities – Regulated Gas Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.16 by 0.03. This compares to $0.12 EPS in the same period last year. The net profit margin was 11.52% and return on equity was 10.01% for NI. The company reported revenue of $1.03 billion for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.7 percent. For the current quarter, analysts expect NI to generate $1.57B in revenue.

NiSource Inc(NI) Company Profile

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,800 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 486,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.