In yesterday’s Wall Street session, NiSource Inc (NYSE:NI) shares traded at $26.01, down -0.19% from the previous session.
As of this writing, 12 analysts cover NiSource Inc (NYSE:NI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $27.00, we find $29.00. Given the previous closing price of $26.06, this indicates a potential upside of 11.28 percent. NI stock price is now 1.39% away from the 50-day moving average and -3.59% away from the 200-day moving average. The market capitalization of the company currently stands at $10.75B.
There are 0 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $28.44 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 $4.87 million. Insiders disposed of 101,707 shares of company stock worth roughly $2.65 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.
Tuesday morning saw NiSource Inc (NYSE: NI) opened at $26.07. 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 $25.13B, which is based on a 17.42 price-to-earnings ratio, a 2.10 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for NI is $25.63 and a two-hundred day moving average price translates $26.97 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.
