The stock of NiSource Inc (NYSE:NI) last traded at $39.60, up 2.06% from the previous session.
NI stock price is now 6.89% away from the 50-day moving average and 19.08% away from the 200-day moving average. The market capitalization of the company currently stands at $18.48B.
On July 11, 2024, Mizuho recently initiated its ‘Outperform’ rating on the stock quoting a target price of $33, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Anderson Shawn, EVP & CFO sold 6,730 shares of the company’s stock on Aug 21 ’24. The stock was sold for $216,975 at an average price of $32.24. Upon completion of the transaction, the EVP & CFO now directly owns 165,281 shares in the company, valued at $6.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, EVP, Chief Op & Safety Officer Jefferson William Jr. sold 4,364 shares of the business’s stock. A total of $139,953 was realized by selling the stock at an average price of $32.07. This leaves the insider owning 33,129 shares of the company worth $1.31 million. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, NiSource Inc has had a low of $24.80 and a high of $38.99. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 0.51, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $33410414592, which is based on a 24.46 price-to-earnings ratio, a 3.28 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for NI is $37.0186 and a two-hundred day moving average price translates $33.19775 for the stock.
The latest earnings results from NiSource Inc (NYSE: NI) was released for 2024-09-30. The net profit margin was 13.53% and return on equity was 8.95% for NI. The company reported revenue of $1.59 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.66 percent. For the current quarter, analysts expect NI to generate $1.96B in revenue.
