Stocks of NiSource Inc (NYSE:NI) traded higher last session on Wall Street, down -0.23% to $38.50.
NI stock price is now 1.24% away from the 50-day moving average and 12.92% away from the 200-day moving average. The market capitalization of the company currently stands at $18.09B.
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 12,900 shares of the company’s stock on Mar 03 ’25. The stock was sold for $526,191 at an average price of $40.79. Upon completion of the transaction, the EVP & CFO now directly owns 157,879 shares in the company, valued at $6.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Officer Anderson Shawn bought 12,900 shares of the business’s stock. A total of $526,191 was incurred on buying the stock at an average price of $40.79. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, NiSource Inc has had a low of $26.04 and a high of $41.44. 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.
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.
