In yesterday’s Wall Street session, NiSource Inc (NYSE:NI) shares traded at $27.46, up 1.82% from the previous session.
NI stock price is now 5.16% away from the 50-day moving average and 4.05% away from the 200-day moving average. The market capitalization of the company currently stands at $12.29B.
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With the price target of $28, Barclays recently initiated with Overweight rating for NiSource Inc (NYSE: NI). On October 06, 2023, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘UBS’ rates the stock as ‘Buy’
In other news, Gode Gunnar, VP & Chief Accounting Officer sold 950 shares of the company’s stock on Mar 15 ’24. The stock was sold for $25,133 at an average price of $26.46. Upon completion of the transaction, the VP & Chief Accounting Officer now directly owns 28,526 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, EVP & Chief Innovation Officer Brown Donald Eugene sold 37,490 shares of the business’s stock. A total of $1,003,982 was realized by selling the stock at an average price of $26.78. This leaves the insider owning 195,855 shares of the company worth $5.38 million. A total of 0.59% of the company’s stock is owned by insiders.
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 1.71, a current ratio of 0.85, and a quick ratio of 0.76. According to the stock market information, the enterprise value for the company is $24.66B, which is based on a 18.58 price-to-earnings ratio, a 2.55 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for NI is $26.14 and a two-hundred day moving average price translates $26.39 for the stock.
The latest earnings results from NiSource Inc (NYSE: NI) was released for Dec, 2023. According to the Utilities – Regulated Gas Company, earnings per share came in at $0.53, missing analysts’ expectations of $0.54 by -0.01. This compares to $0.52 EPS in the same period last year. The net profit margin was 12.01% and return on equity was 9.01% for NI. The company reported revenue of $1.42 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.58 percent. For the current quarter, analysts expect NI to generate $1.99B in revenue.
