NiSource Inc. [NI] stock prices are down -0.88% to $27.01 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NI shares have lost -1.28% over the last week, with a monthly amount drifted -4.52%, and not seem to be holding up well over a long-time horizon.
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On 23, May 2023, NiSource declares common and preferred stock dividends. In a post published today on Yahoo Finance, The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 25 cents per share, payable August 18, 2023, to stockholders of record at the close of business on July 31, 2023.
From an analyst’s perspective:
The stock price of NiSource Inc. [NI] has been fluctuating between $23.78 and $32.08 over the past year. Currently, Wall Street analysts expect the stock to reach $31.22 within the next 12 months. NiSource Inc. [NYSE: NI] shares were valued at $27.01 at the most recent close of the market. An investor can expect a potential return of 15.59% based on the average NI price forecast.
Analyzing the NI fundamentals
The most recent quarter, NiSource Inc. [NYSE:NI] reported sales of 1.97 billion, representing a surge of 4.90%. In the same period, the company’s revenue per employee was $822,060, whereas its income per employee was $112,983. Gross Margin for this corporation currently stands at +49.90% with Operating Margin at +19.85%, Pretax Margin comes in at +16.35%, and Net Margin reading is +13.74%. To continue investigating profitability, this company’s Return on Assets is posted at 3.03, Equity is 11.07, Total Capital is 6.39, and Invested Capital is 4.83. An extended look at the Principal structure reveals enduring liabilities to the total capital of 59.98 and enduring liabilities to assets of 40.90.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.66 points at the first support level, and at 26.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.32, and for the 2nd resistance point, it is at 27.64.
NiSource Inc. [NI] reported earnings per share of $0.77 for its fiscal quarter that ended on 3/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of $0.02 and a surprise factor of 2.70%. By comparison, the stated earnings for the previous quarter ended on 12/30/2022 were $0.5 per share as compared to estimates of $0.48 per share, a difference of $0.02 representing a surprise of 4.20%.
Ratios To Look Out For
It’s worth pointing out that NiSource Inc. [NYSE:NI]’s Current Ratio is 0.60. Further, the Quick Ratio stands at 0.39, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 1.87 and the P/E (TTM) ratio is 18.32.
Transactions by insiders
Insider trading, which has resulted in 15 insider purchases of 140,817 shares and 18 insider sales of 51,887 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Cuccia Kimberly S, SVP, GC & Corp Sec, that happened on May 08 when 11157.0 shares were sold. SVP & CHRO, Berman Melanie B. completed a deal on Mar 15 to sell 4824.0 shares.