A share price of NiSource Inc [NI] is currently trading at $26.87, up 1.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NI shares have gain 3.95% over the last week, with a monthly amount glided 6.42%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, NiSource Announces Two-Year $900 Million At-The-Market (ATM) Equity Issuance Program. In a post published today on Yahoo Finance, NiSource Inc. (NYSE: NI) (“NiSource”) announced today that it has established an “at-the-market” (“ATM”) equity offering program under which it may sell shares of its common stock having an aggregate gross sales price of up to $900 million through December 31, 2025.
From an analyst’s perspective:
NiSource Inc [NYSE: NI] stock has seen the most recent analyst activity on January 22, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $28. Previously, Ladenburg Thalmann started tracking the stock with Buy rating on October 06, 2023, and set its price target to $25. On June 06, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $31 on the stock. Credit Suisse upgraded its rating to a Outperform but stick to its price target of $27 on November 09, 2022. Edward Jones upgraded its rating to a Buy. Credit Suisse started tracking with a Neutral rating for this stock on April 26, 2022, and assigned it a price target of $32. In a note dated February 15, 2022, UBS downgraded an Neutral rating on this stock and boosted its target price from $29 to $31.
NiSource Inc experienced fluctuations in its stock price throughout the past year between $22.86 and $28.95. Currently, Wall Street analysts expect the stock to reach $33.5 within the next 12 months. NiSource Inc [NYSE: NI] shares were valued at $26.87 at the most recent close of the market. An investor can expect a potential return of 24.67% based on the average NI price forecast.
Analyzing the NI fundamentals
Trailing Twelve Months sales for NiSource Inc [NYSE:NI] were 5.51B which represents -16.58% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.71.
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 26.74 points at the first support level, and at 26.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.98, and for the 2nd resistance point, it is at 27.09.
NiSource Inc [NI] reported earnings per share of $0.53 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.54/share, meaning a difference of -$0.01 and a surprise factor of -1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.19 per share as compared to estimates of $0.16 per share, a difference of $0.03 representing a surprise of 18.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NiSource Inc [NYSE:NI] is 0.85. In addition, the Quick Ratio stands at 0.76 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 18.18.
Transactions by insiders
Recent insider trading involved Jesanis Michael E, Director, that happened on Nov 28 ’23 when 5000.0 shares were sold. Director and President & CEO, Yates Lloyd M completed a deal on Aug 23 ’23 to buy 40000.0 shares. Meanwhile, EVP & Chief Innovation Officer Brown Donald Eugene sold 14000.0 shares on Aug 08 ’23.
