NiSource Inc. (NYSE: NI) is -1.57% lower on its value in year-to-date trading and has touched a low of $19.56 and a high of $30.46 in the current 52-week trading range. The NI stock was last observed hovering at around $22.94 in the last trading session, with the day’s loss setting it -0.36% off its average median price target of $27.00 for the next 12 months. It is also 22.14% off the consensus price target high of $29.00 offered by 14 analysts, but current levels are 5.92% higher than the price target low of $24.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Currently trading at $22.58, the stock is -0.83% and -4.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing -1.57% at the moment leaves the stock -4.17% off its SMA200. NI registered -17.59% loss for a year compared to 6-month gain of -3.05%. The firm has a 50-day simple moving average (SMA 50) of $23.38 and a 200-day simple moving average (SMA200) of $23.27.
The stock witnessed a -8.29% loss in the last 1 month and extending the period to 3 months gives it a 1.99%, and is 2.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.88% over the week and 2.34% over the month.
NiSource Inc. (NI) has around 8363 employees, a market worth around $8.51B and $4.87B in sales. Fwd P/E is 16.73. Profit margin for the company is -6.10%. Distance from 52-week low is 15.44% and -25.87% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
NiSource Inc. (NI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NiSource Inc. (NI) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
NiSource Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $1.54B over the same period.The EPS is expected to grow by 574.10% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to grow 13.50% in year-over-year returns.
NiSource Inc. (NI) Top Institutional Holders
682 institutions hold shares in NiSource Inc. (NI), with 1.38M shares held by insiders accounting for 0.36% while institutional investors hold 97.72% of the company’s shares. The shares outstanding are 383.80M, and float is at 381.83M with Short Float at 1.02%. Institutions hold 97.37% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 66.24 million shares valued at $1.46 billion. The investor’s holdings represent 17.28% of the NI Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 44.01 million shares valued at $968.28 million to account for 11.49% of the shares outstanding. The other top investors are Blackrock Inc. which holds 37.36 million shares representing 9.75% and valued at over $821.85 million, while State Street Corporation holds 5.06% of the shares totaling 19.4 million with a market value of $426.82 million.
NiSource Inc. (NI) Insider Activity
The most recent transaction is an insider sale by Anderson Shawn, the company’s SVP & Chief Strategy & Risk. SEC filings show that Anderson Shawn sold 550 shares of the company’s common stock on Dec 01 at a price of $24.57 per share for a total of $13514.0. Following the sale, the insider now owns 20553.0 shares.
NiSource Inc. disclosed in a document filed with the SEC on Nov 09 that Creekmur Daniel A (SVP & President, Gas Utilities) sold a total of 4,114 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $24.29 per share for $99929.0. Following the transaction, the insider now directly holds 5144.0 shares of the NI stock.
Still, SEC filings show that on Sep 15, Shafer Charles Edward II (SVP & Chief Safety Officer) disposed off 1,650 shares at an average price of $22.50 for $37117.0. The insider now directly holds 14,985 shares of NiSource Inc. (NI).
NiSource Inc. (NI): Who are the competitors?
The company’s main competitors (and peers) include Duke Energy Corporation (DUK) that is trading -0.76% down over the past 12 months. Genie Energy Ltd. (GNE) is -3.82% down on the 1-year trading charts. Short interest in the company’s stock has risen 3.87% from the last report on Nov 12, 2020 to stand at a total of 3.73 million short shares sold with a short interest ratio of 1.36.