NiSource Inc (NYSE: NI) is 1.58% higher on its value in year-to-date trading and has touched a low of $22.86 and a high of $28.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NI stock was last observed hovering at around $27.15 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $26.97, the stock is 1.16% and 3.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.88 million and changing -0.66% at the moment leaves the stock 2.19% off its SMA200. NI registered 0.82% gain for a year compared to 6-month loss of 1.01%. The firm has a 50-day simple moving average (SMA 50) of $4.44 and a 200-day simple moving average (SMA200) of $10.99.
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The stock witnessed a 4.90% gain in the last 1 month and extending the period to 3 months gives it a 2.74%, and is 0.48% 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 1.21% over the week and 1.47% over the month.
NiSource Inc (NI) has around 7411 employees, a market worth around $12.07B and $5.51B in sales. Current P/E ratio is 18.25 and Fwd P/E is 14.54. Profit margin for the company is 12.01%. Distance from 52-week low is 17.98% and -6.84% from its 52-week high. The company has generated returns on investments over the last 12 months (3.42%).
NiSource Inc quarterly earnings per share for the current quarter are estimated at $0.82 with sales reaching $1.99B over the same period.The EPS is expected to grow by 7.54% this year, but quarterly earnings will post 13.10% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
NiSource Inc (NI) Top Institutional Holders
872 institutions hold shares in NiSource Inc (NI), with institutional investors hold 92.92% of the company’s shares. The shares outstanding are 447.38M, and float is at 444.91M with Short Float at 1.27%. Institutions hold 92.62% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 53.05 million shares valued at $1.45 billion. The investor’s holdings represent 12.84% of the NI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 40.51 million shares valued at $1.11 billion to account for 9.80% of the shares outstanding. The other top investors are State Street Corporation which holds 22.04 million shares representing 5.33% and valued at over $602.79 million, while Deutsche Bank Aktiengesellschaft holds 4.64% of the shares totaling 19.18 million with a market value of $524.6 million.
NiSource Inc (NI) Insider Activity
The most recent transaction is an insider sale by Gode Gunnar,the company’sVP & Chief Accounting Officer. SEC filings show that Gode Gunnar sold 950 shares of the company’s common stock on Mar 15 ’24 at a price of $26.46 per share for a total of $25133.0. Following the sale, the insider now owns 28526.0 shares.
NiSource Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Brown Donald Eugene (EVP & Chief Innovation Officer) sold a total of 37,490 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $26.78 per share for $1.0 million. Following the transaction, the insider now directly holds 0.2 million shares of the NI stock.
Still, SEC filings show that on Mar 05 ’24, Berman Melanie B. (SVP & CHRO) disposed off 11,141 shares at an average price of $26.66 for $0.3 million. The insider now directly holds 23,720 shares of NiSource Inc (NI).
