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NiSource Inc (NI) Stock Could Soon Reward Patient Investors

NiSource Inc (NYSE: NI) is 8.89% higher on its value in year-to-date trading and has touched a low of $22.86 and a high of $29.44 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 $28.57 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $28.91, the stock is 1.45% and 1.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing 1.19% at the moment leaves the stock 8.05% off its SMA200. NI registered 5.05% gain for a year compared to 6-month gain of 6.92%.

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The stock witnessed a 1.30% loss in the last 1 month and extending the period to 3 months gives it a 5.32%, and is 0.73% 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 1.33% over the week and 1.42% over the month.

NiSource Inc (NI) has around 7411 employees, a market worth around $12.96B and $5.25B in sales. Current P/E ratio is 18.90 and Fwd P/E is 15.68. Profit margin for the company is 13.08%. Distance from 52-week low is 26.47% and -1.80% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).

with sales reaching $1.13B over the same period.The EPS is expected to grow by 7.57% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 3.90% in year-over-year returns.

NiSource Inc (NI) Top Institutional Holders

The shares outstanding are 447.38M, and float is at 446.52M with Short Float at 3.32%.

NiSource Inc (NI) Insider Activity

The most recent transaction is an insider sale by Berman Melanie B.,the company’sCHRO & SVP Administration. SEC filings show that Berman Melanie B. sold 3,742 shares of the company’s common stock on May 30 ’24 at a price of $27.96 per share for a total of $0.1 million. Following the sale, the insider now owns 19978.0 shares.

NiSource Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Gode Gunnar (VP & Chief Accounting Officer) sold a total of 950 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $26.46 per share for $25133.0. Following the transaction, the insider now directly holds 28526.0 shares of the NI stock.

Still, SEC filings show that on Mar 06 ’24, Brown Donald Eugene (EVP & Chief Innovation Officer) disposed off 37,490 shares at an average price of $26.78 for $1.0 million. The insider now directly holds 195,855 shares of NiSource Inc (NI).

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