NiSource Inc (NYSE: NI) is 25.12% higher on its value in year-to-date trading and has touched a low of $22.86 and a high of $33.34 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 $33.19 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $33.22, the stock is 3.43% and 7.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 0.09% at the moment leaves the stock 18.81% off its SMA200. NI registered 25.08% gain for a year compared to 6-month gain of 24.93%.
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The stock witnessed a 8.67% loss in the last 1 month and extending the period to 3 months gives it a 14.12%, and is 1.53% 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 1.15% over the week and 1.23% over the month.
NiSource Inc (NI) has around 7411 employees, a market worth around $14.90B and $5.24B in sales. Current P/E ratio is 20.38 and Fwd P/E is 18.01. Profit margin for the company is 13.96%. Distance from 52-week low is 45.32% and -0.36% from its 52-week high. The company has generated returns on investments over the last 12 months (3.54%).
The EPS is expected to grow by 8.05% this year
902.0 institutions hold shares in NiSource Inc (NI), with institutional investors hold 99.15% of the company’s shares. The shares outstanding are 448.51M, and float is at 447.43M with Short Float at 3.65%. Institutions hold 99.01% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 55.64 million shares valued at $1.6 billion. The investor’s holdings represent 12.4228 of the NI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 42.9 million shares valued at $1.24 billion to account for 9.5776 of the shares outstanding. The other top investors are STATE STREET CORP which holds 21.44 million shares representing 4.7876 and valued at over $617.8 million, while DEUTSCHE BANK AG holds 4.0082 of the shares totaling 17.95 million with a market value of $517.21 million.
NiSource Inc (NI) Insider Activity
The most recent transaction is an insider sale by Anderson Shawn, the company’s EVP & CFO. SEC filings show that Anderson Shawn sold 6,730 shares of the company’s common stock on Aug 21 ’24 at a price of $32.24 per share for a total of $0.22 million. Following the sale, the insider now owns 0.17 million shares.
NiSource Inc disclosed in a document filed with the SEC on Aug 19 ’24 that Jefferson William Jr. (EVP, Chief Op & Safety Officer) sold a total of 4,364 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $32.07 per share for $0.14 million. Following the transaction, the insider now directly holds 33129.0 shares of the NI stock.
Still, SEC filings show that on Aug 21 ’24, Anderson Shawn (Officer) Proposed Sale 6,730 shares at an average price of $32.24 for $0.22 million. The insider now directly holds shares of NiSource Inc (NI).
