NiSource Inc (NYSE: NI) is 39.77% higher on its value in year-to-date trading and has touched a low of $24.80 and a high of $36.81 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 $36.81 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $37.11, the stock is 4.42% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing 0.81% at the moment leaves the stock 22.55% off its SMA200. NI registered 42.29% gain for a year compared to 6-month gain of 27.05%. The firm has a 50-day simple moving average (SMA 50) of $34.741 and a 200-day simple moving average (SMA200) of $30.2228.
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The stock witnessed a 6.24% loss in the last 1 month and extending the period to 3 months gives it a 14.82%, and is 3.23% 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 1.59% over the week and 1.71% over the month.
NiSource Inc (NI) has around 7411 employees, a market worth around $17.32B and $5.29B in sales. Current P/E ratio is 22.55 and Fwd P/E is 20.00. Profit margin for the company is 13.99%. Distance from 52-week low is 49.67% and 0.80% from its 52-week high. The company has generated returns on investments over the last 12 months (3.62%).
with sales reaching $2.52B over the same period.The EPS is expected to grow by 8.40% this year, but quarterly earnings will post 8.64% year-over-year. Quarterly sales are estimated to grow 75.36% in year-over-year returns.
NiSource Inc (NI) Top Institutional Holders
956.0 institutions hold shares in NiSource Inc (NI), with institutional investors hold 96.52% of the company’s shares. The shares outstanding are 466.78M, and float is at 465.65M with Short Float at 1.41%. Institutions hold 96.39% 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).
