NiSource Inc (NYSE: NI) – Not A Clear Buying Opportunity?

NiSource Inc (NI) concluded trading on Thursday at a closing price of $34.18, with 3.71 million shares of worth about $126.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.73% during that period and on September 25, 2024 the price saw a loss of about -0.20%. Currently the company’s common shares owned by public are about 448.51M shares, out of which, 447.43M shares are available for trading.

Stock saw a price change of 0.32% in past 5 days and over the past one month there was a price change of 4.18%. Year-to-date (YTD), NI shares are showing a performance of 28.74% which increased to 28.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.86 but also hit the highest price of $34.56 during that period. The average intraday trading volume for NiSource Inc shares is 4.07 million. The stock is currently trading 1.77% above its 20-day simple moving average (SMA20), while that difference is up 5.87% for SMA50 and it goes to 19.76% higher than SMA200.

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NiSource Inc (NYSE: NI) currently have 448.51M outstanding shares and institutions hold larger chunk of about 98.50% of that.

The stock has a current market capitalization of $15.33B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 20.97, while it has posted earnings per share of $1.63 in the same period. Its PEG reads 2.72 and has Quick Ratio of 0.63 while making debt-to-equity ratio of 1.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NI, volatility over the week remained 1.46% while standing at 1.25% over the month.

Stock’s fiscal year EPS is expected to rise by 8.08% while it is estimated to increase by 6.78% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on September 12, 2024 offering a Buy rating for the stock and assigned a target price of $37 to it. Coverage by Mizuho stated NiSource Inc (NI) stock as an Outperform in their note to investors on July 11, 2024, suggesting a price target of $33 for the stock. On January 22, 2024, Barclays Initiated their recommendations, while on October 06, 2023, Ladenburg Thalmann Initiated their ratings for the stock with a price target of $25. Stock get a Buy rating from UBS on June 06, 2023.

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