Growth Story Still Intact For NiSource Inc (NI)

NiSource Inc (NI) concluded trading on Wednesday at a closing price of $37.25, with 4.73 million shares of worth about $176.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.66% during that period and on December 04, 2024 the price saw a gain of about 0.51%. Currently the company’s common shares owned by public are about 466.71M shares, out of which, 465.65M shares are available for trading.

Stock saw a price change of -2.61% in past 5 days and over the past one month there was a price change of 7.23%. Year-to-date (YTD), NI shares are showing a performance of 40.30% which increased to 40.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.80 but also hit the highest price of $38.56 during that period. The average intraday trading volume for NiSource Inc shares is 3.40 million. The stock is currently trading 0.93% above its 20-day simple moving average (SMA20), while that difference is up 4.79% for SMA50 and it goes to 20.57% higher than SMA200.

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NiSource Inc (NYSE: NI) currently have 466.71M outstanding shares and institutions hold larger chunk of about 96.07% of that.

The stock has a current market capitalization of $17.39B and its 3Y-monthly beta is at 0.53. PE ratio of stock for trailing 12 months is 22.63, while it has posted earnings per share of $1.65 in the same period. Its PEG reads 2.85 and has Quick Ratio of 0.35 while making debt-to-equity ratio of 1.63. 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 1.42% while standing at 1.54% over the month.

Stock’s fiscal year EPS is expected to rise by 8.40% while it is estimated to increase by 6.99% 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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