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NiSource Inc (NYSE: NI) closed the day trading at $28.73 down -1.31% from the previous closing price of $29.11. In other words, the price has decreased by -$1.31 from its previous closing price. On the day, 3.01 million shares were traded. NI stock price reached its highest trading level at $29.09 during the session, while it also had its lowest trading level at $28.71.
Ratios:
For a better understanding of NI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 1.64 whereas as Long-Term Debt/Eq ratio is at 1.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on January 22, 2024, initiated with a Overweight rating and assigned the stock a target price of $28.
On October 06, 2023, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $25.
UBS Upgraded its Neutral to Buy on June 06, 2023, while the target price for the stock was maintained at $31.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 ’24 when Berman Melanie B. sold 3,742 shares for $27.96 per share. The transaction valued at 104,638 led to the insider holds 19,978 shares of the business.
Gode Gunnar sold 950 shares of NI for $25,133 on Mar 15 ’24. The VP & Chief Accounting Officer now owns 28,526 shares after completing the transaction at $26.46 per share. On Mar 06 ’24, another insider, Brown Donald Eugene, who serves as the EVP & Chief Innovation Officer of the company, sold 37,490 shares for $26.78 each. As a result, the insider received 1,003,982 and left with 195,855 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NI now has a Market Capitalization of 12879802368 and an Enterprise Value of 27647512576. As of this moment, NiSource’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.78, and their Forward P/E ratio for the next fiscal year is 15.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 5.271 whereas that against EBITDA is 12.674.
Stock Price History:
Over the past 52 weeks, NI has reached a high of $29.44, while it has fallen to a 52-week low of $22.86. The 50-Day Moving Average of the stock is 2.45%, while the 200-Day Moving Average is calculated to be 8.12%.
Shares Statistics:
Over the past 3-months, NI traded about 4.27M shares per day on average, while over the past 10 days, NI traded about 4338780 shares per day. A total of 447.38M shares are outstanding, with a floating share count of 446.59M. Insiders hold about 0.38% of the company’s shares, while institutions hold 95.21% stake in the company. Shares short for NI as of 1715731200 were 5682337 with a Short Ratio of 1.33, compared to 1713139200 on 7383317. Therefore, it implies a Short% of Shares Outstanding of 5682337 and a Short% of Float of 1.4400001.
Dividends & Splits
NI’s forward annual dividend rate is 1.03, up from 1.03 a year ago. Against a Trailing Annual Dividend Yield of 0.035383027The stock’s 5-year Average Dividend Yield is 3.39.
