In yesterday’s Wall Street session, NiSource Inc (NYSE:NI) shares traded at $29.02, up 0.66% from the previous session.
NI stock price is now 2.41% away from the 50-day moving average and 8.68% away from the 200-day moving average. The market capitalization of the company currently stands at $13.01B.
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With the price target of $28, Barclays recently initiated with Overweight rating for NiSource Inc (NYSE: NI). On October 06, 2023, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘UBS’ rates the stock as ‘Buy’
In other news, Berman Melanie B., CHRO & SVP Administration sold 3,742 shares of the company’s stock on May 30 ’24. The stock was sold for $104,638 at an average price of $27.96. Upon completion of the transaction, the CHRO & SVP Administration now directly owns 19,978 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, VP & Chief Accounting Officer Gode Gunnar sold 950 shares of the business’s stock. A total of $25,133 was realized by selling the stock at an average price of $26.46. This leaves the insider owning 28,526 shares of the company worth $0.83 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, NiSource Inc has had a low of $22.86 and a high of $29.44. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 0.66, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $27777521664, which is based on a 18.97 price-to-earnings ratio, a 2.56 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for NI is $28.3816 and a two-hundred day moving average price translates $26.71215 for the stock.
The latest earnings results from NiSource Inc (NYSE: NI) was released for 2024-03-31. The net profit margin was 13.08% and return on equity was 9.58% for NI. The company reported revenue of $1.71 billion for the quarter, compared to $1.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.21 percent.
