NiSource Inc (NYSE:NI) shares traded -0.35% lower at $31.73 on Wall Street last session.
NI stock price is now 6.60% away from the 50-day moving average and 15.44% away from the 200-day moving average. The market capitalization of the company currently stands at $14.23B.
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With the price target of $33, Mizuho recently initiated with Outperform rating for NiSource Inc (NYSE: NI). On January 22, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $28, while ‘Ladenburg Thalmann’ rates the stock as ‘Buy’
In other news, Birmingham Melody, EVP & President NI Utilities sold 7,151 shares of the company’s stock on Aug 13 ’24. The stock was sold for $225,578 at an average price of $31.55. Upon completion of the transaction, the EVP & President NI Utilities now directly owns 41,923 shares in the company, valued at $1.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Officer Birmingham Melody bought 7,151 shares of the business’s stock. A total of $225,578 was incurred on buying the stock at an average price of $31.55. A total of 0.22% 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 $32.38. As of last week, the company has a debt-to-equity ratio of 1.71, a current ratio of 0.78, and a quick ratio of 0.63. According to the stock market information, the enterprise value for the company is $29606952960, which is based on a 19.47 price-to-earnings ratio, a 2.60 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for NI is $29.7646 and a two-hundred day moving average price translates $27.48695 for the stock.
The latest earnings results from NiSource Inc (NYSE: NI) was released for 2024-06-30. The net profit margin was 13.96% and return on equity was 10.23% for NI. The company reported revenue of $1.08 billion for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.49 percent. For the current quarter, analysts expect NI to generate $1.21B in revenue.
