NiSource Inc. (NYSE:NI) has a beta of 0.31, a 12-month trailing P/E ratio of 70.94, and a growth ratio of 20.18. The stock’s Relative Strength Index (RSI) is 55.12, with weekly volatility at 2.27% and ATR at 0.49. The NI stock’s 52-week price range has touched low of $21.09 and a $26.60 high. Its shares traded lower over the last trading session, losing -0.04% on 05/14/21. The shares fell to a low of $25.735 before closing at $25.75. Intraday shares traded counted 2.2 million, which was 51.24% higher than its 30-day average trading volume of 4.52M. NI’s previous close was $25.76 while the outstanding shares total 392.70M.
Investors have identified the Utilities – Regulated Gas company NiSource Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.10 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NiSource Inc. (NI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NI, the company has in raw cash 96.7 million on their books with 564.4 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.59 billion total, with 2.26 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.41 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NI sounds very interesting.
Is the stock of NI attractive?
In related news, SVP, Utility Transformation, Creekmur Daniel A sold 2,308 shares of the company’s stock in a transaction that recorded on May 12. The sale was performed at an average price of 25.80, for a total value of 59,535. As the sale deal closes, the SVP and President, NIPSCO, Hooper Michael now sold 5,000 shares of the company’s stock, valued at 111,157. Also, EVP, COO & President Utilities, Vegas Pablo sold 5,616 shares of the company’s stock in a deal that was recorded on Mar 01. The shares were price at an average price of 21.84 per share, with a total market value of 122,653. Following this completion of acquisition, the SVP & Chief Strategy & Risk, Anderson Shawn now holds 550 shares of the company’s stock, valued at 13,514. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
10 out of 14 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on NiSource Inc.. 0 analysts has assigned a Sell rating on the NI stock. The 12-month mean consensus price target for the company’s shares has been set at $27.18.