During the last session, NiSource Inc (NYSE:NI)’s traded shares were 9.6 million, with the beta value of the company hitting 0.50. At the end of the trading day, the stock’s price was $33.06, reflecting an intraday gain of 0.73% or $0.24. The 52-week high for the NI share is $33.10, that puts it down -0.12 from that peak though still a striking 30.85% gain since the share price plummeted to a 52-week low of $22.86. The company’s market capitalization is $14.83B, and the average intraday trading volume over the past 10 days was 4.38 million shares, and the average trade volume was 4.17 million shares over the past three months.
NiSource Inc (NI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. NI has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.17.
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NiSource Inc (NYSE:NI) trade information
NiSource Inc (NI) registered a 0.73% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.73% in intraday trading to $33.06, hitting a weekly high. The stock’s 5-day price performance is 1.35%, and it has moved by 4.09% in 30 days. Based on these gigs, the overall price performance for the year is 23.59%. The short interest in NiSource Inc (NYSE:NI) is 16.34 million shares and it means that shorts have 4.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $34, which implies an increase of 2.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $35 respectively. As a result, NI is trading at a discount of -5.87% off the target high and 3.21% off the low.
NiSource Inc (NI) estimates and forecasts
Statistics show that NiSource Inc has outperformed its competitors in share price, compared to the industry in which it operates. NiSource Inc (NI) shares have gone up 26.52% during the last six months, with a year-to-date growth rate more than the industry average at 7.50% against 6.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -10.50% this quarter and then jump 3.80% in the quarter after that. In the rating firms’ projections, revenue will increase 11.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.18B as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.53B by the end of current fiscal year.
While earnings are projected to return 8.05% in 2024, the next five years will return 7.50% per annum.
NI Dividends
NiSource Inc is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for NiSource Inc is 1.04, with the dividend yield indicating at 3.16 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.42%.
NiSource Inc (NYSE:NI)’s Major holders
NiSource Inc insiders own 0.14% of total outstanding shares while institutional holders control 99.02%, with the float percentage being 99.16%. VANGUARD GROUP INC is the largest shareholder of the company, while 900.0 institutions own stock in it. As of 2024-06-30, the company held over 55.64 million shares (or 12.4228% of all shares), a total value of $1.6 billion in shares.
The next largest institutional holding, with 42.9 million shares, is of BLACKROCK INC.’s that is approximately 9.5776% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.24 billion.
