In the latest trading session,, 1.98 million NiSource Inc (NYSE:NI) shares changed hands as the company’s beta touched 0.50. With the company’s most recent per share price at $33.60 changing hands around $0.15 or 0.45% at last look, the market valuation stands at $15.07B. NI’s last price was a premium, traded about 0.12% off its 52-week high of $33.56. The share price had its 52-week low at $22.86, which suggests the last value was 31.96% up since then. When we look at NiSource Inc’s average trading volume, we note the 10-day average is 4.53 million shares, with the 3-month average coming to 4.12 million.

Analysts gave the NiSource Inc (NI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended NI as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. NiSource Inc’s EPS for the current quarter is expected to be 0.17.

NiSource Inc (NYSE:NI) trade information

Instantly NI is in green as seen in intraday trades today. With action 1.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 26.55%, with the 5-day performance at 1.24% in the green. However, in the 30-day time frame, NiSource Inc (NYSE:NI) is 7.18% up. Looking at the short shares, we see there were 16.34 million shares sold at short interest cover period of 4.3 days.

The consensus price target for the stock as assigned by Wall Street analysts is 34, meaning bulls need an upside of 1.18% from its recent market value. According to analyst projections, NI’s forecast low is 32 with 35 as the target high. To hit the forecast high, the stock’s price needs a -4.17% plunge from its current level, while the stock would need to tank 4.76% for it to hit the projected low.

NiSource Inc (NI) estimates and forecasts

Data shows that the NiSource Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.08% over the past 6 months, a 7.50% in annual growth rate that is considerably higher than the industry average of 6.00%. Year-over-year growth is forecast to reach 11.00% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.18B. 2 analysts are of the opinion that NiSource Inc’s revenue for the current quarter will be 1.53B. The estimates for the next quarter sales put growth at 7.30%.

The 2024 estimates are for NiSource Inc earnings to increase by 8.05%, but the outlook for the next 5-year period is at 7.50% per year.

NI Dividends

NiSource Inc is expected to release its next quarterly earnings report on 2024-Oct-30. The 3.11% annual yield figure for the share gives it an annual dividend of 1.04. It is important to note, however, that the 3.11% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.43 per year.

NiSource Inc (NYSE:NI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.14% of NiSource Inc shares while 99.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.17%. There are 99.03% institutions holding the NiSource Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.4228% of the shares, roughly 55.64 million NI shares worth $1.6 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.5776% or 42.9 million shares worth $1.24 billion as of 2024-06-30.