Let’s look at the key reasons that are pushing NiSource Inc (NI) to new highs

On Friday, NiSource Inc (NYSE: NI) was -0.37% drop from the session before settling in for the closing price of $37.85. A 52-week range for NI has been $24.80 – $37.94.

Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 1.98%. When this article was written, the company’s average yearly earnings per share was at 8.40%. With a float of $465.65 million, this company’s outstanding shares have now reached $466.78 million.

Considering the fact that the conglomerate employs 7411 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 53.25%, operating margin of 26.58%, and the pretax margin is 17.73%.

NiSource Inc (NI) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward NiSource Inc stocks. The insider ownership of NiSource Inc is 0.24%, while institutional ownership is 95.95%. The most recent insider transaction that took place on Aug 21 ’24, was worth 216,975. In this transaction EVP & CFO of this company sold 6,730 shares at a rate of $32.24, taking the stock ownership to the 165,281 shares. Before that another transaction happened on Aug 19 ’24, when Company’s EVP, Chief Op & Safety Officer sold 4,364 for $32.07, making the entire transaction worth $139,953. This insider now owns 33,129 shares in total.

NiSource Inc (NI) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.53 earnings per share (EPS) during the time that was better than consensus figure (set at 0.52) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.40% per share during the next fiscal year.

NiSource Inc (NYSE: NI) Trading Performance Indicators

You can see what NiSource Inc (NI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.32.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.65, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 1.86 in one year’s time.

Technical Analysis of NiSource Inc (NI)

Compared to the last year’s volume of 4.05 million, its volume of 3.6 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 92.88%. Additionally, its Average True Range was 0.57.

During the past 100 days, NiSource Inc’s (NI) raw stochastic average was set at 96.27%, which indicates a significant increase from 89.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.80% in the past 14 days, which was lower than the 14.97% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $35.05, while its 200-day Moving Average is $30.47. Nevertheless, the first resistance level for the watch stands at $37.98 in the near term. At $38.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.43. If the price goes on to break the first support level at $37.53, it is likely to go to the next support level at $37.35. Now, if the price goes above the second support level, the third support stands at $37.08.

NiSource Inc (NYSE: NI) Key Stats

There are 466,779K outstanding shares of the company, which has a market capitalization of 17.54 billion. As of now, sales total 5,505 M while income totals 714,300 K. Its latest quarter income was 1,076 M while its last quarter net income were 85,700 K.