NiSource stock: buy or sell?
July 16th, 2019
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States.
Should I buy NiSource stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with NiSource stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is NiSource stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we detected 4 ratings published for NI stock in the last month. The general sentiment of these ratings is bullish for NI stock, with 3 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-8||Goldman Sachs Group||Neutral||Buy|
|2019-4-22||Bank of America||Buy||Neutral|
NiSource stock analysis
The gas and electricity provider declined a disappointing -0.99% and closed at $29.13.
The energy holding company shares declined -0.99% to $29.13 today. NI is soaring again after a 1.79% correction from its last top on Wednesday at $29.65. Since Jun/3 when NI stock price broke up the SMA50d line, it gained $1.28 (4.60%). On June 20th, NI hit new all time highs, pushing higher previous ATH of $29.60 recorded on Jun 19th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
NiSource slightly fell a bad -0.72% this week.
The energy holding company stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, NI might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last price record the gas and electricity provider marked by mid June. By mid October 2018 NI price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up by mid December 2018, NI price climbed $2.04 per share (7.53%).
NiSource stock price history
NiSource stock historical price chart
NI stock reached all-time highs on June 20th with a price of $29.75.
NiSource stock price target is $28.80Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 2 price forecasts for NI stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-8||Goldman Sachs Group||Upgrades||$26.00||$29.00||11.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, NiSource presented its financial report, aligned with analysts' consensus and posted a $0.38 Earnings per Share. As soon as we get its posted EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, NiSource annual sales appreciated a good 4.92% to $5,114.50 M USD from $4,874.60 marked in 2017. When comparing 2018 vs 2017, however, profit margin (that is, the net income divided by revenues) decreased a -3.63% to -0.99%.
|2013||$5,660 M||-||$491 M8.7%||-|
|2014||$6,471 M||14.32%||$530 M8.2%||7.96%|
|2015||$4,652 M||-28.11%||$287 M6.2%||-45.94%|
|2016||$4,493 M||-3.42%||$332 M7.4%||15.71%|
|2017||$4,875 M||8.51%||$129 M2.6%||-61.24%|
|2018||$5,115 M||4.92%||$-50.60 M-1.0%||-139.38%|
Quarterly financial resultsNiSource posted $1,461.70 M in sales for 2018-Q4, a 63.32% up compared to previous quarter. Reported quarter income marked $-11.70 million with a profit margin of -0.80%. Profit margin skyrocketed a 37.13% compared to previous quarter when profit margin was -37.93%. When comparing turnover to same quarter last year, NiSource sales marked a more than good growth and jumped a 6.83%.
|2017-Q2||$991 M||-||$-44.30 M-4.5%||-|
|2017-Q3||$917 M||-7.44%||$14.00 M1.5%||-131.60%|
|2017-Q4||$1,368 M||49.21%||$-52.40 M-3.8%||-474.29%|
|2018-Q1||$1,751 M||27.95%||$276.10 M15.8%||-626.91%|
|2018-Q2||$1,007 M||-42.48%||$24.50 M2.4%||-91.13%|
|2018-Q3||$895 M||-11.12%||$-339.50 M-37.9%||-1,485.71%|
|2018-Q4||$1,462 M||63.32%||$-11.70 M-0.8%||-96.55%|
|2019-Q1||$1,870 M||27.92%||$218.90 M11.7%||-1,970.94%|
NiSource ownershipWhen you are planning to invest in shares of a stock, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For NiSource, 0.40% of all outstanding shares are owned by its staff.
Bearish positions for NI stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
|Market cap||$9.8 B||$11.9 B||$1.5 B||$65.1 B||$258.8 M|
|Total shares||337.7 M||111.4 M||16.4 M||728.1 M||23.1 M|
|Float shares||371.3 M||115.7 M||15.8 M||727.5 M||13.1 M|
|- Institutional holdings (%)||95.3%||80.6%||66.9%||61.7%||19.0%|
|- Insider holdings (%)||0.4%||1.1%||4.3%||0.1%||25.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, July 16th, 2019|
|Day range||$28.96 - $29.41|
|Average true range||$0.43|
|50d mov avg||$28.60|
|100d mov avg||$28.08|
|200d mov avg||$26.83|
NiSource performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We chose Atmos Energy, Chesapeake Utilities, Duke Energy, Genie Energy and as the bechmarking frame for NiSource stock.
NiSource competitorsWe selected a few stocks to conform a list of NiSource competitors to examine if you are interested in investing in NI:
Latest NiSource stock news
- InvestorPlace3 Big Stock Charts for Tuesday: Coty, International Paper and NiSourceMay 14, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: NiSource, PulteGroup and Nielsen HoldingsMarch 12, 2019
- InvestorPlace3 Big Stock Charts for Monday: Hasbro, NiSource and Kimco RealtyFebruary 11, 2019