NiSource stock: buy or sell?

NI stock price: $29.13 -0.99% At close on July 16th, 2019

Updated on:
July 16th, 2019

5

The gas and electricity provider declined a disappointing -0.99% and closed at $29.13.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean NI will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
Is NI a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-4-8Goldman Sachs GroupNeutralBuy
2019-4-22Bank of AmericaBuyNeutral
2019-2-5KeyCorpn/aBuy
2019-1-7GuggenheimNeutralBuy

NiSource stock analysis

Daily outlook

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.

NI stock chart (daily)

Weekly outlook

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%).

NI stock chart (weekly)

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 $28.80

Nobody 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:
NI stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-4-8Goldman Sachs GroupUpgrades$26.00$29.0011.5%
2019-2-5KeyCorpReiteratesn/a$28.50-
(in average)$26.00$28.8011.0%
Moving in a range from $29.00 and $28.50, the price target for NI stock is $28.80. In average, analysts' outlook on NI price forecast is positive, improving the forecast by a 11.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
NI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-200.320.333.1%
2018-Q12018-05-020.770.770.0%
2018-Q22018-08-010.090.07-22.2%
2018-Q32018-11-010.060.166.7%
2018-Q42019-02-200.370.382.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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%.

NI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$5,660 M-$491 M8.7%-
2014$6,471 M14.32%$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 M8.51%$129 M2.6%-61.24%
2018$5,115 M4.92%$-50.60 M-1.0%-139.38%

Quarterly financial results

NiSource 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%.
NI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$991 M-$-44.30 M-4.5%-
2017-Q3$917 M-7.44%$14.00 M1.5%-131.60%
2017-Q4$1,368 M49.21%$-52.40 M-3.8%-474.29%
2018-Q1$1,751 M27.95%$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$1,462 M63.32%$-11.70 M-0.8%-96.55%
2019-Q1$1,870 M27.92%$218.90 M11.7%-1,970.94%

NiSource ownership

When 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:

NIATOCPKDUKGNE
Market cap$9.8 B$11.9 B$1.5 B$65.1 B$258.8 M
Total shares337.7 M111.4 M16.4 M728.1 M23.1 M
Float shares371.3 M115.7 M15.8 M727.5 M13.1 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 selling0.0%0.0%0.0%0.0%0.0%

NiSource summary

Tuesday, July 16th, 2019
Open$29.31
Close$29.13
Day range$28.96 - $29.41
Previous close$29.42
Session gain-0.99%
Average true range$0.43
50d mov avg$28.60
100d mov avg$28.08
200d mov avg$26.83
Daily patternlb01a
Weekly pattern lt06a

NiSource performance

Stocks 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.
Stock3m6m12m
NINiSource6.47%10.93%15.64%
ATOAtmos Energy8.54%13.42%19.64%
CPKChesapeake Utilit...2.99%7.55%12.18%
DUKDuke Energy1.36%6.66%15.75%
GNEGenie Energy35.02%29.26%91.79%
SRE10.07%25.45%25.71%

NiSource competitors

We 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