With 2.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.47 million shares. During the session, the Utilities – Regulated Gas company that operates in wider Utilities sector, reached to the highest price of $35.94 whereas the lowest price it dropped to was $35.61. The 52-week range on NI shows that it touched its highest point at $38.56 and its lowest point at $24.80 during that stretch. It currently has a 1-year price target of $38.50. With its current market cap of 16.70 billion, NI has annualized dividend of $1.06 while the current yield stands at 2.96%. Beta for the stock currently stands at 0.54.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NI was down-trending over the past week, with a drop of -2.53%, but this was down by -4.05% over a month. Three-month performance surged to 5.14% while six-month performance rose 23.73%. The stock gained 32.29% in the past year, while it has lost -2.69% so far this year. A look at the trailing 12-month EPS for NI yields 1.65 with Next year EPS estimates of 1.86. For the next quarter, that number is 0.52. This implies an EPS growth rate of 8.42% for this year and 6.99% for next year.
Float and Shares Shorts:
At present, 466.71 million NI shares are outstanding with a float of 465.70 million shares on hand for trading. On 2024-12-13, short shares totaled 8.78 million, which was 188.0 higher than short shares on 1731628800. In addition to Mr. Lloyd M. Yates as the firm’s President, CEO & Director, Mr. Shawn Anderson serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.96613 of NI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NI reported revenue of $1076300000.0 and operating income of $211900000.0. The EBITDA in the recently reported quarter was $484400000.0 and diluted EPS was $0.19.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NI since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NI analysts setting a high price target of 41.0 and a low target of 35.0, the average target price over the next 12 months is 38.11538. Based on these targets, NI could surge 14.62% to reach the target high and fall by -2.15% to reach the target low. Reaching the average price target will result in a growth of 6.56% from current levels.
Analysts have provided yearly estimates in a range of $1.74475 being high and $1.72469 being low. For NI, this leads to a yearly average estimate of $1.73472.
