Summary
NiSource Inc. (NI) shows strong technical indicators with 100% buy signals, a 45.99% gain in the last year, and a 2.77% dividend.
The company operates as a regulated gas and electric utility, serving millions of customers across multiple states with diverse energy generation sources.
Analysts have mixed ratings, with 14 strong buy opinions and price targets between $35 and $41, while some rate it as a hold.
Revenue and earnings are expected to grow, supported by infrastructure investments and regulatory outcomes.
The Chart of the Day belongs to the regulated gas and electric company NiSource (NI) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10/15 the stock gained 10.90%.
NI Price vs Daily Moving Averages:
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County, Indiana; and solar generating units in Jasper County and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 53.07 Weighted Alpha
- 45.99% gain in the last year plus a 2.77% dividend
- Trend Seeker buy signal
- .51 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 9.85% in the last month
- Relative Strength Index 75.03%
- Technical support level at $38.12
- Recently traded at $38.25 with 50 day moving average of $35.28
Fundamental Factors:
- Market Cap $17.85 billion
- Revenue expected to grow 5.17% this year and another 5.56% next year
- Earnings are estimated to increase by 8.40% this year and another 6.99% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 14 strong buy opinions on the stock
- Analysts' price targets are between $35 and $41
- Value Line give the stock its below average rating of 2 and comments:"NiSource posted a better third quarter profit than we expected. The earnings figure was steady versus both the year before and the prior quarter."
- CFRAs MarketScope rates the stock a hold and comments:"We expect margin growth from higher customer rates, returns on infrastructure investments, and operations and maintenance cost-saving measures."
- MorningStar gives the stock its below average rating of 2 with a Fair Value of $35 and comments:"Capital investments and constructive regulatory outcomes continue to support our 7% annual long-term earnings growth outlook. Our 2025 EPS estimate is at the high end of management's $1.84-$1.88 guidance range. Constructive regulatory developments in Pennsylvania, Kentucky, and Indiana should lead to revenue increases in 2025, supporting our growth outlook."
- 9,500 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
