TradingView News: Gas and Electric Combined
Editorial StaffThe Facts -
- NiSource Inc. shows 100% buy signals with a 45.99% gain last year.
- Company serves millions with diverse energy sources in multiple states.
- Analysts have mixed ratings, with price targets between $35 and $41.
NiSource Inc. Stock Shows Strong Buy Signals
NiSource Inc. (NI) is gaining attention for its robust technical indicators, boasting 100% buy signals, a 45.99% gain over the last year, and a 2.77% dividend. As a major regulated gas and electric utility, NiSource serves millions across several states through diverse energy sources.
Analysts offer mixed reviews, with 14 strong buy ratings and price targets ranging from $35 to $41. Some analysts suggest holding the stock. Revenue and earnings are projected to grow, driven by infrastructure investments and regulatory outcomes.
The Barchart Opinion Trading systems highlight the following:
- 100% technical buy signals
- 53.07 Weighted Alpha
- 45.99% annual gain with a 2.77% dividend
- Trend Seeker buy signal
- Above 20, 50, and 100-day moving averages
- 18 new highs and up 9.85% last month
- RSI 75.03%
- Technical support level at $38.12
- Latest trade at $38.25 with a 50-day moving average of $35.28
NiSource Inc., with a market cap of $17.85 billion, operates in the United States. It has two segments: Gas Distribution Operations and Electric Operations, serving approximately 3.3 million gas customers and 0.5 million electric customers. The company owns various generating stations, including coal-fired, gas turbine, hydro, wind, and solar units.
Fundamental factors indicate revenue growth of 5.17% this year and 5.56% next year, with earnings growth forecasted at 8.40% this year and 6.99% next year.
Analysts and Investor Sentiments:
- 14 strong buy opinions from Wall Street
- Price targets between $35 and $41
- Value Line rates it below average with a rating of 2
- CFRA's MarketScope rates it a hold
- MorningStar offers a below-average rating of 2 with a $35 Fair Value
- 9,500 investors track the stock on Seeking Alpha
The Barchart Chart of the Day features stocks with significant price appreciation, not intended as buy recommendations due to their volatility. Investors should follow a disciplined investment strategy and regularly evaluate stop losses.
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