How to Buy Nisource Stock
Nisource Inc
Nisource is a gas company located in Indiana, United States, which is part of the Utilities sector, and is traded under the ticker NI on the NYSE exchange.
Nisource stock last closed at $36.73, up 1.07% from the previous day, and has increased 39.76% in one year. It has overperformed other stocks in the Utilities - Regulated Gas industry by 0.27 percentage points. Nisource stock is currently +48.13% from its 52-week low of $24.80, and -4.73% from its 52-week high of $38.56.
There are currently 466.78M shares of NI outstanding. The market capitalization of NI is $17.14B. In the last 24 hours, 2.05M NI shares were traded.
How to Buy Nisource Stock
Wondering how to invest in Nisource stock? Here's how.
- Decide where to buy Nisource stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Nisource stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Nisource stock: The Nisource ticker symbol is NI. Is Nisource stock a good investment? Should you buy shares of NI? How do NI's underlying business fundamentals look? Do top analysts think Nisource is a good buy? Why has NI's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if NI is a good stock to buy).
- Execute your NI purchase: Decide if you will purchase NI shares at the current market price or use a limit order to buy NI shares at a given price.
- Keep tabs on your NI position: Create a watchlist to monitor your position in Nisource stock.
Step 1: Decide where to buy Nisource stock
You need an online brokerage account in order to access the NYSE market and buy NI shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you can invest in NI today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on stock market app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Analyze Nisource stock
After you have identified the best place to buy Nisource stock, it's important to analyze their stock prior to investing, so you can understand the risk as well as the upside.
Nisource shares quick numbers
Nisource Overview
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on NI's stock page.
Is NI stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge NI's true value.
Using relative valuations metrics:
- NI may be overvalued based on its P/E ratio of 21.73x, relative to Utilities - Regulated Gas industry P/E ratio of 18.73x
- NI may be overvalued based on its P/B ratio of 2.05x, relative to Utilities - Regulated Gas industry P/B ratio of 1.96x
- NI may be overvalued based on its PEG ratio of 2.44x
You can access additional valuation research on NI's stock here.
NI Financial Health Overview
Passed Health Checks:
- Total NI debt is lower than 5 years ago, relative to shareholder equity.
- NI profit margin has gone up from 11.5% to 14% in the past year.
Failed Health Checks:
- There are more short-term liabilities than short-term assets on the NI balance sheet.
- NI has $158.80M in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.45B.
- There are more long-term liabilities than short-term assets on the NI balance sheet.
- NI has a relatively high debt to equity ratio of 2.46.
- NI has cash burn of 1452100000. It does not have enough cash and short-term investments to cover this.
Is Nisource stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Equities analysts who track NI, the consensus analyst rating on Nisource is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest NI Analyst Ratings
Ross Fowler, a top 24% analyst from Bank of America reinstates NI with a strong buy rating and announces their NI price target of $37.00, on Sep 12, 2024.
James Thalacker, a top 6% analyst from BMO Capital maintains NI with a buy rating and raises their NI price target from $34.00 to $36.00, on Sep 12, 2024.
Durgesh Chopra, a top 14% analyst from Evercore ISI Group maintains NI with a buy rating and raises their NI price target from $32.00 to $34.00, on Aug 8, 2024.
You can dive deeper into what analysts are forecasting on the Nisource stock forecast page.
NI Technical Indicators
NI Performance Metrics
Last year, NI earnings were $741.40M. During the last 5 year, NI's earnings have gone up by 6.39% per year. This was slower than the Utilities - Regulated Gas industry average of 12.25%.
Last year, NI revenue was $5.29B. During the last 5 year, NI's revenue has gone up by 0.06% per year. This was slower than the Utilities - Regulated Gas industry average of 9.42%.
You can research NI's earnings and revenue performance here.
What are NI insiders up to?
In the last year, insiders at NI have bought more shares than they have sold.
Shawn Anderson, EVP CFO of NI, was the latest NI insider to sell. They sold $216,975.20 worth of NI shares on Aug 21, 2024.
Get more info about who owns NI shares here.
Can I rely on NI as an income stream?
Nisource pays a dividend of 2.89%, compared to the Utilities - Regulated Gas industry's average dividend yield of 3.63%. If you owned $1,000 worth of NI stock, you would have received $28.86 last year.
Nisource dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Nisource dividend yield and history here.
NI Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your NI purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Click the Open button and eToro will place your order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your NI position
Now that you own some shares in NI, you'll want to keep up with your stock purchase.
Make a watchlist to monitor your NI stock.
NI Feed
How to Buy Stock in Nisource
To reiterate, here are the 6 steps for buying Nisource stock:
- Decide where to buy Nisource stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Nisource stock
- Execute your NI purchase
- Keep tabs on your NI position
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Nisource, create a watchlist on WallStreetZen today.
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