William Jefferson, EVP, Chief Operating & Safety Officer of NiSource Inc (NYSE:NI), sold 4,364 shares of the company’s stock on August 19, 2024. The transaction was reported in a recent SEC filing. Following this transaction, the insider now owns 33,129 shares of NiSource Inc.
NiSource Inc. is a regulated utility company engaged in natural gas transportation, storage and distribution and electric generation, transmission and distribution, serving millions of customers in multiple states.
Over the past year, William Jefferson has sold a total of 4,364 shares and has not purchased any shares of the company. NiSource Inc.’s insider transaction history shows a pattern of more sales than purchases among insiders, with 1 insider purchase and 7 insider sales over the past year.
On the day of the recent transaction, NiSource Inc. shares were trading at $32.07. This price gives the company a market capitalization of approximately $14.50 billion. The stock’s price-to-earnings ratio is 19.83, which is higher than the industry average of 15.02.
According to GF Value, NiSource Inc.’s intrinsic value is estimated at $26.17 per share, making the stock slightly overvalued with a price-to-value ratio of 1.23.
The GF Value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analyst estimates of future business performance.
Investors and shareholders of NiSource Inc. could find this insight into recent insider transactions and valuation metrics helpful in making informed decisions regarding their investments in the company.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
