Trade-Ideas LLC identified

NiSource

(

NI

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified NiSource as such a stock due to the following factors:

  • NI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $61.2 million.
  • NI has traded 37,704 shares today.
  • NI is trading at a new lifetime high.

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More details on NI:

NiSource Inc., an energy holding company, provides natural gas, electricity, and other products and services in the United States. The stock currently has a dividend yield of 3%. NI has a PE ratio of 13. Currently there are 5 analysts that rate NiSource a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for NiSource has been 2.6 million shares per day over the past 30 days. NiSource has a market cap of $6.5 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.51 and a short float of 2.5% with 2.79 days to cover. Shares are up 4.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates NiSource as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. The stock's price rise over the last year has driven it to a level which is somewhat expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.1%. Since the same quarter one year prior, revenues slightly dropped by 2.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Multi-Utilities industry and the overall market, NISOURCE INC's return on equity is below that of both the industry average and the S&P 500.
  • NISOURCE INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, NISOURCE INC reported lower earnings of $1.05 versus $1.57 in the prior year. For the next year, the market is expecting a contraction of 9.5% in earnings ($0.95 versus $1.05).
  • The gross profit margin for NISOURCE INC is currently lower than what is desirable, coming in at 29.64%. Regardless of NI's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, NI's net profit margin of -0.59% significantly underperformed when compared to the industry average.

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