Nisource Inc. (NI) showcased a strong first quarter in 2024, exceeding earnings estimates while missing revenue estimates. The company continues to receive a favorable rating from analysts, attesting to its excellent performance and potential for investors. Several financial firms, including
Victory Capital Management, Kestra Private Wealth Services, Russell Investments Group, and
Sapient Capital, expanded their holdings in NiSource. Major strategic investments and a steady EPS of
US$0.77 is attributed to its robust achievement. The company's share price rose to a new 1-year high at
$29.05, demonstrating its resilience in the market. Moreover, forecasts predict NiSource's continued growth, supported by its earnings outperformance and strategic SWOT insights. NiSource's commitment to dividend payments provides investors with confidence, while looking to the future with a two-year
$900 million At-The-Market (ATM) equity issuance program and announcing several leadership changes within their subsidiaries. Despite these positives, the company underperformed in its Full Year 2023 earnings and second quarter 2023"s results, signaling areas for improvement.
Nisource NI News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Thu, 09 May 2024 19:06:35 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -2
