NiSource (NI) share price faced a 10.1% decrease following its latest earnings report and faced further reduction due to actions by Versor Investments LP, yet its Q1 Earnings proclaimed a beat on estimate while revenues faltered. In Q1 of 2024, the company displayed growth strategies with its earnings reporting an adjusted EPS surpassing estimates and recording satisfying results. Stock holding positions for NiSource have experienced fluctuations, with increase by Thompson Siegel & Walmsley LLC, while Reaves W H & Co. Inc and Swiss National Bank lessened their holdings. NiSource displayed resilience in performance as the price target was set to $29.14, and with their impressive quarterly earnings results, the price grew 4.1% post last earnings report and achieved a new one-year high at $29.05. Investment advisement firms are increasing their support of NiSource, and its fair value is under analysis. Despite facing some earnings estimate misses, NiSource maintains its position in the market with leadership changes in Ohio and Indiana subsidiaries and the announcement of a $900 Million At-The-Market (ATM) Equity Issuance Program.
Nisource NI News Analytics from Wed, 02 Aug 2023 07:00:00 GMT to Sun, 12 May 2024 20:15:08 GMT -
Rating -2
- Innovation 2
- Information 8
- Rumor -4
