HSBC Holdings PLC and Coldstream Capital Management have both grown their stakes in NiSource, however Aigen Investment Management, Intech Investment Management LLC and BI Asset Management Fondsmaeglerselskab A S have lowered their holdings. NiSource has demonstrated a strong and consistent financial performance recently, matching Q1 earnings estimates and topping Q4 estimates. However, the results showed a lag in revenues. Several strategic changes and a focus on infrastructure upgrade and clean assets has been driving NiSource's growth. NiSource Q1 2024 Earnings showed an adjusted EPS that beat estimates amidst strategic growth initiatives. The company announced decision to postpone remarketing of its Series C Mandatory Convertible Preferred Stock. Leadership changes were announced in Ohio and Indiana Subsidiaries. The share price reached a new 1-year high at $29.44 being somewhat reflected in the company's dividend analysis. NiSource announced a two-year $900 million At-The-Market Equity Issuance Program. The company completed NIPSCO minority equity interest transaction and successfully secured funding agility with equity sales deals. The company also celebrated the named into S&P Dow Jones Sustainability Indices for 10th consecutive year. Following some strain in balance sheet, a revision was done in top Executive's compensation packages.
Nisource NI News Analytics from Fri, 28 Jan 2022 08:00:00 GMT to Thu, 30 May 2024 21:16:19 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 3
