NiSource Inc. has been on the radar of several investment advisory firms, with shares being purchased by
Diversify Advisory Services LLC,
Van ECK Associates Corp, and
First Trust Direct Indexing L.P., among others. However, some entities like
Oak Thistle LLC and
Alaska Permanent Fund Corp have reduced their holdings in the company.
NiSource's Q4 earnings saw a beat on estimates, although revenues lagged, and the company's balance sheet suggests some financial strain.
There have also been significant organizational shifts, notably executive leadership changes within its Indiana and Ohio Subsidiaries, and the departure of Executive VP Donald Brown. NiSource has shown commitment to sustainability as per its 2024 ESG report and achieved international certification for system and safety management practices.
The company completed the Minority Equity Interest Transaction for NIPSCO, its subsidiary, and is also moving ahead with its electric generation transition plan. NiSource recently announced the issuance of $600M notes at 5.2% due 2029 and closed common stock dividends.
In the market performance domain, NiSource's stock, though rising, is still underperforming the market.
Nisource NI News Analytics from Mon, 29 Sep 2014 07:00:00 GMT to Sun, 07 Jul 2024 12:30:19 GMT -
Rating -3
- Innovation -2
- Information 7
- Rumor -6
