NiSource (NI) recently reported positive Q2 earnings, surpassing estimates whilst underachieving on revenues. Analysts consider the firm a solid growth stock, pointing to long term trends and strength in the rate of capital efficiency return (ROCE). Strategic investments and cost management are key factors in NiSource's consistent performance.
Tidal Investments LLC,
Mather Group LLC, and
DekaBank Deutsche Girozentrale recently increased their positions in NiSource, although both
Simplicity Wealth LLC and Teachers Retirement System of The State of Kentucky reduced their stock holdings. Several analysts raised the company's target price: from $33 to $35 at Wells Fargo, and to $34 at Evercore ISI. Brokerages have a general consensus to 'Buy' NiSource stock. Its stock rose due to Q4 earnings, despite lagging behind the market in previous sessions. The company issued FY 2024 earnings guidance and plans to declare a quarterly dividend. Leadership changes have been announced in Indiana, Ohio, and the company's subsidiaries.
NIPSOCO is set to implement newly approved gas rates starting in August 2024 and the minority equity interest transaction has recently been completed. NiSource's stock hit a 52-week high amid growth.
Nisource NI News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 08:56:39 GMT -
Rating 7
- Innovation 2
- Information 7
- Rumor 4
