NiSource (NI) has been achieving substantial growth recently, with sustainable trends indicating promising potential. Investment pros, Raymond James & Associates and Hennion & Walsh Asset Management Inc., have bought more shares of the company. Meanwhile, insiders, like EVPs and President NI Utilities, have sold significant shares, raising $2.2 million. Nevertheless, NI's strong Q2 earnings surpassed estimates, though revenues fell short. Despite a 1.3% drop since its last report, there are expectations of a rebound thanks to strategic investments and cost management. NiSource showed strong profits, signaling a potential masking of underlying issues. NiSource shares reached a new 12-month high at $32.39, inviting more investor attention. NiSources's robust ROCE growth and key technical benchmarks being close are encouraging signs. However, their full year 2023 earnings missed expectations, and stock performance was still underperforming the market. The company's commitment to a sustainable and inclusive future is visible through its ESG report. NiSource also announced leadership changes in its Ohio and Indiana subsidiaries and completed the NIPSCO Minority Equity Interest transaction – likely strategical steps toward better operation. The price target has been raised to $35 at Barclays. The company is part of the S&P Dow Jones Sustainability Indices for the 10th consecutive year reinforcing its good reputation in the market. Further, the future looks promising as FY2026 EPS estimates have been lifted.
Nisource NI News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Sun, 25 Aug 2024 09:35:43 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
