AQR Capital Management and Dimensional Fund Advisors have significantly increased their positions in NiSource Inc. (NYSE:NI), while Decade Renewable Partners and Public Sector Pension Investment Board have reduced their holdings. NI has shown encouraging returns on capital and outperformed competitors, making it attractive to 'Trend Investing'. The stock has appreciated 7.6% since the last earnings report and initiated a possible sustainable upward trend. Financial analysts have predominantly given NiSource a 'Buy' rating. Q2 earnings surpassed estimates, revenues however missed. The company’s strategic investments and cost management bolster its profit growth. An insider sale transpired with EVP & President NI Utilities Melody Birmingham offloading 7,151 shares. NiSource has demonstrated commitment to sustainability with its 2024 ESG report, and is also making strategic changes in its Ohio and Indiana subsidiaries. The company completed a NIPSCO minority equity interest transaction and announced the anticipated retirement of several executives. Lastly, NiSource has assisted COVID-19 relief efforts via a $1 million donation from their charitable foundation.
Nisource NI News Analytics from Thu, 14 Jul 2016 21:38:11 GMT to Sun, 29 Sep 2024 08:47:35 GMT -
Rating 6
- Innovation -2
- Information 8
- Rumor -4
