NiSource Inc. (NYSE: NI) gather strong recommendations from analysts to 'Buy'. The addition of NiSource stock to portfolio and the firm's recent status as a Top Dividend Stock shows promising performance for investors. However, despite robust growth that shot NI's stock to an all-time high, some potential underlying issues are speculated. NiSource's second quarter earnings have surpassed estimates though its revenues missed the mark. Forecasts from Wells Fargo & Company have increased the price target to $38.00. Investments in NiSource show a 44% gain if made three years ago. NiSource's common stock dividends have been declared and the strength in recent price is expected to continue. Some shares were sold by large stockholders, including Wedge Capital Management, Exchange Traded Concepts LLC, and others. On the other hand, USA Financial Formulas, Thomasville National Bank, and some other entities made new investments, while the firm's balance sheet and returns on capital attract attention. There is ongoing speculation on NiSource's future financial strategies, including possible privatization transactions and acquisitions such as BlackRock's strategic acquisition of NiSource Inc. shares. Leadership changes have been made in the company's subsidiaries in Ohio and Indiana, and new commitments towards sustainability have been pledged in its 2024 ESG report.
Nisource NI News Analytics from Thu, 14 Jul 2016 21:38:11 GMT to Sat, 19 Oct 2024 12:02:00 GMT -
Rating 6
- Innovation 1
- Information 8
- Rumor -2
