NiSource Inc. (NYSE:NI) has consistently been in the news, attracting varied investor responses. The company has witnessed a series of share purchases and dispositions by different asset management companies. The latest sets of movements indicate the firm is managing to pique the interest of investors, despite periodic underperformances relative to competitors. Buoyed by
strong Q3 2024 results and an all-time high stock price of $35.48, NiSource continues to show robust growth potential. Nevertheless, some concern is expressed regarding its price and use of debt to deliver an
ROE of 8.1%. Mizuho and other financial institutions have initiated coverage or upgraded the outlook for NiSource, recognizing it as a
'Data Centre Darling' and raising its price target. The company also celebrated accolades as multiple brands were named 2024's Most Trusted Utilities Brands. Their outlook for FY25 does meet the consensus, which has created more positive sentiment. However, evident insider selling suggests some uncertainty among top executives. The firm recently completed a minority equity interest transaction with
NIPSCO and announced critical leadership transitions.
Nisource NI News Analytics from Thu, 03 Feb 2022 08:00:00 GMT to Sat, 09 Nov 2024 09:15:46 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -4
