Hennessy Advisors Inc. bought a significant batch of 27,500 shares of
NiSource Inc.(NYSE:NI) recently, with other notable purchases by
Thomasville National Bank and Contravisory Investment Management Inc..
Oak Thistle LLC and
Brookstone Capital Management have reduced their holdings in the company. NiSource's upward trend has caught investors' attention, sparking questions regarding its sustainability. The
Czech National Bank and the
Principal Financial Group Inc. have also increased their stock positions in the company. The assure predictability and consistency,
NiSource is identified as a quality dividend stock by analysts. The company successfully earned a spot in the
Dow Jones Sustainability Indices for the 11th year running, highlighting its commitment to sustainable business practices. However, the company's decelerating rate of return has raised concerns among some market players. NiSource's Q3 2024 performance stood out, with strong earnings per share (EPS) guidance and strategic growth plans. Despite promising performance, BNP Paribas Financial Markets trimmed their position in the stock and some insiders sold a substantial amount of their holdings, possibly signaling caution. Excitingly, the company's stock soared to an all-time high of
$36.43 and later reached
$37.96.
Nisource NI News Analytics from Wed, 29 Aug 2012 07:00:00 GMT to Sat, 18 Jan 2025 14:00:22 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
