Washington Trust Bank has purchased an additional 10,819 shares of NiSource, Inc, exapnding its existing investment. NiSource made headlines by launching a $1.5 billion ATM equity offering program and announcing an $1 Billion offering of 5.750% Fixed-to-Fixed Reset Rate Junior Subordinated Notes. Despite missing Q3 earnings estimates, the company managed to complete its $1 billion notes sale. Recent developments have prompted analysts to add NiSource to their watchlists. Wells Fargo has initiated coverage with an Overweight recommendation. NiSource's valuation has been a topic of discussion following its recent CEO retirement announcement. The bank of New York Mellon Corp has sold substantial shares, and the company's valuation and dividend risks have become a point of concern despite 20.7% earnings growth. However, a deal to supply power to data centers via the NIPSCO subsidiary helped NiSource's stock rise. Analysts anticipate a decline in earnings ahead. The intrinsic value of NiSource has been questioned despite bullish sentiments. Several entities including Y Intercept Hong Kong Ltd and Tredje AP fonden have invested in NiSource while others like Machina Capital S.A.S. have reduced their position.
Nisource NI News Analytics from Thu, 08 May 2025 07:00:00 GMT to Sat, 08 Nov 2025 01:37:59 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor -3
