NiSource, Inc (NYSE:NI - Get Free Report) CFO Shawn Anderson sold 6,500 shares of the company's stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $45.58, for a total transaction of $296,270.00. Following the completion of the transaction, the chief financial officer directly owned 153,580 shares in the company, valued at approximately $7,000,176.40. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Shawn Anderson also recently made the following trade(s):
- On Friday, October 30th, Shawn Anderson sold 6,500 shares of NiSource stock. The shares were sold at an average price of $45.00, for a total value of $292,500.00.
NiSource Price Performance
NYSE:NI opened at $45.04 on Tuesday. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 3.36 and a beta of 0.53. NiSource, Inc has a 52-week low of $38.42 and a 52-week high of $49.21. The stock has a fifty day moving average of $41.68 and a 200 day moving average of $44.87. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.38 and a current ratio of 0.50.
NiSource (NYSE:NI - Get Free Report) last announced its earnings results on Wednesday, October 28th. The utilities provider reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. NiSource had a return on equity of 8.16% and a net margin of 13.56%. During the same period in the prior year, the company earned $0.19 EPS. On average, research analysts expect that NiSource, Inc will post 2.06 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. HSBC started coverage on NiSource in a report on Thursday, October 22nd. They set a "buy" rating and a $49.50 price objective for the company. Citigroup reaffirmed a "buy" rating on shares of NiSource in a research note on Wednesday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of NiSource from $52.00 to $51.00 and set an "overweight" rating for the company in a research report on Tuesday, October 20th. LADENBURG THALM/SH SH cut their price target on shares of NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Finally, KeyCorp decreased their price target on shares of NiSource from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $48.58.
Check Out Our Latest Report on NI
Hedge Funds Weigh In On NiSource
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in NiSource in the second quarter worth $2,613,234,000. Deutsche Bank AG purchased a new stake in NiSource during the second quarter valued at about $574,295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NiSource by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,381,989 shares of the utilities provider's stock valued at $208,364,000 after buying an additional 183,321 shares during the last quarter. Legal & General Group Plc bought a new position in shares of NiSource during the second quarter valued at about $179,838,000. Finally, BROOKFIELD Corp ON grew its stake in shares of NiSource by 154.7% during the first quarter. BROOKFIELD Corp ON now owns 3,680,202 shares of the utilities provider's stock valued at $171,718,000 after buying an additional 2,235,394 shares during the last quarter. Institutional investors own 91.64% of the company's stock.
About NiSource
(
Get Free Report)
NiSource Inc is a regulated energy holding company that delivers natural gas and electricity through its local utility subsidiaries. Its businesses focus on operating and maintaining energy infrastructure and providing service to residential, commercial and industrial customers.
The company's natural gas utilities serve customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana.
NiSource traces its roots to Northern Indiana Public Service Company, established in 1912.
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