Valeo Financial Advisors LLC Acquires Stake in NiSource Inc. (NYSE:NI); Senior Vice President Sells Stake

Financial Advisors

May 17, 2023 – Valeo Financial Advisors LLC has reported that it purchased new shares of NiSource Inc. (NYSE:NI) during the fourth quarter of last year. The company disclosed the recent acquisition Monday in a filing with the Securities and Exchange Commission. Valeo bought 8,091 shares of utility company stock at an estimated value of $222,000, according to the report.

In other NiSource news, senior vice president Kimberly S. Cuccia reportedly sold more than 11,000 shares in the company earlier this month. The deal she executed on May 8 at an average price of $28.54, bringing the total to her $318,420.78. After the sale, Cuccia now owns approximately 20,329 shares of her NiSource stock worth approximately $580,189.66.

NiSource, which is currently trading at $27.54 per share after Wednesday morning’s open, has a market capitalization of $11.38 billion and a beta coefficient of 0.47. The current ratio is 0.60, the current account ratio is 0.50, and the debt-to-equity ratio is 1:59.

NiSource’s earnings per share (EPS) remained steady at around 18.73, with EPS guidance currently pointing to a P/E of around 2:64.

The company also maintains 50-day and 200-day simple moving averages ranging from $28 to $27 per share, respectively, over the period.

Further back in time, it rises from a one-year low ($23:78) reached within the past year, eventually reaching a ceiling and then rising again toward a new all-time high. Interesting facts about related NI trends come to light. Insiders own less than 0.5 percent of his NiSource stake, but there is still plenty of time for others to get involved.


Updated: 2023/05/17

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Institutional Investors and Hedge Funds Adjust Ownership Structure of NiSource Inc.

Indiana-based utility company NiSource Inc. (NYSE:NI) recently experienced a change in its ownership structure as institutional investors and hedge funds adjusted their positions in the company. Benjamin F. Edwards & Company Inc. increased his NiSource holdings by 67.7% in the fourth quarter of 2022 and purchased an additional 434 of his shares during the quarter, bringing the total number of shares to 1,075. Equity, valued at $29,000. Meanwhile, Boyd Watterson Asset Management LLC Ohio purchased $30,000 worth of new shares in the company during the same period.

Other institutional investors, such as Romano Brothers & Co. and Eversource Wealth Advisors LLC, have also acquired stakes in Nisource shares, based on last quarter’s growth forecasts by financial analysts across various equity market platforms. ing. For example, Achmea Investment Management BV invested his $33,000 in NiSource this year alone.

NiSource itself has been the focus of extensive analysis in recent years in research analyst reports on its financial outlook for investments and earnings. began reporting NiSource with a ‘Hold’ rating earlier this year, but other stock market pundits, including BMO Capital Markets, expect further growth in NI stock and set NiSource’s target price from $30.00 to $31.00. “Outperform” rating for the company’s stock.

San Francisco-based senior vice president Kimberly S. Kutcha sold more than 11,000 shares of NiSource stock last month for more than $318,000. However, this represents only about 0.24% of her NI stock market capitalization, demonstrating her confidence in NI’s future investment potential despite intense competition in an ever-changing market. is showing.

NiSource finally announced earnings for the quarter ending May 3, in which it matched consensus expectations with revenue of $1.97 billion, well above analyst estimates of $1.94 billion during the same period. It reached an upward trajectory with a below-expected EPS (earnings) of $0.77. If NI’s stock market valuation hits its forecast, average EPS forecast for the second quarter of 2023 is projected to reach his $1.57.

NiSource recently announced that it will also pay its quarterly dividend to shareholders on May 19th. The company plans to pay a dividend of $0.25 to its individual shareholders of record on April 28, demonstrating continued growth in its growth prospects, as well as the stability of NiSource’s financial and operational management capabilities and growth globally. It rewards long-term investors who are confident in the opportunity. The global utilities sector is now highly competitive on all fronts due to pandemic uncertainty, earning a ‘moderate buy’ rating from analysts, with an average consensus target of The stock is valued at around $29.17 per share and will be valued based on expected future earnings performance. 2023.

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