NiSource (NI) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.60 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.57. The company posted revenue of $957.30 million in the period, compared to analysts expectations of $1920.53 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.
Many Wall Street Analysts have commented on NiSource. JP Morgan Downgraded NiSource on Mar 29, 2016 to ” Neutral”, Price Target of the shares are set at $24.
NiSource opened for trading at $22.69 and hit $23.11 on the upside on Monday, eventually ending the session at $22.96, with a gain of 1.10% or 0.25 points. The heightened volatility saw the trading volume jump to 30,54,145 shares. Company has a market cap of $7,341 M.
In a different news, on Mar 8, 2016, Carl W Levander (EVP & Chief Regulatory Officer) sold 6,000 shares at $22.39 per share price. According to the SEC, on Mar 3, 2016, Robert Dale Campbell (EVP, Corporate Affairs & HR) sold 30,000 shares at $21.55 per share price. On Jun 15, 2015, Deborah S Parker (director) sold 3,429 shares at $46.17 per share price, according to the Form-4 filing with the securities and exchange commission.
NiSource Inc. (NiSource) is an energy holding company. The Company through its subsidiaries provides natural gas electricity and other products and services. It is also engaged in the distribution of natural gas. The Company’s business segments include: Gas Distribution Operations which provides natural gas service and transportation services for residential commercial and industrial customers in Ohio Pennsylvania Virginia Kentucky Maryland Indiana and Massachusetts; Columbia Pipeline Group Operations which provides gas transportation and storage services for local distribution companies (LDCs) marketers and industrial and commercial customers located in 16 northeastern mid-Atlantic Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions and Electric Operations which provides electric services in approximately 20 counties in the northern part of Indiana.