NiSource Inc (NYSE:NI) has climbed 1.45% in the past week and advanced 6.05% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.66% and the outperformance has advanced to 5.08% for the last 4 weeks period.
NiSource Inc (NYSE:NI): The stock opened at $25.26 on Friday but the bulls could not build on the opening and the stock topped out at $25.37 for the day. The stock traded down to $25.08 during the day, due to lack of any buying support eventually closed down at $25.26 with a loss of -0.36% for the day. The stock had closed at $25.35 on the previous day. The total traded volume was 4,011,264 shares.
The company shares have rallied 33.79% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $25.51 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $24.04 and the 200 Day Moving Average price is recorded at $21.99.
On the companys insider trading activities, Levander Carl W, officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, unloaded 6,000 shares at an average price of $22.39 on March 7, 2016. The total amount of the transaction was worth $134,340, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Evercore ISI Group initiates coverage on NiSource Inc (NYSE:NI). Evercore ISI Group has a Hold rating on the shares. The rating by the firm was issued on April 25, 2016. Currently the company Insiders own 0.32% of NiSource Inc shares according to the proxy statements. Institutional Investors own 83.02% of NiSource Inc shares. During last six month period, the net percent change held by insiders has seen a change of -10.85%.
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 Companys 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.