Shares of NiSource Inc (NYSE:NI) Sees Large Inflow of Net Money Flow

NiSource Inc (NYSE:NI) witnessed a selling pressure and the shares last traded with a loss of -0.12 points or -0.48% at $24.9. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $16.1 million with an inflow of $24.46 million in upticks and an outflow of $8.36 million in downticks. Using the data, the up/down ratio is found to be 2.93. The share price has recorded 1.8% on a weekly basis.A block trade of $16.2 million in uptick and $0.63 million in downtick was also observed, resulting in an up/down ratio of 25.57. The net money flow of the block trade stood at a $15.57, signaling heavy buying.


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%. On the companys insider trading activities,The officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, Levander Carl W sold 6,000 shares at $22.39 on March 7, 2016. The Insider selling transaction had a total value worth of $134,340. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

NiSource Inc (NYSE:NI) : On Monday heightened volatility was witnessed in NiSource Inc (NYSE:NI) which led to swings in the share price. The stock opened for trading at $24.92 and hit $25.1023 on the upside , eventually ending the session at $24.96, with a gain of 0.24% or 0.06 points. The heightened volatility saw the trading volume jump to 1,667,266 shares. The 52-week high of the share price is $25.14 and the company has a market cap of $8,026 million. The 52-week low of the share price is at $16.035 .

Many analysts have stated their opinion on the company shares. Evercore ISI Group initiates coverage on NiSource Inc (NYSE:NI) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on April 25, 2016.

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.

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