|Bid||29.42 x 1100|
|Ask||29.42 x 1200|
|Day's Range||29.31 - 29.51|
|52 Week Range||24.19 - 29.75|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.80 (2.72%)|
|1y Target Est||28.91|
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged during the first quarter. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 40% and 25% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted […]
(Bloomberg) -- NiSource Inc. is weighing a sale of Columbia Gas of Massachusetts, according to people familiar with the matter, as it looks to unload the subsidiary responsible for deadly pipeline explosions last year.NiSource is working with an adviser on an auction for the division, which could fetch about $2 billion, said the people, who asked to not be identified because the matter isn’t public. The company received bids this month from rival utilities, the people said. No final decision has been made and NiSource could opt to keep the business, they said.A representative for NiSource declined to comment.NiSource rose as much as 2% in New York trading Monday. Shares closed up 1.4% to $29.16, valuing the company at $10.9 billion.NiSource said in May that it is potentially facing more than $1 billion in claims from last year’s Merrimack Valley gas explosions, which killed one person and injured more than two dozen. The pipelines that blew up are part of Columbia Gas of Massachusetts, one of the state’s largest distributors of natural gas, with about 323,000 customers.Gas distributors have been replacing aging pipes after a PG&E Corp. line exploded in 2010, according to Charles Fishman, a utilities analyst with Morningstar Inc.“It might be worth more to somebody else,’’ Fishman said in an interview. “There might be a better owner at this point. Two billion sounds a little high. Could they get $1 billion for it? Sure."NiSource, based in Merrillville, Indiana, acquired Columbia Gas of Massachusetts and other gas utilities in its $8.5 billion takeover of Columbia Energy Group in 2000.NiSource is one of North America’s largest natural gas distributors, serving more than 3.5 million customers in seven states, according to its website.(Updates with analyst comments starting in sixth paragraph.)To contact the reporters on this story: Kiel Porter in Chicago at email@example.com;Jim Efstathiou Jr. in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Elizabeth Fournier at email@example.com, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MERRILLVILLE, Ind., June 6, 2019 /PRNewswire/ -- NiSource Inc. (NI) today announced that its Board of Directors appointed Deborah Hersman to the board. Hersman is an experienced safety executive, having served as Chairman of the National Transportation Safety Board (NTSB) and CEO of the National Safety Council and, since January, as Chief Safety Officer at Waymo LLC, the self-driving car technology subsidiary of Alphabet Inc. "Deborah is a widely respected safety expert who has spent her career successfully promoting public safety and saving lives," said NiSource Chairman Kevin T. Kabat.
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Be wary of drawing any sweeping conclusions about any individual stocks based on Monday's action. The market tide was so bearish that few names could escape the undertow. On the other hand, if the undertow is this bearish, it's not as if many stocks will be able to overcome it.Source: Allan Ajifo via Wikimedia (Modified)Mega-cap Apple (NASDAQ:AAPL) did the most net damage, losing almost 6% of its value on concerns that it would be a key victim of the rekindled tariff war being waged between the U.S. and China. Fanning those bearish flames was a decision from the U.S. Supreme Court that app users can sue the company.There were some winners, although few and far between. Recently-IPO'd Beyond Meat (NASDAQ:BYND) rallied another 5% as investors once again were willing to get behind the maker of meat alternatives.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 'Buy-and-Hold' Stocks to Own Forever Neither are great trading prospects headed into Tuesday's action though. Rather, the stock charts of Coty (NYSE:COTY), NiSource (NYSE:NI) and International Paper (NYSE:IP) are shaping up as better, less erratic bets. Here's a closer look. International Paper (IP)More than once since February, International Paper has hinted of a breakout effort, only to wind up bumping into a ceiling. On the flipside, IP stock has for a third time since March found technical support at a familiar level.While still technically range-bound, the pressure on the lower boundary continues to swell; meanwhile, other technical resistance levels are helping to take the pressure off of the rally efforts, guiding IP shares lower. One more misstep, in fact, could push International Paper over a proverbial cliff and open the selling floodgates. It looks as if the bears are ready to make that happen too. Click to Enlarge * The upper horizontal boundary is near $48, plotted in yellow on both stock charts. The lower floor is $43.70, plotted in blue, where IP has bottomed three times since March. * Since early April, the white 200-day moving average line has also stepped in again as resistance. Those encounters are highlights on the daily chart. * Zooming out to the weekly chart it's easy to see that the bigger-picture downtrend that began early last year is still in place, and in motion. NiSource (NI)It's likely got more to do with the broad market's weakness and the search for safety than it has to do with NiSource in particular. Nevertheless, the gains NI shares have demonstrated of late are a clue that traders are serious about rotating out of riskier names and into safer havens. Those trends, once in motion, tend to remain in motion for a while.Besides, though volatile, NiSource is in a solid long-term uptrend anyway. A little more progress from here could shove the rally into an even higher gear. * 7 Forever Stocks to Buy for Long-Term Gains Click to Enlarge * An ascending wedge pattern is plotted in yellow on both stock charts. That converging support and resistance is forcing traders to make a decision, and in this case, the 'squeeze' has thus far been bullish. * On the daily chart, NiSource is also back above a horizontal ceiling at $27.75. That line had also been support. * While choppy, the volume behind the gain since early this year has been on reliable, growing volume. Traders may have had this move planned with or without weakness developing in other sectors. Coty (COTY)Just because a stock wasn't dragged lower on Monday doesn't inherently make a bullish case for it. On the other hand, if a stock can hold its ground on a day like yesterday, it certainly doesn't hurt a bullish case. That bullish thesis is made even stronger when support at key lines is confirmed.That's how things panned out for Coty yesterday.In February, Coty stock shot higher in response to a quarterly earnings beat, and then shot higher again after JAB announced it was seeking to add to its controlling interest.That offer was a key part of the reason COTY stock stagnated until early this month. Once the deal went through, Coty shares were able to start moving, and they have … bullishly. That strength was already been taking shape though, and the bulls have held their ground in an environment when they arguably shouldn't have been able to. That persistence speaks volumes. Click to Enlarge * The purple 50-day moving average line and the blue 20-day moving average line acted as floor last week, providing a push-off point for yesterday's strength. * There was plenty of buying volume two weeks ago as well as last week, though it's likely much of that was JAB's interest. * Whatever the reason, former ceilings at $11.28 and $11.60 have both been well cleared. * There's one final, mostly psychological line in the sand. The 38.2% Fibonacci retracement line lies at $11.93. If it's hurdled as well, there's little left to hold Coty shares back.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy as the Trade War Reignites * 10 Stocks That Could Squeeze Short Sellers, Including CGC * 5 Tech Stocks Getting Crushed Compare Brokers The post 3 Big Stock Charts for Tuesday: Coty, International Paper and NiSource appeared first on InvestorPlace.
The disaster, caused by over-pressurized lines operated by Columbia Gas, caused fires and explosions across the Merrimack Valley communities of Andover, North Andover and Lawrence.
MERRILLVILLE, Ind. , May 6, 2019 /PRNewswire/ -- The Board of Directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of 20 cents per share payable August 20, 2019 ...
NiSource (NI) delivered earnings and revenue surprises of 6.49% and 0.98%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Merrillville, Indiana-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs, came to 82 cents per share. The results surpassed Wall Street expectations. ...
MERRILLVILLE, Ind., May 1, 2019 /PRNewswire/ -- NiSource Inc. (NI) today announced, on a GAAP basis, net income to common shareholders for the three months ended March 31, 2019, of $205.1 million, or $0.55 per share, compared to net income to common shareholders of $276.1 million, or $0.82 per share, for the same period of 2018. NiSource also reported net operating earnings available to common shareholders (non-GAAP) of $307.7 million, or $0.82 per share, for the three months ended March 31, 2019, compared to $259.7 million, or $0.77 per share, for the same period of 2018. Schedule 2 of this press release provides total current estimates of costs and expenses related to the September 13, 2018 incident in the Greater Lawrence, Mass., area.
Columbia Gas of Massachusetts has reached a settlement with members of a family that sustained injuries and lost their home after gas explosions and fires hit Lawrence, Andover and North Andover.
NiSource (NI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
NiSource (NI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MERRILLVILLE, Ind., April 12, 2019 /PRNewswire/ -- NiSource Inc. (NI) today announced that, subject to his re-election at the 2019 annual stockholders meeting, current Board Member and Vice Chairman Kevin T. Kabat is elected chairman, effective May 7, 2019. "Kevin's deep understanding of operating in a regulated environment, balancing the interests of many stakeholders, and extensive experience in strategic planning, financial reporting, risk management, internal controls and capital markets makes him an excellent choice to serve as chairman," said current Board Chairman Richard Thompson. Thompson announced on March 4, 2019 his plans to retire from the NiSource board at the end of the current term.