Pacer Advisors Sells 308674 Shares of NiSource
January 5, 2023
Trending News ☀️
Nisource Inc Intrinsic Value – NISOURCE ($NYSE:NI): The company operates in multiple states and provides electricity, natural gas and other energy-related products and services to over four million customers. Recently, Pacer Advisors Inc. sold 308674 shares of NiSource Inc. to institutional investors. The amount of money generated from this transaction was not disclosed, however it is likely that Pacer Advisors Inc. was able to generate a sizable profit from the sale. This increase in stock price is likely due to an improving economy and the company’s strong fundamentals. The sale of NiSource Inc. shares by Pacer Advisors Inc. is also likely to have a positive effect on the company’s stock price.
With the shares being sold to institutional investors, it is likely that these investors will be willing to pay a higher price for the stock. This increased demand could lead to a higher stock price for NiSource Inc., which would benefit both the company and its shareholders. Overall, the sale of NiSource Inc. shares by Pacer Advisors Inc. is an important market event that could have significant implications for the company’s stock price. While it remains to be seen how this transaction will affect NiSource Inc., it is clear that it will be an important factor in the company’s future performance.
Market Price
According to the news sentiment thus far, the move has been met with mostly positive reactions. Overall, the company’s stock has been steadily increasing since the start of the year, with a few hiccups along the way. The news of Pacer Advisors Inc. selling off a large portion of their NiSource Inc. shares has sent mixed signals to the market. While some investors view the decision as a sign of confidence in the company’s future prospects, others are more skeptical of the move.
Regardless, NiSource Inc. is still a strong player in the energy industry and is continuing to make progress in its operations. With the announcement of Pacer Advisors’ sale of its shares, investors will be closely monitoring the company’s performance to see if its stock price can remain stable in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nisource Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.55k | 670.4 | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nisource Inc. More…
| Operations | Investing | Financing |
| 1.31k | -2.49k | 1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nisource Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.58k | 18.07k | 17.72 |
Key Ratios Snapshot
Some of the financial key ratios for Nisource Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.7% | 8.3% | 21.8% |
| FCF Margin | ROE | ROA |
| -13.6% | 10.5% | 3.0% |
VI Analysis – Nisource Inc Intrinsic Value Calculator
NISOURCE INC is an American energy holding company with a focus on the supply of electric and natural gas services. The company’s fundamentals reflect its long term potential and can be simplified by the VI app. According to the VI Line, the intrinsic value of NISOURCE INC share is estimated to be around $28.0. Currently, the stock is being traded at $27.4, making it a fair price but slightly undervalued by 2%. The company’s strong balance sheet with a large cash balance indicates the potential for future growth. With a strong balance sheet and impressive returns, the company has a good chance of delivering long-term value for shareholders. The stock is currently undervalued by 2%, making it an attractive buy for those looking to benefit from its long-term potential. More…
VI Peers
NiSource Inc is an energy holding company that operates regulated natural gas and electric utilities. The company’s subsidiaries include Columbia Gas of Massachusetts, Inc., Columbia Gas of Ohio, Inc., NIPSCO Industries, Inc., and Northern Indiana Public Service Company. NiSource’s competitors include ALLETE Inc, Ameren Corp, Dominion Energy Inc.
– ALLETE Inc ($NYSE:ALE)
ALLETE Inc. is a diversified energy company with two electric utilities serving more than 750,000 customers in Minnesota and Wisconsin, and a non-regulated business that generates, transmits, stores and distributes electricity. The company has a market cap of 2.89B as of 2022 and a Return on Equity of 4.57%.
– Ameren Corp ($NYSE:AEE)
Ameren Corporation is a utility holding company engaged in the generation, transmission, and distribution of electricity and the distribution of natural gas. The company operates through four segments: electric generation, electric transmission, natural gas transmission, and natural gas distribution.
As of 2022, Ameren’s market capitalization is $19.8 billion and its return on equity is 10.16%. The company is headquartered in St. Louis, Missouri, and serves more than 2.4 million electric and natural gas customers in Missouri and Illinois.
– Dominion Energy Inc ($NYSE:D)
Dominion Energy is an energy company that operates primarily in the United States. The company is involved in the production and distribution of electricity and natural gas. Dominion Energy has a market cap of 53.62B as of 2022 and a Return on Equity of 7.47%. The company is a leading provider of electricity and natural gas in the United States. Dominion Energy has a diversified portfolio of assets and is one of the largest producers and transporters of energy in the United States.
Summary
Investors have been looking to NiSource Inc. (NYSE: NI) as a potential source of returns. Analysts have been positive on the company, citing its diverse energy portfolio, strong balance sheet, and attractive dividend yield as reasons to consider investing in the energy provider.
Investors should note that NiSource’s stock has been volatile in recent months, and caution is advised when considering a long-term investment. Overall, investors should carefully analyze the risk and reward potential of investing in NiSource before deciding to buy or sell the stock.
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