NiSource Inc. misses Q4 expectations, pledges more infrastructure spending
By Hannah Levitt NiSource Inc.’s profit in the final three months of 2016 missed Wall Street’s expectations, but the natural gas and electric utility company said it would spend more on utility investments such as pipe and underground electric cable replacements in 2017. The Merrillville, Indiana-based company said net income in the fourth quarter rose 49 […]
Analysts recommend holding NiSource stock in 2017
By Hannah Levitt The majority of analysts surveyed by Bloomberg recommend holding NiSource Inc. stock in 2017, expecting a revenue increase to $4.6 billion from $4.52 billion expected in 2016 and a stock price increase to a 12-month target of $23.95 per share from Tuesday’s closing price of $22.25. Analysts expect steady growth due to […]
