The VP & CAO of Nisource Inc (NYSE: NI) is Selling Shares

By Carrie Williams

Today, the VP & CAO of Nisource Inc (NYSE: NI), Joseph Mulpas, sold shares of NI for $302.6K.

In addition to Joseph Mulpas, 7 other NI executives reported Sell trades in the last month.

Based on Nisource Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.3 billion and quarterly net profit of $88.8 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $59.4 million. The company has a one year high of $26.94 and a one year low of $21.17. NI’s market cap is $7.54B and the company has a P/E ratio of 23.33.

Four different firms, including Credit Suisse and Evercore ISI, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $24.25, reflecting a -3.9% downside.

The insider sentiment on Nisource Inc has been neutral according to 40 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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NiSource, Inc. operates as an energy holding company, which through its subsidiaries, engages in the provision of natural gas, electricity, and other products and services. It operates through the Gas Distribution Operations and Electric Operations segments. The Gas Distribution Operations segment focuses on the provision of natural gas service and transportation for residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and Massachusetts. The Electric Operations segment deals with the provision of electric service in 20 countries in the northern part of Indiana and involves in wholesale and transmission transactions. The company was founded in 1987 and is headquartered in Merrillville, IN.