Welcome to our dedicated page for NiSource news (Ticker: $NI), a resource for investors and traders seeking the latest updates and insights on NiSource stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NiSource's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NiSource's position in the market.
Rhea-AI Summary
NiSource Inc. (NI) will host a conference call to review its fourth quarter 2023 financial results and provide a general business update on February 21, 2024. The call will be available for replay until February 28, 2024. Interested parties can listen to the conference call live on the NiSource website and access the webcast and news release. NiSource will release its financial results before U.S. financial markets open on February 21.
Rhea-AI Impact
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End-of-Day
0.04%
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Rhea-AI Summary
NiSource Inc. (NI) announced a quarterly common stock dividend of $0.265 per share and a dividend of $406.25 per share on the Corporation's 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. The common stock dividend is payable on February 20, 2024, and the preferred stock dividend is payable on March 15, 2024.
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End-of-Day
1.02%
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NiSource Inc. (NYSE: NI) completes the issuance of a 19.9% indirect equity interest in NIPSCO to Blackstone Infrastructure Partners affiliate for $2.16 billion, with an additional equity commitment of $250 million. The investment aims to strengthen NIPSCO's financial foundation, support sustainable long-term growth, and fund ongoing capital requirements for energy transition and reindustrialization of the Midwest.
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End-of-Day
-2.02%
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NiSource Inc. (NI) has been named to the Dow Jones Sustainability Indices (DJSI) for 2023, recognizing the company as a global leader for its environmental, social, and corporate governance (ESG) initiatives and ethical standards. It marks the 10th consecutive year that NiSource has been named to the DJSI. The company is on track to retire all coal assets by 2028, replacing them with renewable energy sources. NiSource is also making progress towards its 2040 goal of net zero by reducing Scope 1 and Scope 2 greenhouse gas emissions from its operations, achieving a 67-percent Scope 1 reduction since 2005. The company also has a goal of reaching a 25-percent diverse supplier spend by 2025.
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Rhea-AI Sentiment
End-of-Day
3.25%
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NiSource Inc. (NYSE: NI) announced the settlement rate of the purchase contracts for its Series A Corporate Units, with each holder receiving 3.9295 shares of NiSource common stock. The Settlement Rate was based on the 40-day trading period ending on November 29, 2023. As of December 1, 2023, each holder will automatically deliver the related Series C Mandatory Convertible Preferred Stock to NiSource, and the company will retire and cancel the Series C stock. NiSource will also voluntarily delist the Corporate Units from the New York Stock Exchange.
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Rhea-AI Sentiment
End-of-Day
2.18%
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NiSource Inc. (NYSE: NI) announced the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock. This stock, with a liquidation preference of $1,000 per share, was originally issued on April 19, 2021 as part of NiSource’s equity units. The remarketing was made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission. Goldman Sachs & Co. LLC, J.P. Morgan, and Wells Fargo Securities were involved in the remarketing process. For more information, interested parties can contact the respective firms.
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Rhea-AI Sentiment
End-of-Day
1.2%
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NiSource Inc. (NYSE: NI) has postponed the final remarketing of its Series C Mandatory Convertible Preferred Stock, originally issued on April 19, 2021. The company may recommence the final remarketing between November 15 and November 17, with Goldman Sachs, J.P. Morgan, and Wells Fargo Securities acting as remarketing agents.
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Rhea-AI Sentiment
End-of-Day
-0.85%
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NiSource Inc. (NYSE: NI) announced the commencement of the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, with a liquidation preference of $1,000 per share. The stock bears no dividends and is convertible only upon certain fundamental change events. The conversion rate will be determined based on the average stock prices over a 40 trading day period preceding March 1, 2024. If the closing price of NiSource common stock on the date of the final remarketing is $24.3490 or less, the minimum conversion rate will be increased. The final remarketing is being made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.
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Rhea-AI Sentiment
End-of-Day
-0.85%
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Rhea-AI Summary
NiSource Inc. (NYSE: NI) held its annual Supplier Day event to showcase its commitment to strong working relationships with key suppliers, recognizing several with year-end awards. With more than 50 suppliers in attendance, NiSource discussed growth and development plans, key objectives, policies, and future strategic initiatives. The company presented six Supplier Awards to recognize significant contributions in essential areas. NiSource reaffirmed its commitment to prioritize the social and economic prosperity of their customers, employees, and the communities they serve.
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End-of-Day
-0.64%
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NiSource, a utility company, announces the retirement of Vice President Investor Relations and Treasurer Randy Hulen, effective December 31, 2023. Tchapo Napoe will be the new Vice President of Treasury & Corporate Finance, starting December 1, 2023. Chris Turnure, the current Director of Investor Relations, has been promoted to Senior Director to lead Investor Relations.
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Rhea-AI Sentiment
End-of-Day
0.95%
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NiSource Inc.
NYSE:NI
NI Rankings
NI Stock Data
12.86B
445.80M
0.13%
92.54%
1.36%
Natural Gas Distribution
Utilities
United States of America
MERRILLVILLE
About NI
nisource (nyse: ni) helps energize the lives of its nearly 4 million natural gas and electric customers across seven states. our local utilities – columbia gas and nipsco – ensure that customers receive safe, reliable and affordable natural gas and electric service each and every day. our business plan is focused on proactively investing in our energy infrastructure – approximately $1.4 billion a year – to ensure we meet and improve upon our customer commitments for the next 100 years. we employ more than 7,000 of our neighbors who are actively engaged in the communities we’re privileged to serve, making them great places to live and call home. nisource is headquartered in merrillville, indiana – about 35 miles from chicago – and we maintain a significant corporate presence in columbus, ohio. our utility operations also span kentucky, maryland, massachusetts, pennsylvania and virginia.