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Bank of Montreal Can Trims Position in NiSource, Inc $NI
Bank of Montreal Can has reduced its stake in NiSource, Inc. (NYSE:NI) by 50.4% in the third quarter, selling over 2.7 million shares and now holding 2.65 million shares valued at approximately $114.95 million. Despite this reduction, NiSource demonstrated strong financial performance, beating Q results with an EPS of $0.51 against estimates of $0.49, and increased its quarterly dividend to $0.30 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $47.20.