Anyone interested in NiSource Inc. (NYSE:NI) should probably be aware that the , Peter Disser, recently divested US$404k worth of shares in the company, at an average price of US$29.96 each. In particular, we note that the sale equated to a 98.7% reduction in their position size, which doesn’t exactly instill confidence.
NiSource Insider Transactions Over The Last Year
The Executive VP & President of Gas Utilities, Pablo Vegas, made the biggest insider sale in the last 12 months. That single transaction was for US$1.2m worth of shares at a price of US$29.94 each. That means that an insider was selling shares at around the current price of US$28.80. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
We note that in the last year insiders divested 169k shares for a total of US$4.9m. In the last year NiSource insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Insider Ownership of NiSource
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.4% of NiSource shares, worth about US$46m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About NiSource Insiders?
Insiders sold stock recently, but they haven’t been buying. Looking to the last twelve months, our data doesn’t show any insider buying. Insider ownership isn’t particularly high, so this analysis makes us cautious about the company. We’d think twice before buying! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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