Land This Cheap Energy Stock Even Lower Than CCO Vegas Did

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 25, NiSource Inc. 's CCO, Pablo Vegas, invested $362,790.00 into 14,500 shares of NI, for a cost per share of $25.02. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Thursday, bargain hunters could buy shares of NiSource Inc. (Symbol: NI) and achieve a cost basis 4.9% cheaper than Vegas, with shares changing hands as low as $23.80 per share. NiSource Inc. shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of NI shares, versus its 200 day moving average:

NiSource Inc. Chart

Looking at the chart above, NI's low point in its 52 week range is $22.44 per share, with $27.76 as the 52 week high point - that compares with a last trade of $24.02. By comparison, below is a table showing the prices at which NI insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/09/2018 Eric L. Butler Director 4,000 $24.82 $99,300.00
05/25/2018 Pablo Vegas EVP, Gas Business Seg & CCO 14,500 $25.02 $362,790.00

The current annualized dividend paid by NiSource Inc. is $0.78/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 07/30/2018. Below is a long-term dividend history chart for NI, which can be of good help in judging whether the most recent dividend with approx. 3.3% annualized yield is likely to continue.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Commodities
Referenced Symbols: NI

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