Joseph Hamrock - NiSource CEO

NI Stock  USD 27.40  0.25  0.92%   

CEO

Mr. Joseph Hamrock is President, Chief Executive Officer, Director of the Company. Executive Experience Mr. Hamrock was our President and CEO since July 2015. From May 2012 to June 2015, he was Executive Vice President and Group CEO for NiSources Gas Distribution Operations, comprised of local gas distribution companies in Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania and Virginia. Prior thereto, he served in a variety of senior executive positions with American Electric Power, an electrical service public utility holding company in Columbus, Ohio, including as President and Chief Operating Officer of AEP Ohio from January 2008 to May 2012. He also served in leadership roles in engineering, transmission and distribution operations, customer service, marketing and information technology. Outside Board and Other Experience Mr. Hamrock is currently a member of the board of the American Gas Association, a gas industry trade association. He is also a board member of OhioHealth, a notforprofit healthcare system in central Ohio, and A Kid Again, which supports families caring for children with lifethreatening illnesses. since 2016.
Age 56
Tenure 8 years
Address 801 East 86th Avenue, Merrillville, IN, United States, 46410
Phone877 647 5990
Webhttps://www.nisource.com
Hamrock began his energy industry career in 1986 as an electrical engineer in transmission and distribution planning at AEP in Steubenville, Ohio. He went on to work in commercial and industrial customer services, and held leadership roles in commercial marketing and customer services, strategic development and other executive roles. Prior to becoming president of AEP Ohio, Hamrock was senior vice president and chief information officer in AEP Shared Services organization from 20032007, and from 2002 to 2003 was senior vice president General Services. He received a bachelor degree in electrical engineering in 1985 from Youngstown State University in Ohio and a master degree in business administration from the Massachusetts Institute of Technology in Cambridge, where he was a Sloan fellow. He is a registered professional engineer in Ohio.

NiSource Management Efficiency

The company has Return on Asset (ROA) of 0.0276 % which means that for every $100 of assets, it generated a profit of $0.0276. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.0748 %, which means that it produced $0.0748 on every 100 dollars invested by current stockholders. NiSource's management efficiency ratios could be used to measure how well NiSource manages its routine affairs as well as how well it operates its assets and liabilities. As of now, NiSource's Return On Tangible Assets are decreasing as compared to previous years. The NiSource's current Return On Capital Employed is estimated to increase to 0.07, while Return On Assets are projected to decrease to 0.02. As of now, NiSource's Non Currrent Assets Other are increasing as compared to previous years. The NiSource's current Other Current Assets is estimated to increase to about 385.2 M, while Total Assets are projected to decrease to under 19.2 B.
The company reports 14.13 B of total liabilities with total debt to equity ratio (D/E) of 1.34, which is normal for its line of buisiness. NiSource has a current ratio of 0.62, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist NiSource until it has trouble settling it off, either with new capital or with free cash flow. So, NiSource's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NiSource sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NiSource to invest in growth at high rates of return. When we think about NiSource's use of debt, we should always consider it together with cash and equity.

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NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana. NiSource operates under UtilitiesRegulated Gas classification in the United States and is traded on New York Stock Exchange. It employs 7272 people. NiSource (NI) is traded on New York Stock Exchange in USA. It is located in 801 East 86th Avenue, Merrillville, IN, United States, 46410 and employs 7,364 people. NiSource is listed under Multi-Utilities category by Fama And French industry classification.

Management Performance

NiSource Leadership Team

Elected by the shareholders, the NiSource's board of directors comprises two types of representatives: NiSource inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NiSource. The board's role is to monitor NiSource's management team and ensure that shareholders' interests are well served. NiSource's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NiSource's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Finissi, Executive Vice President - Safety, Capital Execution and Technical Services
Robert Campbell, Senior Vice President - Human Resources
William Johnson, Independent Director
Jennifer Montague, President Virginia
Kenneth Keener, Chief Human Resource Officer, Senior Vice President
Mike Finissi, Executive Vice President - Safety, Capital Execution and Technical Services
Glen Kettering, Executive VP and Group CEO of Columbia Pipeline Group
Cassandra Lee, Director
Richard Thompson, Chairman of the Board
Carrie Hightman, Chief Legal Officer, Executive Vice President
Theodore Bunting, Independent Director
Charles Bankston, VP Officer
Christopher Garland, VP Officer
Charles Shafer, Senior Vice President and Chief Safety Officer
Wallace Nutter, Independent Director
Michael Jesanis, Independent Director
Kim Cuccia, Vice President Interim General Counsel
Deborah Hersman, Independent Director
Wayne DeVeydt, Independent Director
Melody Birmingham, Executive Utilities
Mark Kempic, President Maryland
Suzanne Surface, Chief Services Officer of NiSource
Donald Brown, Chief Financial Officer, Executive Vice President, Chief Accounting Officer, Controller
Eric Butler, Independent Director
Vincent Parisi, President NIPSCO
Carolyn Woo, Independent Director
Aristides Candris, Independent Director
Peter Altabef, Independent Director
Sara Macioch, Investor Relations Manager
Richard Abdoo, Independent Director
Sigmund Cornelius, Independent Director
Robert Skaggs, CEO and President and Director
Deborah Henretta, Independent Director
AnneMarie DAngelo, Executive Vice President General Counsel, Company Secretary
Kevin Kabat, Independent Chairman of the Board
Joseph Mulpas, Chief Accounting Officer, Vice President, Controller
Gunnar Gode, Chief Accounting Officer, Vice President Controller
Carl Levander, Executive Vice President and Chief Regulatory Officer
Sondra Barbour, Director
Marty Kittrell, Independent Director
Jim Stanley, Executive Vice President Group CEO
Nick Drew, Director of Investor Relations & finance
Pablo Vegas, Executive Vice President and President Columbia Gas Group
Teresa Smith, Vice President - Human Resources for NiSource Corporate Services
Shawn Anderson, Senior Vice President and Chief Strategy and Risk Office
Violet Sistovaris, Executive Vice President and President - NIPSCO
Joseph Hamrock, CEO and President and Member of The Board of Directors
Lloyd Yates, President, Chief Executive Officer, Director
Melanie Berman, Chief Administration
Stephen Smith, CFO and Executive VP
Vince Parisi, President Ohio
Randy Hulen, Vice President - Investor Relations, Treasurer
Teresa Taylor, Independent Director
William Jefferson, Executive Officer
Michael Luhrs, Executive Officer
Deborah Parker, Independent Director
Michael Hooper, President NIPSCO
Peter Disser, Chief Operating Officer, Vice President - Internal Audit,
Kimberly Cuccia, General VP

NiSource Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is NiSource a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether NiSource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NiSource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nisource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nisource Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.
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When running NiSource's price analysis, check to measure NiSource's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NiSource is operating at the current time. Most of NiSource's value examination focuses on studying past and present price action to predict the probability of NiSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NiSource's price. Additionally, you may evaluate how the addition of NiSource to your portfolios can decrease your overall portfolio volatility.
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Is NiSource's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NiSource. If investors know NiSource will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NiSource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.03)
Dividend Share
1.015
Earnings Share
1.48
Revenue Per Share
13.231
Quarterly Revenue Growth
(0.17)
The market value of NiSource is measured differently than its book value, which is the value of NiSource that is recorded on the company's balance sheet. Investors also form their own opinion of NiSource's value that differs from its market value or its book value, called intrinsic value, which is NiSource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NiSource's market value can be influenced by many factors that don't directly affect NiSource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NiSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if NiSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NiSource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.