BMO Capital analyst James Thalacker maintained a Buy rating on Nisource (NI – Research Report) yesterday and set a price target of $31.00. The company’s shares closed yesterday at $28.90.
According to TipRanks, Thalacker is a 5-star analyst with an average return of 10.0% and a 63.79% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Duke Energy, NextEra Energy, and American Electric Power.
Nisource has an analyst consensus of Strong Buy, with a price target consensus of $30.80, which is a 6.57% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $32.00 price target.
NI market cap is currently $12.85B and has a P/E ratio of 18.77.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nisource (NI) Company Description:
NiSource, Inc. is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses in the natural gas service and transportation for residential, commercial, and industrial customers. The Electric Operations segment generates, transmits, and distributes electricity. The company was founded in 1987 and is headquartered in Merrillville, IN.
