In a report released yesterday, Richard Sunderland from J.P. Morgan maintained a Buy rating on Nisource (NI – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $27.84.
According to TipRanks, Sunderland is a 2-star analyst with an average return of 1.1% and a 43.33% success rate. Sunderland covers the Utilities sector, focusing on stocks such as American Water, Atmos Energy, and New Jersey Resources.
Currently, the analyst consensus on Nisource is a Moderate Buy with an average price target of $31.50.
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The company has a one-year high of $31.48 and a one-year low of $23.34. Currently, Nisource has an average volume of 3.94M.
Based on the recent corporate insider activity of 40 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, 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.
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