NiSource Inc (NYSE:NI) : The consensus price target for NiSource Inc (NYSE:NI) is $23.1 for the short term with a standard deviation of $1.14. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $25, however, the pessimist price target for the company is $22.
Shares of NiSource Inc. rose by 5.32% in the last five trading days and 10.36% for the last 4 weeks. NiSource Inc. is up 12.11% in the last 3-month period. Year-to-Date the stock performance stands at 37.88%. Also, Evercore ISI Group initiates coverage on NiSource Inc (NYSE:NI). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on April 25, 2016.
NiSource Inc (NYSE:NI) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
NiSource Inc (NYSE:NI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.91 and $25.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.52, notching a gain of 2.55% for the day. The total traded volume was 3,534,162 . The stock had closed at $25.86 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged that Levander Carl W, officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, had unloaded 6,000 shares at an average price of $22.39 in a transaction dated on March 7, 2016. The total value of the transaction was worth $134,340.
NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.