NiSource Inc (NI) : 2 brokerage houses believe that NiSource Inc (NI) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NiSource Inc (NI). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.
NiSource Inc (NI) : The consensus price target for NiSource Inc (NI) is $24.83 for the short term with a standard deviation of $2.14. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $27, however, the pessimist price target for the company is $22.
Company shares have received an average consensus rating of Hold for the current week NiSource Inc (NYSE:NI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.01 and $24.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.02, notching a gain of 0.04% for the day. The total traded volume was 2,678,020 . The stock had closed at $25.01 on the previous day.
In a related news, 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.