In a report released today, James Thalacker from BMO Capital maintained a Buy rating on Nisource (NI – Research Report), with a price target of $33.00. The company’s shares closed last Thursday at $30.21, close to its 52-week high of $30.54.
According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 9.1% and a 83.0% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nisource with a $31.14 average price target, implying a 3.6% upside from current levels. In a report issued on March 4, J.P. Morgan also maintained a Buy rating on the stock with a $32.00 price target.
Nisource’s market cap is currently $12.2B and has a P/E ratio of 23.24.
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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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