Jefferies analyst Julien Dumoulin Smith maintained a Buy rating on Nisource today and set a price target of $48.00. The company’s shares closed yesterday at $41.69.
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According to TipRanks, Dumoulin Smith is a 4-star analyst with an average return of 3.7% and a 54.55% success rate. Dumoulin Smith covers the Utilities sector, focusing on stocks such as Ameren, Fluence Energy, and UGI.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nisource with a $44.00 average price target, representing a 5.54% upside. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $45.00 price target.
NI market cap is currently $19.62B and has a P/E ratio of 22.46.
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. Last month, Melanie B. Berman, the EVP Administration & CHRO of NI sold 6,227.00 shares for a total of $245,468.34.
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