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Nisource (NI) Receives a Buy from J.P. Morgan

In a report issued on March 4, Richard Sunderland from J.P. Morgan maintained a Buy rating on Nisource (NIResearch Report), with a price target of $32.00. The company’s shares closed last Monday at $30.11, close to its 52-week high of $30.54.

According to TipRanks.com, Sunderland is a 2-star analyst with an average return of 1.7% and a 50.0% success rate. Sunderland covers the Utilities sector, focusing on stocks such as South Jersey Industries, New Jersey Resources, and American Water.

Nisource has an analyst consensus of Moderate Buy, with a price target consensus of $30.50, a 0.0% upside from current levels. In a report issued on February 24, BMO Capital also maintained a Buy rating on the stock with a $30.00 price target.

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The company has a one-year high of $30.54 and a one-year low of $21.79. Currently, Nisource has an average volume of 5.16M.

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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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