NiSource Inc – Consensus Indicates Potential 14.1% Upside

Broker Ratings

NiSource Inc found using ticker (NI) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 29 and 24 calculating the mean target price we have 26.46. Now with the previous closing price of 23.2 this would indicate that there is a potential upside of 14.1%. The 50 day moving average now sits at 24.03 while the 200 day moving average is 23.46. The market capitalisation for the company is $8,868m. Company Website: http://www.nisource.com

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates through two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services. The company owns and operates two coal-fired electric generating stations with a capacity of 2,080 megawatts (MW); combined cycle gas turbine with a capacity of 571 MW; three gas-fired generating units with a capacity of 186 MW; and two hydroelectric generating plants with a capacity of 10 MW. It serves approximately 3.5 million natural gas customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and Massachusetts; and 476,000 electricity customers in the northern part of Indiana. The company was formerly known as NIPSCO Industries and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

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