NiSource found using ticker (NI) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 33 and 28 with a mean TP of 30.9. Given that the stocks previous close was at 30.09 this would indicate that there is a potential upside of 2.7%. The 50 day moving average now sits at 28.72 and the 200 moving average now moves to 26.11. The market capitalisation for the company is $12,218m. Company Website: https://www.nisource.com
The potential market cap would be $12,547m based on the market concensus.
NiSource ., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries and changed its name to NiSource . in April 1999. NiSource . was founded in 1847 and is headquartered in Merrillville, Indiana.
