NiSource Inc which can be found using ticker (NI) have now 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 32 and 30 and has a mean target at $31.00. Given that the stocks previous close was at $26.75 this now indicates there is a potential upside of 15.9%. The 50 day MA is $27.29 while the 200 day moving average is $27.76. The market capitalization for the company is $11,158m. Find out more information at: https://www.nisource.com
The potential market cap would be $12,931m based on the market consensus.
NiSource Inc., 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 859,000 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 54,800 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 486,000 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, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
The company has a dividend yield of 3.7% with the ex dividend date set at 27-4-2023 (DMY).
Other points of data to note are a P/E ratio of 15.91, revenue per share of 14.37 and a 2.92% return on assets.
