In a report released yesterday, Paul Ridzon from KeyBanc reiterated a Buy rating on Nisource Inc (NI), with a price target of $28.50. The company’s shares opened today at $26.17.
According to TipRanks.com, Ridzon is a 5-star analyst with an average return of 12.0% and a 89.5% success rate. Ridzon covers the Utilities sector, focusing on stocks such as American Electric Power, NextEra Energy Inc, and Northwestern Corp.
Currently, the analyst consensus on Nisource Inc is a Moderate Buy with an average price target of $28.
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Based on Nisource Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $895 million and GAAP net loss of $340 million. In comparison, last year the company had a GAAP net loss of $52.4 million.
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NiSource, Inc. is an holding company 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, Electric Operations, and Corporate and Other.
