In a report issued on August 13, Paul Ridzon from KeyBanc reiterated a Buy rating on Nisource Inc (NYSE: NI), with a price target of $28. The company’s shares opened today at $27.20, close to its 52-week high of $27.76.
According to TipRanks.com, Ridzon is a 4-star analyst with an average return of 12.1% and a 88.4% success rate. Ridzon covers the Utilities sector, focusing on stocks such as American Electric Power, Mdu Resources Group Inc, and NextEra Energy Inc.
Nisource Inc has an analyst consensus of Strong Buy, with a price target consensus of $27.33.
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Based on Nisource Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.01 billion and net profit of $24.5 million. In comparison, last year the company had a GAAP net loss of $44.4 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.
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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.
