After Wells Fargo and Barclays gave Nisource (NYSE: NI) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst James Thalacker reiterated a Buy rating on Nisource today and set a price target of $33.00. The company’s shares closed last Thursday at $29.68.
According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 9.6% and a 78.0% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Centerpoint Energy.
Currently, the analyst consensus on Nisource is a Moderate Buy with an average price target of $33.00, implying an 11.2% upside from current levels. In a report issued on April 20, Barclays also maintained a Buy rating on the stock with a $35.00 price target.
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The company has a one-year high of $32.59 and a one-year low of $23.65. Currently, Nisource has an average volume of 4.62M.
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NiSource, Inc. is a holding company, which 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 and Electric Operations. The Gas Distribution Operations segment focuses in the natural gas service and transportation for residential, commercial, and industrial customers. The Electric Operations segment generates, transmits, and distributes electricity. The company was founded in 1987 and is headquartered in Merrillville, IN.
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