NiSource Inc (NYSE:NI) traded today at a new 52-week high of $31.25. This new high was reached on below average trading volume as 108,000 shares traded hands, while the average 30-day volume is approximately 4.9 million shares.
In the past 52 weeks, shares of NiSource Inc have traded between a low of $23.48 and a high of $31.25 and is now at $31.00, which is 32% above that low price.
NiSource is one of the nation’s largest natural gas distribution companies with approximately 3.5 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource’s electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, most of which is now coal-fired but is being replaced by natural gas and renewables.
There is potential upside of 0.6% for shares of NiSource Inc based on a current price of $31.00 and an average consensus analyst price target of $31.18.
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