NEW YORK ( TheStreet) -- NiSource (NYSE: NI) hit a new 52-week high Friday as it traded at $18.94 compared with its previous 52-Week high of $18.93. NiSource is changing hands at $18.94 with 411,017 shares traded as of 10:57 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. NiSource has a market cap of $5.2 billion and is part of the utilities sector and utilities industry. Shares are up 7.1% year to date as of the close of trading on Thursday. NiSource Inc., an energy holding company, through its subsidiaries, provides natural gas, electricity, and other products and services. It operates in four segments: Gas Distribution Operations, Gas Transmission and Storage Operations, Electric Operations, and Other Operations. The company has a P/E ratio of 17.8, below the average utilities industry P/E ratio of 18 and below the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full NiSource Ratings Report.
More from Markets
Jim Cramer Breaks Down His Top Lesson From His Fantasy Draft
Here's what Jim Cramer learned during his draft Wednesday night.
Striking Options: Fed Rate Cuts and S&P Volatility
The Fed is in the hot seat, again. This time at Jackson Hole.
Cramer's Fantasy Football Draft Got a Little Crazy - Watch
It's o.k. if you have a little FOMO after watching the behind-the-scenes of Cramer's draft picks
Stocks End Mixed After Yield Curve Returns to Normal, Recession Fears Remain
Stocks finish mixed as bond yields invert - a possible recession warning - ahead of Fed Chairman Jerome Powell's scheduled address Friday at the annual Jackson Hole Economic Symposium.