NEW YORK ( TheStreet) -- NiSource Inc (NYSE: NI) hit a new 52-week high Wednesday as it is currently trading at $21.39, above its previous 52-week high of $21.37 with 940,635 shares traded as of 11:40 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

NiSource has a market cap of $5.9 billion and is part of the utilities sector and utilities industry. Shares are up 20.5% year to date as of the close of trading on Tuesday.

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 19.3, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full NiSource Ratings Report.

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