NEW YORK ( TheStreet) -- NiSource Inc (NYSE: NI) hit a new 52-week high Friday as it is currently trading at $22.34, above its previous 52-week high of $22.30 with 1.3 million shares traded as of 12:40 p.m. ET. Average volume has been 3.7 million shares over the past 30 days.

NiSource has a market cap of $6.1 billion and is part of the utilities sector and utilities industry. Shares are up 24% 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 three segments: Gas Distribution Operations, Gas Transmission and Storage Operations, and Electric Operations. The company has a P/E ratio of 20, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
  • Practice your NI trading strategies and win cash in our stock game.

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.

See all 52-week high stocks or get investment ideas from our investment research center.

null