NEW YORK ( TheStreet) -- NiSource (NYSE: NI) hit a new 52-week high Friday as it is currently trading at $24.39, above its previous 52-week high of $24.06 with 4.1 million shares traded as of 12:35 p.m. ET. Average volume has been 3.1 million shares over the past 30 days. NiSource has a market cap of $6.41 billion and is part of the utilities sector and utilities industry. Shares are down 3% 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 16.9, below the average utilities industry P/E ratio of 21 and below the S&P 500 P/E ratio of 17.7.
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