NiSource Reaches New 52-Week High (NI)

NEW YORK ( TheStreet) -- NiSource (NYSE: NI) hit a new 52-week high Monday as it is currently trading at $24.62, above its previous 52-week high of $24.55 with 611,487 shares traded as of 11:25 a.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 up 2.3% year to date as of the close of trading on Friday.

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 23.1, above the average utilities industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates NiSource as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. 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.

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