Analyst Price Target Update on NiSource Inc (NYSE:NI)

NiSource Inc (NYSE:NI) shares are expected to touch $23.1 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 1.14. The target price could hit $25 on the higher end and $22 on the lower end.

Many analysts have stated their opinion on the company shares. Evercore ISI Group initiates coverage on NiSource Inc (NYSE:NI) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on April 25, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (EVP & Chief Regulatory Officer) of Nisource Inc/De, Levander Carl W sold 6,000 shares at $22.39 on March 7, 2016. The Insider selling transaction had a total value worth of $134,340. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

NiSource Inc (NYSE:NI) : On Monday heightened volatility was witnessed in NiSource Inc (NYSE:NI) which led to swings in the share price. The stock opened for trading at $24.92 and hit $25.1023 on the upside , eventually ending the session at $24.96, with a gain of 0.24% or 0.06 points. The heightened volatility saw the trading volume jump to 1,667,266 shares. The 52-week high of the share price is $25.14 and the company has a market cap of $8,026 million. The 52-week low of the share price is at $16.035 .

NiSource Inc. (NiSource) is an energy holding company. The Company, through its subsidiaries provides natural gas, electricity and other products and services. It is also engaged in the distribution of natural gas. The Companys business segments include: Gas Distribution Operations, which provides natural gas service and transportation services for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts; Columbia Pipeline Group Operations, which provides gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial customers located in 16 northeastern, mid-Atlantic, Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions, and Electric Operations, which provides electric services in approximately 20 counties in the northern part of Indiana.

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