NiSource Inc (NI) has been under a strong bear grip, hence the stock is down -5.16% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.59% in the past 1 week. The stock has risen by 0.64% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.18% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.06% and the 50-Day Moving Average is 1.49%. NiSource Inc (NYSE:NI): On Fridays trading session , Opening price of the stock was $25.09 with an intraday high of $25.25. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.96. However, the stock managed to close at $25.01, a loss of 0.04% for the day. On the previous day, the stock had closed at $25.02. The total traded volume of the day was 1,726,695 shares.
The company Insiders own 0.32% of NiSource Inc shares according to the proxy statements. Institutional Investors own 81.37% of NiSource Inc shares. During last six month period, the net percent change held by insiders has seen a change of -10.85%. Also, Major Brokerage house, Citigroup maintains its ratings on NiSource Inc (NYSE:NI). In the latest research report, Citigroup raises the target price from $18.08 per share to $27 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 27, 2016.
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.