Wells Fargo Sticks to Their Buy Rating for Nisource (NI)

In a report released today, Shahriar Pourreza from Wells Fargo reiterated a Buy rating on Nisource, with a price target of $52.00.

End of Quarter Sale - 70% Off

• Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
• Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.

According to TipRanks, Pourreza is a 5-star analyst with an average return of 9.1% and a 71.75% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Vistra Corp, Public Service Enterprise, and NRG Energy.

Currently, the analyst consensus on Nisource is a Strong Buy with an average price target of $51.45.

Based on Nisource’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.36 billion and a net profit of $507.1 million. In comparison, last year the company earned a revenue of $2.18 billion and had a net profit of $474.8 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NI in relation to earlier this year. Last month, Melanie B. Berman, the EVP Administration & CHRO of NI sold 15,000.00 shares for a total of $715,200.00.