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NI

NiSource Inc

NI

NYSE·Utilities·Regulated Gas·Mkt cap $22.5B

$47.80

+1.98%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$38.45 - $49.21

P/E

23.78

Fwd P/E

23.37

Beta

0.55

Div Yield

2.47%

Avg Vol

4.6M

Shares Out

478.5M

Mkt Cap

$22.5B

Price action

Price chart

Up 18.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Extensive Regional Infrastructure Network
  • Regulated Utility Model with Predictable Revenue
  • Diverse Geographic Service Territory
  • Long-Standing Operational Experience

Bear Case

2 risks

  • Low volatility (beta 0.5).
  • Premium valuation to Gas Utilities peers

Growth

Mild headwinds expected

Grid Modernization Investments

Value

Premium valuation to Gas Utilities peers

Momentum

Stable

-1.3% over 3m

Quality

Strong

Excellent business quality

Dividend

Solid

2.47% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 5, 2026

Q2 26 RECAP

MAY 6, 2026

Reported EPS of $1.06 vs $1.06 consensus (0.0% surprise). Revenue of $2.4B vs $2.5B expected (-6.2%).

EPS beat 0.0%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

0.0%

Next: May 5, 2026

Revenue trend · last 8Q

+12%

+28%

+18%

+18%

+20%

+8%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.1B

$1.1B

$1.6B

$2.2B

$1.3B

$1.3B

$1.9B

$2.4B

Margins · last 8Q

Gross

Operating

Profit

21.5%

Wall Street consensus

5 analysts · 60% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

60%

Hold

2

40%

Sell

0%

Median Price Target

$51.00

+6.7% vs $47.80

Low $49.00
Median $51.00
High $52.00

Latest: RBC Capital · Jul 1, 2026

4 analysts covering

vs Industry

How NI stacks vs Regulated Gas

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.