NiSource Inc (NI)

NiSource's stock has increased by approximately 10.47% over the past six months and 18.49% year-to-date. As of late September 2025, the share price was around $42.38, a 23.75% increase from September 2024, reaching a 52-week high of $43.70. The company reported strong financial performance in May 2025, with growth in revenue, operating income, and net income, and announced a quarterly dividend of $0.28 per share. In October 2025, the stock was up 1.8%, with earnings per share of $0.22, surpassing estimates. However, Jefferies Financial Group downgraded NiSource from a "buy" to a "hold" rating, lowering its price target to $44.00.

Demand for NiSource's natural gas peaks during colder winter months due to increased heating needs, while electricity demand can peak during summer months due to higher cooling usage. These seasonal patterns influence sales and transportation volumes, as reflected in the company's May 2025 10-Q report, which noted increased sales and transportation volumes across residential, commercial, and industrial segments. The company also provides weather data in its investor resources, indicating the impact of weather on demand.

NiSource is an energy holding company operating as a regulated natural gas and electric utility. It distributes natural gas to approximately 3.8 million customers across six states and provides electricity to about 500,000 customers primarily in northern Indiana. NiSource is transitioning its energy generation portfolio from coal to renewable sources and focuses on distribution activities.

NiSource provides natural gas services in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and northern Indiana. Its electric distribution services are concentrated in 20 counties in northern Indiana. The company is headquartered in Merrillville, Indiana, and has a significant corporate presence in Columbus, Ohio.

NiSource has maintained a positive brand reputation, with subsidiaries recognized as trusted utility brands by Escalent's 2024 Cogent Syndicated Utility Trusted Brand & Customer Engagement study. Columbia Gas of Ohio scored highest among natural gas utilities in the Midwest for the third consecutive year. NiSource was named to the 2024 Dow Jones Sustainability Indices for the eleventh consecutive year and ranked on Forbes' List of America's Best Employers for Women 2024. The company's commitment to safety, operational excellence, customer service, and sustainability goals has contributed to its strong reputation.

NiSource Inc. has a mixed ownership structure, with institutional investors holding the majority (96.36%), followed by insiders (1.61%) and retail investors (2.03%). Major institutional owners include Vanguard Group Inc, BlackRock, Inc., T. Rowe Price Investment Management, Inc., and State Street Corp. Vanguard Group Inc is the largest individual shareholder, holding 61.42 million shares, representing 13.04% of the company.