NiSource Inc (NI)

Over the past six months, NiSource's stock has generally trended upward, increasing by 9.90%. On August 6, 2025, the company announced its Q2 2025 earnings, reporting an adjusted EPS of $0.22 and quarterly revenue of $1.16 billion, both exceeding expectations, although the stock experienced slight declines. NiSource reaffirmed its 2025 adjusted EPS guidance and long-term growth targets and announced a quarterly dividend of $0.28 per share, payable on November 20, 2025. Analyst ratings have varied, with Jefferies Financial Group lowering its rating to "hold" and Wells Fargo initiating coverage with an "Overweight" rating. BMO Capital Markets and Barclays boosted their price targets, and NiSource is expected to release its Q3 2025 financial results on October 29, 2025.

NiSource Inc. experiences demand seasonality, with revenues typically higher during the heating season for its natural gas operations and during the cooling season for its electric operations due to weather-dependent energy consumption patterns.

NiSource, Inc. is an energy holding company that operates as a regulated natural gas and electric utility in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers through its subsidiaries. The company is focused on the safe and reliable delivery of natural gas and electricity and is transitioning to cleaner energy sources, aiming to reduce carbon emissions by over 90% by 2028 through investments in renewable energy and battery storage technology.

NiSource, Inc. operates across seven states in the Midwest and New England regions, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia.

In July 2024, several NiSource subsidiaries were recognized as "Most Trusted Utility Brands" by Escalent's 2024 Cogent Syndicated Utility Trusted Brand & Customer Engagement: Residential study, with Columbia Gas of Ohio scoring the highest among natural gas utilities in the Midwest Region for the third consecutive year. This recognition highlights positive customer perception regarding advocacy, safety, reliability, and environmental focus, and no significant negative events impacting NiSource's brand reputation were identified within the past year.

NiSource Inc. has a mixed ownership structure, with approximately 93.4% of the company's stock held by institutional owners, 1.48% by insiders, and the remainder by retail investors. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., T. Rowe Price Investment Management, Inc., State Street Corp, Deutsche Bank AG, Geode Capital Management, LLC, and Jennison Associates LLC, with Vanguard Group Inc. being the largest individual institutional shareholder, owning 13.04% of the company's shares.