NiSource Inc (NI)

NiSource's stock price has increased by 34.38% from July 15, 2024, to July 14, 2025, with an 8.26% rise over the past six months. Key events impacting the stock price include strong financial growth in 2024, exceeding EPS guidance and raising 2025 guidance, as well as first-quarter 2025 results beating Wall Street expectations. NiSource declared a quarterly common stock dividend payment of $0.28 per share, payable on August 20, 2025. Newly approved NIPSCO electric rates were announced, supporting safety, reliability, and customer programs. Durgesh Chopra was appointed as Vice President of Investor Relations.

A significant portion of NiSource's operations is subject to seasonal fluctuations in sales, with revenues from natural gas sales being more significant during the heating season from November through March. Demand for electricity and power consumption are expected to reach record highs in 2024 and 2025, which is anticipated to positively impact NiSource's returns and raise revenues. The utilization of electric vehicles could increase demand for electricity, leading to increased usage of NiSource's systems and services.

NiSource, Inc. is a large, fully regulated utility company in the United States, operating in the natural gas and electric utility sectors. It serves approximately 3.5 million natural gas customers and 500,000 electric customers across six states through its Columbia Gas and NIPSCO brands. The company's main business segments are natural gas distribution and electric operations, delivering natural gas and electricity through its infrastructure. NiSource utilizes a mix of traditional and renewable generation sources and is actively transitioning to cleaner energy sources, with plans to retire all coal-fired generation by 2028 and achieve net-zero emissions from its electric generation by 2040.

NiSource's operations span across six states in the Midwest and Northeast regions of the United States: Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. Its electric operations are primarily concentrated in northern Indiana, where the company is headquartered in Merrillville. NiSource maintains a significant corporate presence in Columbus, Ohio. The company's extensive infrastructure includes nearly 60,000 miles of natural gas pipeline and 1,000 miles of electric transmission lines.

NiSource has focused on improving reliability and safety, making it easier for customers to do business with them, providing additional access to natural gas and electric service, and reducing emissions. In 2024, NiSource delivered safe and reliable energy at an affordable value and provided excellent value to stakeholders through its regulated utility operations, reporting high customer satisfaction results. NiSource has been recognized for its sustainable business practices, being named to the Dow Jones Sustainability Index (DJSI) - North America for the ninth consecutive year in 2022. Events affecting NiSource's reputation include cybersecurity threats, climate change and regulatory scrutiny, and the potential for reduced demand.

NiSource Inc. has a diverse ownership structure, with institutional investors holding a significant majority. Approximately 92.41% of NiSource stock is held by institutional shareholders, 1.61% by insiders, and 5.98% by retail investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and T. Rowe Price Investment Management, Inc. The largest individual NiSource shareholder is Vanguard Group Inc., owning 60.84 million shares, which represents 12.93% of the company.