NI Share Price | NiSource, Inc. Stock Analysis & Recommendation

Q: What does NiSource, Inc. do?

Overview:NiSource, Inc. is an energy holding company engaged in the distribution of natural gas and electricity, operating within the gas industry and classified as a mid-cap company.Financial Snapshot:Most recent Net Sales: 2,183 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 526 Million (Quarterly Results - Mar 2025) Market-cap: USD 18,644.88 Million (Mid Cap)Key Metrics:P/E: 19.00 Dividend Yield: 241.59% Debt Equity: 1.64 Return on Equity: 10.95% Price to Book: 2.10 Contact Details:Address: 801 E 86th Ave, MERRILLVILLE IN: 46410-6271 Tel: ['1 219 6475200', '1 614 4604638'] Fax: 1 302 6365454 Website: https://www.nisource.com/

Q: Who are in the management team of NiSource, Inc.?

As of March 2022, the management team of NiSource, Inc. includes the following individuals:- Mr. Kevin Kabat, who serves as the Independent Chairman of the Board.- Mr. Joseph Hamrock, who is the President, Chief Executive Officer, and a Director.- Mr. Peter Altabef, who is an Independent Director.- Mr. Theodore Bunting, who is also an Independent Director.- Mr. Eric Butler, serving as an Independent Director.- Dr. Aristides Candris, who is an Independent Director.- Mr. Wayne DeVeydt, who is another Independent Director.In summary, as of March 2022, NiSource, Inc. has a management team led by Mr. Joseph Hamrock as CEO, with Mr. Kevin Kabat as Chairman and several Independent Directors.

Q: Is NiSource, Inc. overvalued or undervalued?

As of 12 February 2025, the valuation grade for NiSource, Inc. has moved from very expensive to expensive. The company is currently considered overvalued based on its financial metrics. The P/E ratio stands at 19, while the industry average P/E is higher at approximately 21.29, indicating that NiSource is trading at a premium compared to its peers. Additionally, the EV to EBITDA ratio is 12.30, which is in line with its P/E but suggests limited upside potential when compared to Atmos Energy Corp., which has a higher EV to EBITDA of 14.61.In terms of profitability, NiSource's ROE is 10.95%, which is decent, but the ROCE of 6.99% indicates that capital is not being utilized as effectively as it could be. The PEG ratio of 0.73 suggests that the stock may be undervalued relative to its growth expectations, but this is countered by its expensive valuation grade. Notably, NiSource has outperformed the S&P 500 with a 1-year return of 43.04% compared to the index's 10.26%, which may have contributed to its current elevated valuation. Overall, the combination of these factors leads to the conclusion that NiSource is overvalued in the current market environment.

Q: Is NiSource, Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for NiSource, Inc. has changed from bullish to mildly bullish. The MACD indicates a mildly bearish stance on the weekly chart, while it remains bullish on the monthly chart. The Bollinger Bands are bullish on both weekly and monthly time frames, and the daily moving averages are also bullish. However, the KST and Dow Theory show a mildly bearish trend on the weekly chart, with a mildly bullish stance on the monthly chart.In terms of performance, NiSource has outperformed the S&P 500 on a year-to-date basis with a return of 16.62% compared to 16.30%, and it has also outperformed over the past year with a return of 24.30% versus 19.89%. However, it has lagged behind the S&P 500 over the 3-year, 5-year, and 10-year periods. Overall, the current technical stance is mildly bullish, supported by the daily moving averages and Bollinger Bands, despite some mixed signals from the MACD and KST.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

5.93 M

Shareholding (Dec 2025)

FII

17.54%

Held by 315 FIIs

DII

31.41%

Held by 103 DIIs

Promoter

0.01%

How big is NiSource, Inc.?

22-Jun-2025

As of Jun 18, NiSource, Inc. has a market capitalization of $18.64 billion, with net sales of $5.93 billion and a net profit of $969 million for the latest four quarters. Shareholder's funds are $8.68 billion, and total assets are $32.46 billion.

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What does NiSource, Inc. do?

22-Jun-2025

NiSource, Inc. is an energy holding company that distributes natural gas and electricity, classified as a mid-cap company with a market cap of approximately $18.64 billion. As of March 2025, it reported net sales of $2.18 billion and a net profit of $526 million.

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Who are in the management team of NiSource, Inc.?

22-Jun-2025

As of March 2022, NiSource, Inc.'s management team is led by CEO Joseph Hamrock and Independent Chairman Kevin Kabat, along with several Independent Directors including Peter Altabef, Theodore Bunting, Eric Butler, Aristides Candris, and Wayne DeVeydt.

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Is NiSource, Inc. overvalued or undervalued?

25-Jun-2025

As of February 12, 2025, NiSource, Inc. is considered overvalued with a valuation grade of expensive, reflected by a P/E ratio of 19 compared to the industry average of 21.29, a ROCE of 6.99%, and a strong 1-year return of 43.04%, despite a PEG ratio of 0.73 suggesting potential undervaluation relative to growth expectations.

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Is NiSource, Inc. technically bullish or bearish?

05-Nov-2025

As of October 31, 2025, NiSource, Inc. shows a mildly bullish technical trend, supported by daily moving averages and Bollinger Bands, despite mixed signals from the MACD and KST, while outperforming the S&P 500 year-to-date and over the past year.

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Compare NiSource, Inc. with Similar Stocks

Atmos Energy Corp.Targa Resources Corp.Cheniere Energy Partners LP

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 6.47%

Poor long term growth as Net Sales has grown by an annual rate of 4.60% and Operating profit at 9.20% over the last 5 years
Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.52 times

Flat results in Jun 25

With ROCE of 6.99%, it has a expensive valuation with a 1.42 Enterprise value to Capital Employed

Mojo Parameters

Stock DNA

Industry

Gas

Market cap

USD 22,904 Million (Mid Cap)

P/E

23.00

Industry P/E

Dividend Yield

102.23%

Debt Equity

1.68

Return on Equity

10.69%

Price to Book

2.42

Revenue and Profits:

Net Sales:

1,903 Million

(Quarterly Results - Dec 2025)

Net Profit:

277 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

8.46%

6 Months

12.1%

1 Year

15.61%

2 Years

68.93%

3 Years

63.89%

4 Years

49.62%

5 Years

91.01%

NiSource, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

7.25%

EBIT Growth (5y)

13.81%

EBIT to Interest (avg)

2.94

Debt to EBITDA (avg)

5.52

Net Debt to Equity (avg)

1.64

Sales to Capital Employed (avg)

0.25

Tax Ratio

16.21%

Dividend Payout Ratio

57.34%

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

6.47%

ROE (avg)

9.40%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.42

EV to EBIT

21.10

EV to EBITDA

12.90

EV to Capital Employed

1.53

EV to Sales

5.83

PEG Ratio

1.37

Dividend Yield

102.23%

ROCE (Latest)

7.26%

ROE (Latest)

10.69%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Moving Averages

Mildly Bullish (Daily)

KST

Bullish

Mildly Bearish

Dow Theory

No Trend

Bullish

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 136 Schemes (50.89%)

Foreign Institutions

Held by 315 Foreign Institutions (17.54%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "field": "Interest",
          "val1": "187.30",
          "val2": "137.00",
          "chgp": "36.72%",
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          "val1": "0.00",
          "val2": "-3.20",
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          "val1": "3,003.50",
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          "chgp": "19.77%",
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          "val1": "639.00",
          "val2": "517.20",
          "chgp": "23.55%",
          "chgp_class": "negative"
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          "val1": "-0.70",
          "val2": "-6.10",
          "chgp": "88.52%",
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          "val2": "843.10",
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Quarterly Results Snapshot (Consolidated) - Dec'25 - YoY

Dec'25

Dec'24

Change(%)

Net Sales

1,902.90

1,587.80

19.85%

Operating Profit (PBDIT) excl Other Income

830.60

699.90

18.67%

Interest

187.30

137.00

36.72%

Exceptional Items

0.00

-3.20

100.00%

Consolidate Net Profit

277.20

243.60

13.79%

Operating Profit Margin (Excl OI)

270.70%

265.70%

0.50%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Dec 2025 is 19.85% vs 11.66% in Dec 2024

Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is 13.79% vs 27.14% in Dec 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

6,642.20

5,455.10

21.76%

Operating Profit (PBDIT) excl Other Income

3,003.50

2,507.70

19.77%

Interest

639.00

517.20

23.55%

Exceptional Items

-0.70

-6.10

88.52%

Consolidate Net Profit

1,010.00

843.10

19.80%

Operating Profit Margin (Excl OI)

276.40%

268.50%

0.79%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 21.76% vs -0.91% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 19.80% vs 25.13% in Dec 2024

All Annual Results

Company CV

About NiSource, Inc.

NiSource, Inc.

Gas

NiSource Inc. is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company's Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts. As of December 31, 2016, the Company's Electric Operations segment provided electric services in 20 counties in the northern part of Indiana. The Company's electric operations segment generated, transmitted and distributed electricity through the Company's subsidiary NIPSCO to approximately 466,000 customers in 20 counties in the northern part of Indiana and engaged in wholesale and transmission transactions, as of December 31, 2016. NIPSCO owned and operated three coal-fired electric generating stations, as of December 31, 2016.

Company Coordinates

Company Details

801 E 86th Ave , MERRILLVILLE IN : 46410-6271

Tel: 1 219 64752001 614 4604638

https://www.nisource.com/

Registrar Details