NiSource (NI) Stock Price & Analysis

NI price $44.78 +0.91 +2.07%

Ticker
NI
Price
$44.78
Change
+0.91 +2.07%
Market cap ?
$21.47B
P/E ?
22.27
Forward P/E ?
21.80
Dividend yield ?
2.69%
Beta ?
0.54
Sector
Utilities
Industry
Regulated Gas
Stocklytics score
36
Value
28
Quality
26
Growth
54

Stocklytics score rationale: value 28, quality 26, growth 54.

Financials

2016201720182019202020212022202320242025
4492500000487460000051145000005208900000468170000048996000005850600000550540000054551000006642200000

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles…

Fair value

NI fair value $29.51. Price $44.78. Price is 52% above fair value.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.00B. Growth 6.80%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 479.44M. Net debt 16.10B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare NI

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-10—0.59—1.98B
2026-10-280.270.231.37B1.34B
2026-08-050.160.161.34B1.15B
2026-05-061.061.052.36B2.52B
2026-02-110.510.501.90B1.43B
2025-10-290.190.201.27B1.20B
2025-08-060.220.201.28B1.21B
2025-05-070.980.902.18B2.16B
2025-02-120.490.481.59B1.78B
2024-10-300.200.161.08B986.00M
2024-08-070.210.171.08B905.26M
2024-05-080.850.831.71B2.37B
2024-02-210.530.541.42B1.69B
2023-11-010.190.161.03B1.08B
2023-08-020.110.111.09B1.02B
2023-05-030.770.751.97B1.87B
2023-02-220.500.485.85B1.39B
2022-11-070.100.111.09B1.02B
2022-08-030.120.121.18B1.06B
2022-05-040.750.781.87B1.69B
2022-02-230.390.361.41B1.51B
2021-11-030.110.09959.40M863.46M
2021-08-040.130.13986.00M986.00M
2021-05-050.770.771.55B1.79B
2021-02-170.340.321.21B1.17B
2020-11-020.090.03902.50M902.50M
2020-08-050.130.07962.70M592.43M
2020-05-060.760.801.61B1.69B
2020-02-260.450.421.40B1.34B
2019-10-300.02—931.50M2.10B
2019-07-310.050.051.01B1.21B
2019-05-010.820.771.87B1.76B
2019-02-200.380.371.46B1.38B
2018-11-010.100.06895.00M738.37M
2018-08-010.070.091.01B1.29B
2018-05-020.770.761.75B1.73B
2018-02-200.330.321.37B1.33B
2017-11-010.070.07917.00M917.00M
2017-08-020.100.10990.70M990.70M
2017-05-030.710.671.60B1.51B

Dividends

Yield 2.64%. Payout ratio 76.67%. Frequency Quarterly.

Safety score 75/100 · Safe. Payout ratio is 77% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 42 separate years. Yield is 2.6%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-10-30$0.302026-10-302026-11-20Quarterly
2026-07-31$0.302026-07-312026-08-20Quarterly
2026-04-30$0.302026-04-302026-05-20Quarterly
2026-02-03$0.302026-02-032026-02-20Quarterly
2025-10-31$0.282025-10-312025-11-20Quarterly
2025-07-31$0.282025-07-312025-08-20Quarterly
2025-04-30$0.282025-04-302025-05-20Quarterly
2025-02-03$0.282025-02-032025-02-20Quarterly
2024-10-31$0.272024-10-312024-11-20Quarterly
2024-07-31$0.272024-07-312024-08-20Quarterly
2024-04-29$0.272024-04-302024-05-20Quarterly
2024-02-02$0.272024-02-052024-02-20Quarterly
2023-10-30$0.252023-10-312023-11-20Quarterly
2023-07-28$0.252023-07-312023-08-18Quarterly
2023-04-27$0.252023-04-282023-05-19Quarterly
2023-02-06$0.252023-02-072023-02-17Quarterly
2022-10-28$0.232022-10-312022-11-18Quarterly
2022-07-28$0.232022-07-292022-08-19Quarterly
2022-04-28$0.232022-04-292022-05-20Quarterly
2022-02-07$0.232022-02-082022-02-18Quarterly
2021-10-28$0.222021-10-292021-11-19Quarterly
2021-07-29$0.222021-07-302021-08-20Quarterly
2021-04-29$0.222021-04-302021-05-20Quarterly
2021-02-08$0.222021-02-092021-02-19Quarterly
2020-10-29$0.212020-10-302020-11-20Quarterly
2020-07-30$0.212020-07-312020-08-20Quarterly
2020-04-29$0.212020-04-302020-05-20Quarterly
2020-02-10$0.212020-02-112020-02-20Quarterly
2019-10-30$0.202019-10-312019-11-20Quarterly
2019-07-30$0.202019-07-312019-08-20Quarterly
2019-04-29$0.202019-04-302019-05-20Quarterly
2019-02-08$0.202019-02-112019-02-20Quarterly
2018-10-30$0.202018-10-312018-11-20Quarterly
2018-07-30$0.202018-07-312018-08-20Quarterly
2018-04-27$0.202018-04-302018-05-18Quarterly
2018-02-08$0.202018-02-092018-02-20Quarterly
2017-10-30$0.172017-10-312017-11-20Quarterly
2017-07-27$0.172017-07-312017-08-18Quarterly
2017-04-26$0.172017-04-282017-05-19Quarterly
2017-02-08$0.172017-02-102017-02-17Quarterly
2016-10-27$0.172016-10-312016-11-18Quarterly
2016-07-27$0.172016-07-292016-08-19Quarterly
2016-04-27$0.152016-04-292016-05-20Quarterly
2016-02-04$0.152016-02-082016-02-19Quarterly
2015-10-28$0.152015-10-302015-11-20Quarterly
2015-07-29$0.152015-07-312015-08-20Quarterly
2015-04-28$0.102015-04-302015-05-20Quarterly
2015-02-05$0.102015-02-092015-02-20Quarterly
2014-10-29$0.102014-10-312014-11-20Quarterly
2014-07-29$0.102014-07-312014-08-20Quarterly
2014-04-28$0.102014-04-302014-05-20Quarterly
2014-02-06$0.102014-02-102014-02-20Quarterly
2013-10-29$0.102013-10-312013-11-20Quarterly
2013-07-29$0.102013-07-312013-08-20Quarterly
2013-04-26$0.092013-04-302013-05-20Quarterly
2013-01-31$0.092013-02-042013-02-20Quarterly
2012-10-29$0.242012-10-312012-11-20Quarterly
2012-07-27$0.092012-07-312012-08-20Quarterly
2012-04-26$0.092012-04-302012-05-18Quarterly
2012-02-02$0.092012-02-062012-02-20Quarterly
2011-10-27$0.092011-10-312011-11-18Quarterly
2011-07-27$0.092011-07-292011-08-19Quarterly
2011-04-27$0.092011-04-292011-05-20Quarterly
2011-01-27$0.092011-01-312011-02-18Quarterly
2010-10-27$0.092010-10-292010-11-19Quarterly
2010-07-28$0.092010-07-302010-08-20Quarterly
2010-04-28$0.092010-04-302010-05-20Quarterly
2010-01-27$0.092010-01-292010-02-19Quarterly
2009-10-28$0.092009-10-302009-11-20Quarterly
2009-07-29$0.092009-07-312009-08-20Quarterly
2009-04-28$0.092009-04-302009-05-20Quarterly
2009-01-28$0.092009-01-302009-02-20Quarterly
2008-10-29$0.092008-10-312008-11-20Quarterly
2008-07-29$0.092008-07-312008-08-20Quarterly
2008-04-28$0.092008-04-302008-05-20Quarterly
2008-01-29$0.092008-01-312008-02-20Quarterly
2007-10-29$0.092007-10-312007-11-20Quarterly
2007-07-27$0.092007-07-312007-08-20Quarterly
2007-04-26$0.092007-04-302007-05-18Quarterly
2007-01-29$0.092007-01-312007-02-20Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-08-14BIRMINGHAM MELODYSell37.51K$42.401.59M
2026-07-13Jesanis Michael EBuy30.19K——
2026-05-22Berman Melanie B.Sell15.00K$47.68715.20K
2026-05-21Yates Lloyd MSell19.91K$47.73950.07K
2026-05-20BIRMINGHAM MELODYSell2.50K$47.43118.58K
2026-05-14BIRMINGHAM MELODYSell10.00K$47.19471.85K
2026-05-11Lee Cassandra S.Buy3.81K$47.03179.04K
2026-05-11McAvoy JohnBuy3.81K$47.03179.04K
2026-05-11KABAT KEVIN TBuy3.81K$47.03179.04K
2026-05-11JOHNSON WILLIAM DBuy3.81K$47.03179.04K
2026-05-11Jesanis Michael EBuy3.81K$47.03179.04K
2026-05-11Hersman DeborahBuy3.81K$47.03179.04K
2026-05-11HENRETTA DEBORAH ABuy3.81K$47.03179.04K
2026-05-11BUTLER ERIC LBuy3.81K$47.03179.04K
2026-05-11Bunting Theodore H JRBuy3.81K$47.03179.04K
2026-05-11Barbour Sondra LBuy3.81K$47.03179.04K
2026-05-11ALTABEF PETERBuy3.81K$47.03179.04K
2026-02-27Yates Lloyd MBuy275.96K$47.3013.05M
2026-02-27Yates Lloyd MSell117.28K$47.305.55M
2026-02-27Yates Lloyd MSell15.43K$47.30729.98K
2026-02-27Luhrs MichaelBuy61.81K$47.302.92M
2026-02-27Luhrs MichaelSell27.57K$47.301.30M
2026-02-27Luhrs MichaelSell3.63K$47.30171.60K
2026-02-27Jefferson William Jr.Buy60.62K$47.302.87M
2026-02-27Jefferson William Jr.Sell25.50K$47.301.21M
2026-02-27Jefferson William Jr.Sell3.48K$47.30164.51K
2026-02-27Gode GunnarBuy6.42K$47.30303.67K
2026-02-27Gode GunnarSell1.90K$47.3089.96K
2026-02-27Gode GunnarSell667$47.3031.55K
2026-02-27Cuccia Kimberly SBuy30.74K$47.301.45M
2026-02-27Cuccia Kimberly SSell12.11K$47.30572.76K
2026-02-27Cuccia Kimberly SSell3.09K$47.30146.30K
2026-02-27BIRMINGHAM MELODYBuy71.09K$47.303.36M
2026-02-27BIRMINGHAM MELODYSell30.43K$47.301.44M
2026-02-27BIRMINGHAM MELODYSell4.11K$47.30194.31K
2026-02-27Berman Melanie B.Buy31.47K$47.301.49M
2026-02-27Berman Melanie B.Sell11.67K$47.30552.13K
2026-02-27Berman Melanie B.Sell3.17K$47.30149.75K
2026-02-27Anderson ShawnBuy23.88K$47.301.13M
2026-02-27Anderson ShawnSell13.71K$47.30648.25K
2026-02-27Anderson ShawnSell10.06K$47.30475.65K
2026-02-27Anderson ShawnBuy32.55K$47.301.54M
2026-02-27Anderson ShawnSell4.41K$47.30208.78K
2026-02-18Gode GunnarSell2.17K$46.00100.05K
2026-02-13Anderson ShawnSell12.50K$45.01562.62K
2026-01-26Anderson ShawnSell7.84K$43.91344.21K
2026-01-22Yates Lloyd MBuy43.66K$43.521.90M
2026-01-22Luhrs MichaelSell5.39K$43.52234.70K
2026-01-21Luhrs MichaelBuy6.85K$43.79300.01K
2026-01-21Jefferson William Jr.Buy6.85K$43.79300.01K
2026-01-21Gode GunnarBuy1.70K$43.7974.53K
2026-01-21Cuccia Kimberly SBuy5.94K$43.79259.98K
2026-01-21BIRMINGHAM MELODYBuy7.31K$43.79320.02K
2026-01-21Berman Melanie B.Buy5.48K$43.79240.01K
2026-01-21Anderson ShawnBuy8.45K$43.79369.98K
2025-11-25Cuccia Kimberly SSell8.00K$43.13345.04K
2025-08-28Anderson ShawnSell11.12K$42.33470.50K
2025-08-11Gode GunnarBuy605$42.1525.50K
2025-05-30Berman Melanie B.Sell6.23K$39.42245.50K
2025-05-16Yates Lloyd MSell16.13K$38.93627.82K
2025-05-14Jesanis Michael ESell6.18K$37.81233.59K
2025-05-13Jesanis Michael ESell4.00K$38.22152.88K
2025-05-12McAvoy JohnBuy4.54K$38.32174.01K
2025-05-12Lee Cassandra S.Buy4.54K$38.32174.01K
2025-05-12KABAT KEVIN TBuy4.54K$38.32174.01K
2025-05-12JOHNSON WILLIAM DBuy4.54K$38.32174.01K
2025-05-12Jesanis Michael EBuy4.54K$38.32174.01K
2025-05-12Jesanis Michael EBuy30.19K——
2025-05-12Jesanis Michael ESell30.19K——
2025-05-12Hersman DeborahBuy4.54K$38.32174.01K
2025-05-12HENRETTA DEBORAH ABuy4.54K$38.32174.01K
2025-05-12BUTLER ERIC LBuy4.54K$38.32174.01K
2025-05-12Bunting Theodore H JRBuy4.54K$38.32174.01K
2025-05-12Barbour Sondra LBuy4.54K$38.32174.01K
2025-05-12ALTABEF PETERBuy4.54K$38.32174.01K
2025-03-27Luhrs MichaelSell4.75K$39.75188.93K
2025-03-03Anderson ShawnSell12.90K$40.79526.19K
2025-02-28Yates Lloyd MBuy233.69K$40.819.54M
2025-02-28Yates Lloyd MSell96.16K$40.813.92M
2025-02-28Yates Lloyd MSell12.65K$40.81516.37K
2025-02-28Jefferson William Jr.Buy36.04K$40.811.47M
2025-02-28Jefferson William Jr.Sell15.05K$40.81614.07K
2025-02-28Jefferson William Jr.Sell1.98K$40.8180.80K
2025-02-28Gode GunnarBuy7.40K$40.81302.12K
2025-02-28Gode GunnarSell2.25K$40.8191.74K
2025-02-28Gode GunnarSell788$40.8132.16K
2025-02-28Cuccia Kimberly SBuy17.87K$40.81729.19K
2025-02-28Cuccia Kimberly SSell6.61K$40.81269.75K
2025-02-28Cuccia Kimberly SSell2.23K$40.8190.84K
2025-02-28Birmingham MelodyBuy63.23K$40.812.58M
2025-02-28Birmingham MelodySell27.42K$40.811.12M
2025-02-28Birmingham MelodySell3.61K$40.81147.24K
2025-02-28Berman Melanie B.Buy14.54K$40.81593.46K
2025-02-28Berman Melanie B.Sell3.98K$40.81162.34K
2025-02-28Berman Melanie B.Sell1.39K$40.8156.69K
2025-02-28Anderson ShawnBuy22.72K$40.81927.20K
2025-02-28Anderson ShawnSell9.89K$40.81403.53K
2025-02-28Anderson ShawnSell2.20K$40.8189.62K
2025-02-14Gode GunnarSell5.50K$39.92219.56K
2025-01-28Anderson ShawnSell7.32K$36.42266.59K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 928, holders +33 vs prior quarter. Ownership 97.20%.

HolderSharesChangeChange %Value
BLACKROCK, INC.54.96M3.48M+6.77%2.61B
VANGUARD CAPITAL MANAGEMENT LLC31.35M208.30K+0.67%1.49B
T. ROWE PRICE INVESTMENT MANAGEMENT, INC.29.84M-19.98M-40.11%1.42B
STATE STREET CORP27.62M520.36K+1.92%1.31B
VANGUARD PORTFOLIO MANAGEMENT LLC27.07M87.00K+0.32%1.29B
GEODE CAPITAL MANAGEMENT, LLC12.92M306.86K+2.43%611.92M
DEUTSCHE BANK AG\12.08M359.63K+3.07%574.29M
FMR LLC10.17M945.92K+10.25%483.59M
JENNISON ASSOCIATES LLC9.24M13.83K+0.15%439.14M
INVESCO LTD.7.79M-1.46K-0.02%370.42M
NORGES BANK7.79M7.79MNew370.40M
JPMORGAN CHASE & CO6.96M-1.60M-18.69%335.28M
FRANKLIN TEMPLETON INC5.93M-59.16K-0.99%281.84M
MORGAN STANLEY5.58M102.05K+1.86%265.49M
NEWPORT TRUST COMPANY, LLC5.42M-180.91K-3.23%257.55M
PICTET ASSET MANAGEMENT HOLDING SA5.00M189.46K+3.94%237.82M
COHEN & STEERS, INC.4.94M245.62K+5.23%235.07M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC4.52M43.10K+0.96%214.72M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.4.52M4.52MNew214.72M
SOROBAN CAPITAL PARTNERS LP4.49M00.00%213.66M
NORTHERN TRUST CORP4.42M168.06K+3.95%210.31M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC4.38M183.32K+4.37%208.36M
GOLDMAN SACHS GROUP INC4.35M455.73K+11.71%206.67M
ZIMMER PARTNERS, LP4.28M-865.70K-16.83%203.38M
REAVES W H & CO INC4.09M-23.66K-0.58%194.42M

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NiSource (NI) Stock Price & Analysis

NI$44.78+0.91 +2.07%

$21.47B

Market Cap

22.27

P/E

21.80

Forward P/E

36

Score

Price History