NiSource Inc. (NI) is a regulated utility company based in Indiana that provides natural gas and electric services to nearly 4 million customers across six U.S. states. Valued at $18.6 billion by market cap, it operates primarily through its Columbia Gas and NIPSCO brands, focusing on infrastructure investment and clean energy transition.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and NI perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the utilities-regulated gas industry. It plays a crucial role in regional energy delivery while navigating the clean energy transition and regulatory environment.
NI has slipped 2.3% from its 52-week high of $41.44. Over the past three months, NI stock has gained 3.3%, slightly surpassing the Utilities Select Sector SPDR Fund’s (XLU) 3.2% rise during the same time frame.
NI shares have climbed 10.2% in 2025 and 43% over the past 52 weeks, outperforming XLU’s 7.3% YTD rise and 17.1% returns over the last year.
To confirm the bullish trend, NI has been trading above its 200-day moving average over the past year, and over its 50-day moving average since early June.
On May 7, NI shares popped 2.9% after reporting its Q1 results. Its adjusted EPS of $0.98 beat Wall Street expectations of $0.90, while operating revenue grew approximately 28% year-over-year to $2.18 billion. The company reaffirmed its full-year adjusted EPS guidance of $1.85–$1.89 and maintained its long-term annual EPS growth target of 6–8% through 2029.
In the competitive arena of utilities-regulated gas, Atmos Energy Corporation (ATO) has taken the lead over NI, showing resilience with 34.5% gains over the past 52 weeks and a 12.3% uptick on a YTD basis.
Wall Street analysts are very bullish on NI’s prospects. The stock has a consensus “Strong Buy” rating from the 15 analysts covering it, and the mean price target of $43.28 suggests a potential upside of 6.8% from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
