NYSE: NI
NiSource Inc.
Utilities · Regulated Gas
Market Cap
$22.66B
52w High
$48.98
52w Low
$38.45
P/E
23.63
Volume
2.94M
Outstanding Shares
479.44M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 20.32% over the last year. Revenue grew 15.01% over the trailing twelve months. Operating margin moved from 27.5% to 27.78%. Free cash flow declined 22.52% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 27.78%. A decisive move in revenue — currently up 15.01% — would be the clearest signal to resolve the ambiguity.
Company profile
NiSource Inc. operates as an energy holding company, primarily functioning as a regulated natural gas and electric utility within the United States.
Valuation
Stock splits
Every 200 shares became 509
Every 1 shares became 2
Profitability & growth
Analyst consensus
16
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 5, 2026
Q3 FY26 · EPS est $0.21 · Revenue est $1.19B
View
Dividends
$1.18/shareQuarterlyDividend Achiever · 12yrAt RiskNI pays a dividend with a 2.5% declared yield, 12 consecutive years of growth, growing at 6.29% annually, covered -0.8× by free cash flow.
Declared Yield
2.5%
Annual Div / Share
$1.18
5yr CAGR
+6.29%
Doubles every ~11.4yr
Payout Ratio
56.91%
At Risk
Dividend Growth Rate
3yr CAGR
+6.21%
5yr CAGR
+6.29%
10yr CAGR
+6.48%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$25/yr $2/mo | $34/yr+36% $3/mo | $46/yr+84% $4/mo |
Yield-on-cost grows from 2.5% → 4.59% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
NI has raised its dividend for 12 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 6.29% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.79× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.