Headquartered in Merrillville, Indiana, NiSource Inc. (NI) is a leading energy holding company. With a market cap of $12.54 billion, it operates one of the nation's largest natural gas distribution networks by customer count. NiSource's principal subsidiary, NiSource Gas Distribution Group, Inc., oversees natural gas distribution to residential, commercial, and industrial customers. The majority of NiSource's operating income is derived from its rate-regulated businesses, highlighting its strong presence in the regulated utility sector.
NiSource shares significantly underperformed the broader market over the past year. The stock has gained 4.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 24.5%. In 2024, NI stock has gained 5.4%, while the SPX is up 9.8% on a YTD basis.
