With a market cap of $16.8 billion, Merrillville, Indiana-based NiSource Inc. (NI) provides regulated natural gas and electric services in the U.S. It serves millions through its extensive gas distribution network and electric generation facilities, primarily across the Midwest and Northeast.
Shares of the energy holding company have outperformed the broader market over the past 52 weeks. NI has risen 43.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 35.5%. In 2024, shares of NI are up 35.4%, compared to SPX’s 25.5% gain on a YTD basis.
