Valued at a market cap of $15.4 billion, NiSource Inc. (NI) is an energy holding company. The Merrillville, Indiana-based company provides natural gas and electricity to millions of customers across several states in the U.S., focusing on regulated distribution and generation operations.
Companies valued at $10 billion or more are generally considered “large-cap” stocks, and NiSource fits this criterion perfectly, exceeding the mark. NiSource is renowned for its extensive natural gas distribution network, which spans nearly 60,000 miles and serves millions of customers across multiple states while also committing to a significant transition towards renewable energy sources and reducing carbon emissions.
