Merrillville, Indiana-based NiSource Inc. (NI) is a regulated natural gas and electric utility company that provides natural gas and electricity to residential, commercial, and industrial customers. Valued at a market cap of $16.9 billion, the company serves its customers across six states through its local Columbia Gas and NIPSCO brands.
Companies valued at over $10 billion are typically classified as “large-cap stocks,” and NiSource fits the label perfectly with its market cap exceeding this threshold. The company distributes natural gas to approximately 3.3 million customers through nearly 55,000 miles of distribution main pipeline and the associated individual customer service lines.
