With a market cap of around $21 billion, NiSource Inc. (NI) provides natural gas and electric utility services across several U.S. states, serving approximately 2.9 million residential, commercial, and industrial customers. It operates through its Columbia Operations and NIPSCO Operations segments, with a diverse portfolio of natural gas, coal, wind, hydro, and solar generation assets.
Shares of the Merrillville, Indiana-based company have outperformed the broader market over the past 52 weeks. NI stock has surged 17.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 14.8%. Moreover, the stock has returned 5.5% on a YTD basis, compared to SPX's 1.3% rise.
