Valued at a market cap of $14.1 billion, NiSource Inc. (NI) is an energy holding company and together with its subsidiaries provides natural gas and electricity. The Merrillville, Indiana-based company operates in two segments: Gas Distribution Operations and Electric Operations.
Shares of this electric and gas utility company have underperformed the broader market over the past 52 weeks. NI has gained 17.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 19.7%. But in 2024, things are looking up - NI’s stock is up 19.1%, surpassing SPX's 12.1% rise on a YTD basis.
