NiSource (NI)
NYSEUtilitiesRegulated GasSnapshot 2026-10-29
$44.57-0.40%
Close 2026-10-30 · 1-day change
NYSEUtilitiesRegulated GasSnapshot 2026-10-29
Research Workspace
Put NI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Multi-Utilities is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Recent financial performance freshly dropped to the bottom half of its industry.
View ThesisRevenue is growing steadily — about 15% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationRelatively steady — typically moves about 1% a day.
View RiskNI depends on data-center power deals and its planned earnings growth. Recent financial performance is weak, despite the latest quarterly earnings beat. The latest quarter beat earnings expectations by 22.7%. The earlier quarter missed expectations. NI trades at 1.8 times book value, versus peers at 2.0 times. The market expects more growth than our forecast. The main risk is NI’s recent performance falling into its industry’s bottom half. Reported profits are not well backed by cash. Peer multiples imply a price about 8% below where it trades. The thesis has broken, and this read is provisional.
Trailing returns as of 2026-10-30. NI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 18 analysts currently covering NI (as of Oct 2026).
Based on 5 Wall Street analysts offering 12-month price targets for NI in the last 4 months.
Continue this research
Compare NI with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Multi-Utilities — fair value, gap to price, and forward P/E.
Compare the value case
Put NI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Advance data center agreements and customer savings
Long-term energy deal supports data-center growth, though headline alone provides limited details.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $44.57
The last 12 months of price, then the range of analyst 12-month targets from today’s $44.57.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Advance data center strategy with Amazon and Alphabet agreements
Data-center development is delivering tangible customer savings, supporting the strategy’s benefits.
Advances: Deliver 9%-10% EPS CAGR from 2026 through 2033
2027 EPS outlook and 10%-11% CAGR projection exceed tracked long-term growth target.
Advances: Advance data center strategy with Amazon and Alphabet agreements
Microsoft power deal supports data-center strategy, though it does not establish an agreement with Amazon or Alphabet.
Regulatory scrutiny could impact capital investment plans.
Threatens: Execute $28B+ capital investment plan through 2030
Investigation may hinder capital investment execution.
Threatens: Execute $28B+ capital investment plan through 2030
Power outages may hinder capital investment execution.
Legal issues could impact capital investment and operational performance.
