NI
NiSource Inc.
NYSEUSDEQUITY
Utilities
DELAYED
Last price
40.62
▼ 1.02 (2.45%)
MARKET · —
Price
Open
41.64
Prev close
41.64
Day high
42.04
Day low
40.61
Volume
4.05M
Market cap
$19.48B
P/E (TTM)
21.61
52W range
38.45 – 49.21
Trailing performance
Returnvs SPY
1W
-4.42%
-3.1%
1M
-13.11%
-16.8%
3M
-14.86%
-18.0%
6M
-12.40%
-23.5%
YTD
-2.73%
-15.0%
1Y
-4.51%
-24.5%
3Y
+54.92%
-19.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$19.48B
Enterprise value$39.17B
Revenue (TTM)$6.88B
Gross profit$3.51B
EBITDA$3.03B
Net income$906.00M
EPS (TTM)$1.88
Free cash flow$-1.77B
Total cash$70.00M
Total debt$17.44B
Book value / share$20.15
Shares outstanding479.56M
Float477.70M
Short % of float3.57%
Dividend yield2.88%
Beta (5Y)0.55
Valuation & profitability ratios
Trailing P/E21.61
Forward P/E18.02
PEG ratio2.37
Price / sales—
Price / book2.02
EV / revenue5.69
EV / EBITDA12.95
Gross margin50.97%
Operating margin17.16%
Profit margin13.15%
Return on equity8.55%
Return on assets3.24%
Debt / equity146.65
Current ratio0.50
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $6.61B | $5.52B | $5.57B | $5.83B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $929.50M | $739.70M | $661.70M | $749.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $929.50M | $739.70M | $661.70M | $749.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.16 | 0.16 | +1.5% |
| Mar 2026 | 1.05 | 1.06 | +1.4% |
| Dec 2025 | 0.50 | 0.51 | +2.9% |
| Sep 2025 | 0.20 | 0.19 | -3.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.22 | 7 | $0 | — |
| Next quarter | 0.62 | 7 | $0 | — |
| Current year | 2.05 | 13 | $7.19B | +8.8% |
| Next year | 2.25 | 15 | $7.61B | +5.8% |
Analyst targets & ownership
Mean target$50.07
High target$55.00
Low target$43.00
Implied upside23.27%
Analyst count14
ConsensusBUY
Strong buy / Buy3 / 9
Hold3
Sell / Strong sell0 / 0
Held by insiders0.35%
Held by institutions98.13%
Institutions holding1.23K
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+551.52K
Net buying
Buy transactions
19
636.43K shares
Sell transactions
4
84.91K shares
Net transactions
+23
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
1.66M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | BIRMINGHAM-BYRD MELODY Officer |
SELL | 37.51K | $1.59M | Direct |
| May 22, 26 | BERMAN MELANIE B Officer |
SELL | 15.00K | $715.20K | Direct |
| May 21, 26 | YATES LLOYD M Chief Executive Officer |
SELL | 19.91K | $950.07K | Direct |
| May 20, 26 | BIRMINGHAM-BYRD MELODY Officer |
SELL | 12.50K | $590.42K | Direct |
| May 11, 26 | LEE CASSANDRA S Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | HERSMAN DEBORAH A. P. Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | BUTLER ERIC L. Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | MCAVOY JOHN Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | BARBOUR SONDRA L Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | ALTABEF PETER A Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | HENRETTA DEBORAH ANN Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | JOHNSON WILLIAM D Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | BUNTING THEODORE H JR Director |
STOCK | 3.81K | $179.04K | Direct |
| May 11, 26 | JESANIS MICHAEL E Director |
STOCK | 3.81K | $179.04K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ALTABEF PETER A |
Director | 56.62K | Stock Award(Grant) |
ANDERSON SHAWN |
Chief Financial Officer | 165.91K | Stock Award(Grant) |
BIRMINGHAM-BYRD MELODY |
Officer | 78.53K | Sale |
BUTLER ERIC L. |
Director | 67.69K | Stock Award(Grant) |
CUCCIA KIMBERLY S |
General Counsel | 66.59K | Stock Award(Grant) |
HENRETTA DEBORAH ANN |
Director | 77.15K | Stock Award(Grant) |
JEFFERSON WILLIAM JR. |
Chief Operating Officer | 98.38K | Stock Award(Grant) |
KABAT KEVIN T |
Director | 66.45K | Stock Award(Grant) |
LUHRS MICHAEL |
Officer | 120.18K | Stock Award(Grant) |
YATES LLOYD M |
Chief Executive Officer | 519.56K | Sale |
Moving averages & technicals
SMA 10
41.87
-2.99% from price
SMA 20
43.13
-5.81% from price
SMA 50
45.45
-10.64% from price
SMA 100
46.35
-12.37% from price
SMA 200
45.16
-10.05% from price
EMA 12
42.22
-3.79% from price
EMA 26
43.44
-6.50% from price
EMA 50
44.61
-8.95% from price
RSI (14)
25.1
Oversold
MACD (12,26,9)
-1.22
Hist -0.10
ATR (14)
0.97
2.39% of price
Realised vol 30D
20.5%
Annualised
Bollinger upper
46.12
20, 2σ
Bollinger lower
40.14
20, 2σ
50 / 200 cross
Golden
45.45 vs 45.16
Trend bias
Below 200
-10.05%
Risk profile
Beta vs SPY
0.15
Less volatile than market
Correlation to SPY
0.10
Largely independent
Realised vol 30D
20.5%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-17.2%
Peak to trough
Max drawdown 5Y
-28.6%
Peak to trough
ATR 14
0.97
2.39% of price
Beta (reported)
0.55
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.93
Call-heavy session
Put / call open interest
1.50
Positioning, not flow
Max pain
45.00
+10.8% from spot
ATM implied vol
34.1%
Nearest strike to spot
Skew (10% OTM)
-13.9%
Calls bid over puts
Call volume
15
Contracts, this expiry
Put volume
14
Contracts, this expiry
Heaviest call OI
45.00
64 contracts
Heaviest put OI
40.00
81 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
NiSource (NI): A Costly Quarter Masks A Bigger Bet
Insider Monkey · 6d ago
NiSource (NI) Q2 2026 Earnings Call Transcript
Motley Fool · 9d ago
NiSource Declares Common Stock Dividend
Business Wire · 11d ago
The Bull Case For NiSource (NI) Could Change Following Q2 Profit Drop Despite Higher Revenue
Simply Wall St. · 12d ago
NiSource (NI) Reports Mixed Q2 Results, Is It Still 15% Below Fair Value?
Simply Wall St. · 13d ago
NiSource Q2 Earnings Call Highlights
MarketBeat · 14d ago
NiSource Stock Outlook: Is Wall Street Bullish or Bearish?
Barchart · 15d ago
Mizuho Securities Adjusts NiSource Price Target to $50 From $52
MT Newswires · 16d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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