NI
Utilities · Utilities - Regulated Gas
Performance
NI (NI) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
NI (NI) operates in the Utilities - Regulated Gas space within the Utilities sector. With a market cap of $22.9B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.
- Forward P/E (21.3×) is lower than trailing P/E (23.8×) — analysts expect earnings to improve
- Revenue growth of 8% YoY shows solid business momentum
- Healthy profit margin of 14.1%
- Dividend yield of 2.53% provides consistent income on top of price appreciation
- Low beta of 0.55 — less volatile than the market, suitable for conservative portfolios
- High debt-to-equity of 140.91× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.65×) — short-term liabilities exceed current assets
- Price is near its 52-week high — limited near-term upside, higher pullback risk
Verdict
Buy / Hold
More positives than negatives. Fundamentals support holding while monitoring key risks.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
2.53%
5Y Avg Annual
$0.9440
Last Payment
$0.3000
Ex-Date
04/30/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest04/30/2026 | 05/20/2026 | $0.3000 | 2.51% |
02/03/2026 | 02/23/2026 | $0.3000 | 2.51% |
10/31/2025 | 11/20/2025 | $0.2800 | 2.34% |
07/31/2025 | 08/20/2025 | $0.2800 | 2.34% |
04/30/2025 | 05/20/2025 | $0.2800 | 2.34% |
02/03/2025 | 02/23/2025 | $0.2800 | 2.34% |
10/31/2024 | 11/20/2024 | $0.2650 | 2.22% |
07/31/2024 | 08/20/2024 | $0.2650 | 2.22% |
Magic Number
Shares needed to self-fund your next purchase
$47.85
Price
$0.3000
Last div. (quarterly)
160
shares
Own 160 NI shares ($7,656.00) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$7,656.00
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
Next Earnings
Aug 5, 2026
50
days
EPS (TTM)
$2.01
P/E (TTM)
23.8
Fwd P/E
21.3
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $47.85
Graham Number
√(22.5 × EPS × Book Value)
$30.19
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$16.67
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
7/10
70% score
Pays dividends
15Y hist.15+ years of dividend history
Dividend consistency (5Y+)
15 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
9.1%Return on equity — measures how efficiently capital is used
Positive profit margin
14.1%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
+8.2%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+6.0%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
140.91×Low financial leverage reduces risk of distress
Current ratio above 1
0.65×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$199M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
2.53%Stock must distribute income to shareholders
Related Assets
Utilities
About NI
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
Sector
Utilities
Industry
Utilities - Regulated Gas
Location
Merrillville, United States
Employees
7,668