Overview Dividends

(NI) NiSource - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US65473P1057

Natural Gas, Electricity, Utility

NI EPS (Earnings per Share)

EPS (Earnings per Share) of NI over the last years for every Quarter: "2020-09": 0.09, "2020-12": 0.34, "2021-03": 0.77, "2021-06": 0.13, "2021-09": 0.11, "2021-12": 0.39, "2022-03": 0.75, "2022-06": 0.12, "2022-09": 0.1, "2022-12": 0.5, "2023-03": 0.77, "2023-06": 0.11, "2023-09": 0.19, "2023-12": 0.53, "2024-03": 0.85, "2024-06": 0.21, "2024-09": 0.2, "2024-12": 0.49, "2025-03": 0.98, "2025-06": 0.22, "2025-09": 0.19,
EPS Growth (3Y CAGR): -29.66%
EPS Trend (3Y Correlation): -10.8%

NI Revenue

Revenue of NI over the last years for every Quarter: 2020-09: 902.5, 2020-12: 1211, 2021-03: 1545.6, 2021-06: 986, 2021-09: 959.4, 2021-12: 1408.6, 2022-03: 1873.3, 2022-06: 1183.2, 2022-09: 1089.5, 2022-12: 1704.6, 2023-03: 1966, 2023-06: 1090, 2023-09: 1027.4, 2023-12: 1422, 2024-03: 1706.3, 2024-06: 1084.7, 2024-09: 1076.3, 2024-12: 1587.8, 2025-03: 2183.2, 2025-06: 1283, 2025-09: 1273.1,
Revenue Growth (3Y CAGR): -10.07%
Revenue Trend (3Y Correlation): -6.4%

Description: NI NiSource October 16, 2025

NiSource Inc. (NYSE:NI) is a regulated utility holding company that serves roughly 2.4 million natural-gas customers and 0.5 million electric customers across Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and northern Indiana. The business operates two segments-Columbia Operations and NIPSCO Operations-maintaining about 37,200 mi of gas distribution mains, 330 mi of transmission pipelines, and a diversified generation fleet that includes steam-coal, combined-cycle gas, hydro, wind, and solar assets.

Recent quarterly filings show a dividend yield near 5 % and a credit rating of A- (S&P), reflecting the sector’s stable cash flows but also exposure to declining coal utilization. Capital-expenditure guidance for 2025 targets roughly $1.2 bn, with a strategic emphasis on expanding renewable capacity (wind and solar) to meet state-level clean-energy mandates. A key macro driver is natural-gas price volatility, which can swing earnings by ±10 % given the company’s gas-heavy generation mix.

For a deeper quantitative view of NiSource’s valuation and risk profile, the ValueRay platform offers tools that can help you assess whether the stock aligns with your investment criteria.

NI Stock Overview

Market Cap in USD 19,937m
Sub-Industry Multi-Utilities
IPO / Inception 1984-10-19

NI Stock Ratings

Growth Rating 92.1%
Fundamental 44.8%
Dividend Rating 62.2%
Return 12m vs S&P 500 12.2%
Analyst Rating 4.47 of 5

NI Dividends

Dividend Yield 12m 2.57%
Yield on Cost 5y 5.50%
Annual Growth 5y 5.99%
Payout Consistency 92.8%
Payout Ratio 59.6%

NI Growth Ratios

Growth Correlation 3m 59%
Growth Correlation 12m 90.6%
Growth Correlation 5y 85.5%
CAGR 5y 23.35%
CAGR/Max DD 3y (Calmar Ratio) 1.23
CAGR/Mean DD 3y (Pain Ratio) 6.39
Sharpe Ratio 12m 2.26
Alpha 14.76
Beta 0.601
Volatility 17.64%
Current Volume 2393k
Average Volume 20d 4002.9k
Stop Loss 42.2 (-3.1%)
Signal 0.67

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (895.6m TTM) > 0 and > 6% of Revenue (6% = 379.6m TTM)
FCFTA -0.01 (>2.0%) and ΔFCFTA 2.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -22.97% (prev -35.34%; Δ 12.38pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.05 (>3.0%) and CFO 1.72b > Net Income 895.6m (YES >=105%, WARN >=100%)
Net Debt (14.50b) to EBITDA (2.90b) ratio: 5.00 <= 3.0 (WARN <= 3.5)
Current Ratio 0.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (473.7m) change vs 12m ago 4.22% (target <= -2.0% for YES)
Gross Margin 50.59% (prev 51.28%; Δ -0.69pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 20.21% (prev 17.16%; Δ 3.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 3.01 (EBITDA TTM 2.90b / Interest Expense TTM 588.7m) >= 6 (WARN >= 3)

Altman Z'' -0.06

(A) -0.05 = (Total Current Assets 2.08b - Total Current Liabilities 3.53b) / Total Assets 31.79b
(B) -0.02 = Retained Earnings (Balance) -572.0m / Total Assets 31.79b
(C) 0.06 = EBIT TTM 1.77b / Avg Total Assets 31.31b
(D) -0.07 = Book Value of Equity -442.8m / Total Liabilities 5.94b
Total Rating: -0.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.83

1. Piotroski 2.50pt = -2.50
2. FCF Yield -1.06% = -0.53
3. FCF Margin -5.74% = -2.15
4. Debt/Equity 1.59 = 1.35
5. Debt/Ebitda 5.00 = -2.50
6. ROIC - WACC (= 1.07)% = 1.34
7. RoE 10.07% = 0.84
8. Rev. Trend -6.43% = -0.48
9. EPS Trend -10.79% = -0.54

What is the price of NI shares?

As of November 08, 2025, the stock is trading at USD 43.55 with a total of 2,393,016 shares traded.
Over the past week, the price has changed by +3.42%, over one month by +0.58%, over three months by +3.47% and over the past year by +27.95%.

Is NiSource a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, NiSource (NYSE:NI) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 44.83 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NI is around 49.79 USD . This means that NI is currently undervalued and has a potential upside of +14.33% (Margin of Safety).

Is NI a buy, sell or hold?

NiSource has received a consensus analysts rating of 4.47. Therefore, it is recommended to buy NI.
  • Strong Buy: 11
  • Buy: 4
  • Hold: 1
  • Sell: 1
  • Strong Sell: 0

What are the forecasts/targets for the NI price?

Issuer Target Up/Down from current
Wallstreet Target Price 45.4 4.2%
Analysts Target Price 45.4 4.2%
ValueRay Target Price 53.9 23.7%

NI Fundamental Data Overview November 01, 2025

Market Cap USD = 19.94b (19.94b USD * 1.0 USD.USD)
P/E Trailing = 22.1737
P/E Forward = 21.322
P/S = 3.1511
P/B = 2.2847
P/EG = 2.4525
Beta = 0.601
Revenue TTM = 6.33b USD
EBIT TTM = 1.77b USD
EBITDA TTM = 2.90b USD
Long Term Debt = 12.07b USD (from longTermDebt, last fiscal year)
Short Term Debt = 14.50b USD (from shortTermDebt, last quarter)
Debt = 14.50b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.50b USD (from netDebt column, last quarter)
Enterprise Value = 34.28b USD (19.94b + Debt 14.50b - CCE 156.6m)
Interest Coverage Ratio = 3.01 (Ebit TTM 1.77b / Interest Expense TTM 588.7m)
FCF Yield = -1.06% (FCF TTM -362.9m / Enterprise Value 34.28b)
FCF Margin = -5.74% (FCF TTM -362.9m / Revenue TTM 6.33b)
Net Margin = 14.15% (Net Income TTM 895.6m / Revenue TTM 6.33b)
Gross Margin = 50.59% ((Revenue TTM 6.33b - Cost of Revenue TTM 3.13b) / Revenue TTM)
Gross Margin QoQ = 53.29% (prev 48.71%)
Tobins Q-Ratio = 1.08 (Enterprise Value 34.28b / Total Assets 31.79b)
Interest Expense / Debt = 1.24% (Interest Expense 179.8m / Debt 14.50b)
Taxrate = 16.14% (20.6m / 127.6m)
NOPAT = 1.49b (EBIT 1.77b * (1 - 16.14%))
Current Ratio = 0.59 (Total Current Assets 2.08b / Total Current Liabilities 3.53b)
Debt / Equity = 1.59 (Debt 14.50b / totalStockholderEquity, last quarter 9.12b)
Debt / EBITDA = 5.00 (Net Debt 14.50b / EBITDA 2.90b)
Debt / FCF = -39.97 (negative FCF - burning cash) (Net Debt 14.50b / FCF TTM -362.9m)
Total Stockholder Equity = 8.90b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.82% (Net Income 895.6m / Total Assets 31.79b)
RoE = 10.07% (Net Income TTM 895.6m / Total Stockholder Equity 8.90b)
RoCE = 8.45% (EBIT 1.77b / Capital Employed (Equity 8.90b + L.T.Debt 12.07b))
RoIC = 6.27% (NOPAT 1.49b / Invested Capital 23.69b)
WACC = 5.20% (E(19.94b)/V(34.44b) * Re(8.23%) + D(14.50b)/V(34.44b) * Rd(1.24%) * (1-Tc(0.16)))
Discount Rate = 8.23% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.68%
Fair Price DCF = unknown (Cash Flow -362.9m)
EPS Correlation: -10.79 | EPS CAGR: -29.66% | SUE: -0.33 | # QB: 0
Revenue Correlation: -6.43 | Revenue CAGR: -10.07% | SUE: 1.06 | # QB: 1

Additional Sources for NI Stock

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