NiSource Inc. (NI)

NiSource Inc. is one of the largest fully regulated utility companies in the United States, led by President and CEO Lloyd Yates. The company’s mission is to "deliver safe, reliable energy that drives value for our customers and communities" across its six-state service territory. NiSource holds a strategic position as a pure-play regulated utility, providing natural gas and electric services to approximately 3.3 million customers through its Columbia Gas and NIPSCO brands. NiSource Inc. stock is a premier "Regulated Utility Transformation" play, as the company undergoes a massive multi-year transition from coal-fired power to renewable energy sources.

The company’s business operations are built on its "Your Energy, Your Future" initiative, which involves retiring its remaining coal units in Indiana by 2028 and replacing them with a diverse mix of wind, solar, and storage. In late 2025, NiSource reported strong execution on its $15 billion long-term capital investment plan, which is focused on safety, reliability, and modernization of its pipeline and electric infrastructure. The company’s future strategy involves "Sustainable Infrastructure Investment," utilizing specialized leak-detection technology to reduce methane emissions across its gas distribution network. For 2026, the firm is prioritizing the growth of its specialized renewable energy portfolio and enhancing its customer digital interface. Its competitive moat is its 100% regulated business model and its presence in constructive regulatory jurisdictions that allow for predictable rate recovery.

NiSource is listed on the New York Stock Exchange under the symbol NI stock. It is a core holding for conservative income investors who value its stable 6-8% annual EPS growth target and consistent dividend increases. Financial analysts and energy policy experts monitor the NI stock price as a primary indicator of the health of the Midwestern energy infrastructure and the pace of the regional green transition. By December 2025, NiSource stands as a modernized and reliable energy provider, utilizing its capital discipline to deliver essential services and long-term shareholder value.