Stocktoria
NISOURCE INC. NI
NISOURCE INC. (NI) earns a Piotroski F-score of 6/9 (mixed financial health), with an Altman Z″ in the distress zone. It pays a dividend yielding 2.25% (safety: moderate). FY2025 revenue was $6.5B at a 14.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-08-07 | Barclays | Overweight (main) |
| 2026-07-23 | Keybanc | Overweight (main) |
| 2026-07-20 | Barclays | Overweight (main) |
| 2026-07-17 | BMO Capital | Outperform (main) |
| 2026-07-02 | RBC Capital | Outperform (init) |
| 2026-05-11 | Citigroup | Neutral (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Transportation & Utilities · percentile among 348 companies
Percentile vs other Transportation & Utilities companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 6/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.03 |
| Retained earnings / assets | -0.009 |
| EBIT / assets | 0.051 |
| Equity / liabilities | 0.482 |
Sector peers · similar-size Transportation & Utilities companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| NI | NISOURCE INC. | 6/9 | 0.62 | 25.3 | +23.5% |
| EVRG | Evergy, Inc. | 3/9 | 0.68 | 23.5 | +2% |
| CMS | CMS ENERGY CORP | 5/9 | 0.81 | 22.7 | +13.6% |
| LNT | ALLIANT ENERGY CORP | 5/9 | 1.15 | 24.6 | +9.6% |
| AEE | AMEREN CORP | 2/9 | 0.86 | — | +15.4% |
| WEC | WEC ENERGY GROUP, INC. | 3/9 | 0.93 | — | +14% |
| AVA | AVISTA CORP | 4/9 | 1.02 | 17.9 | +1.3% |
All Transportation & Utilities companies →
About NISOURCE INC.
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.
FAQ
Is NI financially healthy?
NISOURCE INC.'s Piotroski F-score is 6/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does NI pay a dividend, and is it safe?
Yes. NISOURCE INC. pays a dividend yielding about 2.25% with a 57.1% payout ratio, rated “moderate” for safety.
How profitable is NI?
In FY2025, NISOURCE INC. had a net margin of 14.3% and a return on equity of 8.0%.
Is NI overvalued or undervalued?
NISOURCE INC. trades at about 21.5× trailing earnings — near its 10-year norm (10-year range 10.2×–63.3×, median 23.0×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for NI?
The average Wall-Street price target for NISOURCE INC. is $50.03, about 19.2% above the recent price, from 15 analysts (consensus: buy).
Is NI a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on NISOURCE INC.: a Piotroski F-score of 6/9, an Altman Z″ in the distress zone, a P/E of about 25.3×, a dividend yield of 2.25%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.