NiSource Inc. (NYSE: NI) is a leading regulated utility company in the U.S., delivering natural gas and electric services to nearly 3.5 million customers. Operating primarily in the Midwest and Northeast, it focuses on energy distribution and infrastructure modernization.
Key Takeaways:
- NiSource Inc. operates in the utility sector, providing natural gas and electric services.
- The company’s stock price is expected to show steady growth over the next three decades.
- Factors such as infrastructure investments, regulatory environments, and clean energy transitions will play significant roles in shaping NiSource’s financial future.
Overview of NiSource Inc.
NiSource Inc. (NYSE: NI), founded in 1912 as Northern Indiana Public Service Company (NIPSCO), initially provided natural gas and electric services. Through mergers, it became part of the Columbia Gas System mid-century. The company expanded its reach and operational capabilities across multiple states, serving approximately 3.5 million natural gas and 500,000 electric customers.
In 2000, NiSource merged with Columbia Energy Group, strengthening its position in the utility sector. Operating primarily under the Columbia Gas and NIPSCO brands, NiSource now serves customers across six states.
NiSource Inc. Company Profile
| Country | United States |
| Ticker Symbol | NI |
| Exchange | NYSE |
| Founded | 1912 |
| IPO Date | 1984 |
| Industry | Utilities – Regulated Electric & Gas |
| Sector | Utilities |
| Employees | 7,388 |
| CEO | Lloyd Yates |
| Market Cap (September 25, 2024) | $15.25 billion |
| Website | nisource |
NiSource Inc. (NI) Balance Sheet Analysis
NiSource Inc.’s 2023 balance sheet reveals a robust financial position. Total assets reached $31.08 billion, with liabilities at $20.94 billion and equity at $10.14 billion.
The company’s capital structure includes $14.13 billion in total debt and $7.78 billion in common stock equity. Net tangible assets stood at $6.78 billion, while working capital was negative at $0.77 billion.
NiSource’s invested capital amounted to $21.91 billion, reflecting significant investments in its utility operations. The balance between debt and equity financing is typical for the utility sector.
Overall, NiSource’s balance sheet demonstrates a solid asset base and a capital structure aligned with industry norms, supporting its operations in the regulated utility market.
Balance Sheet Data Source: finance.yahoo
NiSource Inc. Stock Price History
NiSource Inc. (NYSE: NI) had its IPO in the year 1984. NiSource (NI) has undergone two stock splits. The first was a 2:1 split on February 23, 1998, doubling shares. The second was a 2545:1000 split on July 2, 2015. One pre-1998 share now equals 5.09 shares.1
As of September 24, 2024, the stock price of NiSource stock stands at $34.25.
NiSource Stock Price Forecast 2024
For the remainder of 2024, NiSource’s stock price is expected to show robust growth. The company’s ongoing investments in infrastructure upgrades and clean energy initiatives are likely to positively impact investor sentiment. Our analysts project a growth of approximately 12% from the current price by year-end.
NiSource’s revenue and profit margins may benefit from expanded natural gas distribution networks and improved electric generation capabilities. The company’s focus on enhancing service reliability could lead to higher customer satisfaction rates, potentially boosting its market capitalization and price-to-earnings ratio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $28.36 | $39.51 | $47.41 |
NiSource Stock Price Forecast 2025
In 2025, NiSource’s stock is anticipated to continue its upward movement. The company’s expansion of its renewable energy portfolio and improvements in operational efficiency could drive further growth. We forecast a year-over-year increase of about 13% in the stock price.
Analysts’ ratings for NiSource may improve as the company’s subsidiaries, Columbia Gas and NIPSCO, potentially see increased demand. Investments in smart grid technologies could lead to improved energy management and cost savings, potentially attracting more institutional ownership and reducing volatility.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $43.35 | $44.65 | $58.05 |
NiSource Stock Price Forecast 2026
The year 2026 may see NiSource benefiting from the full implementation of its clean energy strategy. As the company progresses towards its goal of reducing greenhouse gas emissions, investor confidence is likely to grow. Market sentiment predicts a stock price increase of approximately 14% compared to 2025.
NiSource’s efforts in modernizing pipeline infrastructure could result in reduced methane emissions and improved safety standards. The company’s environmental, social, and governance (ESG) performance may align well with evolving investor criteria, potentially influencing its beta and relative strength index positively.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $49.42 | $50.90 | $66.17 |
NiSource Stock Price Forecast 2027
In 2027, NiSource’s investments in grid modernization and customer-centric technologies are expected to yield results. These improvements could lead to increased operational efficiency and customer satisfaction, potentially driving the stock price up by around 15%.
The company’s focus on developing renewable energy sources may contribute to a more balanced energy portfolio. NiSource’s adaptive strategies in response to changing energy landscapes could strengthen its market share and improve its earnings per share, influencing stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $56.83 | $58.54 | $76.10 |
NiSource Stock Price Forecast 2028
As NiSource continues to expand its service territories and enhance existing infrastructure, steady growth is anticipated in 2028. The company’s focus on long-term value creation could resonate well with investors, potentially leading to a stock price increase of about 11%.
NiSource’s efforts to improve energy efficiency and reduce carbon emissions may align with stricter environmental regulations, potentially giving the company a competitive edge. The ongoing digitalization of operations could lead to cost reductions and improved service delivery, positively impacting the company’s profit margin and free cash flow.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $63.08 | $64.98 | $84.47 |
NiSource Stock Price Forecast 2029
In 2029, NiSource may benefit from a more mature renewable energy portfolio and increased efficiencies from its modernization efforts. These factors could contribute to stronger financial performance and investor confidence, potentially driving the stock price up by approximately 12%.
The company’s investments in battery storage technologies could enhance grid stability and reliability, addressing key concerns in the evolving energy sector. NiSource’s proactive approach to cybersecurity might also boost investor confidence, potentially reducing perceived risk and improving the stock’s liquidity.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $70.65 | $72.78 | $94.61 |
NiSource Stock Price Forecast 2030
As we enter a new decade, NiSource is likely to have made significant progress in its clean energy transition. The company’s ability to adapt to changing energy landscapes could be a key driver of growth. Our analysts project a stock price increase of about 13% compared to 2029. This trend of utilities focusing on clean energy is also reflected in other companies’ futures, such as the AGR stock price prediction, which shows similar potential for growth in the renewable energy sector.
NiSource’s commitment to community engagement and stakeholder satisfaction may enhance its brand value and customer loyalty. Strategic partnerships with technology providers could lead to innovative solutions in energy distribution and management, potentially improving the company’s return on equity and dividend yield.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $79.83 | $82.24 | $106.91 |
NiSource Stock Price Forecast 2031
In 2031, NiSource’s long-term strategies are expected to continue yielding positive results. The company’s focus on growth and shareholder value could drive further appreciation in its stock price. We forecast a year-over-year increase of approximately 14%.
Investments in hydrogen technology and other alternative energy sources may open up new revenue streams for NiSource. The company’s ability to navigate complex regulatory environments across multiple states could provide a competitive advantage, potentially improving its price-to-book ratio and attracting more analyst coverage.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $91.01 | $93.75 | $121.88 |
NiSource Stock Price Forecast 2032
As NiSource further establishes its position as a leader in clean energy utilities, investor confidence may continue to grow. The company’s ability to navigate regulatory challenges and capitalize on emerging opportunities could lead to a stock price increase of about 15%.
NiSource’s focus on workforce development and talent retention may result in improved operational efficiency and innovation. Efforts in reducing water usage and promoting conservation could enhance its reputation, potentially leading to higher institutional ownership and improved market capitalization.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $104.66 | $107.81 | $140.15 |
NiSource Stock Price Forecast 2033
In 2033, NiSource’s investments in advanced technologies and smart grid solutions are likely to pay off. These innovations could lead to improved operational efficiency and customer satisfaction, potentially driving the stock price up by around 11%.
The company’s expansion into electric vehicle charging infrastructure may position it well in the growing e-mobility market. NiSource’s data analytics capabilities could lead to more accurate demand forecasting and improved resource allocation, potentially enhancing its earnings quality and reducing earnings volatility.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $116.17 | $119.67 | $155.57 |
NiSource Stock Price Forecast 2034
As NiSource continues to expand its clean energy portfolio and optimize its operations, steady growth is anticipated in 2034. The company’s commitment to environmental stewardship and financial stability could resonate well with investors, potentially leading to a stock price increase of about 12%.
NiSource’s initiatives in promoting energy education and awareness may contribute to better customer relationships and community support. The company’s focus on reducing its carbon footprint could align well with increasingly stringent global climate goals, potentially improving its ESG ratings and attracting socially responsible investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $130.11 | $134.03 | $174.24 |
NiSource Stock Price Forecast 2035
In 2035, NiSource may benefit from a fully realized clean energy strategy and a modernized infrastructure. These factors could contribute to stronger financial performance and increased investor confidence, potentially driving the stock price up by approximately 13%.
The company’s investments in microgrid technologies could enhance its ability to serve remote or underserved communities. NiSource’s efforts in biodiversity conservation around its operational areas may further strengthen its environmental credentials, potentially improving its risk profile and reducing its cost of capital. This focus on environmental factors and data analytics is becoming increasingly important in company valuations, similar to how S&P Global’s stock forecast reflects the growing importance of financial analytics and ESG considerations in the global markets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $147.02 | $151.45 | $196.89 |
NiSource Stock Price Forecast 2036
As NiSource enters its second century of operations, the company’s ability to adapt to changing energy landscapes could be a key driver of growth. Our analysts project a stock price increase of about 14% compared to 2035.
NiSource’s potential expansion into energy-as-a-service models could open up new revenue streams and customer segments. The company’s focus on circular economy principles in its operations may lead to improved resource efficiency and cost savings, potentially enhancing its profit margins and return on invested capital.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $167.60 | $172.65 | $224.45 |
NiSource Stock Price Forecast 2037
In 2037, NiSource’s long-term strategies are expected to continue yielding positive results. The company’s focus on innovation and customer-centric solutions could drive further appreciation in its stock price. We forecast a year-over-year increase of approximately 15%.
NiSource’s investments in advanced materials for infrastructure could lead to longer-lasting and more efficient energy distribution systems. Partnerships with academic institutions for energy research may result in groundbreaking technologies and solutions, potentially improving the company’s competitive position and long-term growth prospects.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $192.74 | $198.55 | $258.12 |
NiSource Stock Price Forecast 2038
As NiSource further strengthens its position in the utility sector, investor confidence may continue to grow. The company’s ability to navigate regulatory challenges and capitalize on emerging opportunities could lead to a stock price increase of about 11%.
NiSource’s efforts in promoting energy equity and accessibility could enhance its social impact and brand value. The adoption of AI and machine learning for predictive maintenance may lead to reduced downtime and improved service reliability, potentially improving customer satisfaction scores and reducing operational risks.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $213.94 | $220.39 | $286.51 |
NiSource Stock Price Forecast 2039
In 2039, NiSource’s investments in advanced technologies and practices are likely to yield significant benefits. These innovations could lead to improved operational efficiency and enhanced shareholder value, potentially driving the stock price up by around 12%.
The company’s potential involvement in carbon capture and storage projects could position it as a leader in emissions reduction technologies. NiSource’s focus on developing a circular water economy within its operations may set new industry standards for resource management, potentially improving its ESG ratings and attracting environmentally conscious investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $239.61 | $246.84 | $320.89 |
NiSource Stock Price Forecast 2040
As we approach the midpoint of the 21st century, NiSource is expected to be at the forefront of the clean energy revolution. The company’s commitment to innovation and financial stability could resonate strongly with investors, potentially leading to a stock price increase of about 13%. This emphasis on innovation driving long-term growth is seen across various sectors, as evidenced by the Vertex Pharmaceuticals stock forecast, which similarly factors in technological advancements and breakthrough therapies in its long-term projections for the biotechnology sector.
NiSource’s integration of blockchain technology for energy trading and grid management could revolutionize its operations. The company’s efforts in developing smart cities and energy-efficient communities may open up new markets and opportunities for growth, potentially improving its revenue diversification and reducing its dependence on traditional utility business models.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $270.76 | $278.93 | $362.61 |
NiSource Stock Price Forecast 2050
Looking ahead to 2050, NiSource is projected to have undergone significant transformation and growth. The company’s long-term vision and adaptability to changing energy landscapes could drive substantial value creation. Our analysts anticipate the stock price to reach approximately $1,200 by 2050, representing a remarkable increase from current levels.
NiSource’s potential leadership in fusion energy or other breakthrough technologies could revolutionize the energy sector. The company’s holistic approach to environmental stewardship and social responsibility may position it as a model for corporate citizenship in the mid-21st century, potentially leading to premium valuations and strong investor support.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1,158 | $1,200 | $1,560 |
Conclusion
Our analysis of NiSource Inc.’s stock price forecast from 2024 to 2050 reveals a pattern of steady, long-term growth. We project the stock to reach an impressive $1,200 by 2050. This represents a compound annual growth rate (CAGR) of approximately 12.5% over the 26-year period.
Key factors contributing to this growth include:
- Continued investments in infrastructure and clean energy
- Adaptation to changing regulatory environments
- Focus on operational efficiency and customer satisfaction
- Long-term vision aligned with global energy trends
FAQs
1. What is the future of NiSource share price?
Based on our analysis, the future of NiSource’s share price appears promising. Starting from $34.25 in September 2024, we project steady growth over the coming decades. By 2030, the stock price is expected to reach $82.24, representing a significant increase. Looking further ahead, our forecast suggests the stock could hit $278.93 by 2040 and an impressive $1,200 by 2050. This long-term growth is supported by NiSource’s ongoing investments in infrastructure, clean energy initiatives, and technological advancements in the utility sector.
2. Is NiSource a good long-term stock?
NiSource shows strong potential as a long-term investment. The company’s focus on clean energy transition, infrastructure modernization, and operational efficiency improvements positions it well for future growth. NiSource’s consistent dividend history and steady price appreciation forecast make it an attractive option for investors seeking both income and capital growth. The utility sector’s stability, combined with NiSource’s adaptive strategies to meet evolving energy needs, further enhances its appeal as a long-term holding.
3. What is the NiSource 10 year outlook?
The 10-year outlook for NiSource appears positive. From 2024 to 2034, we project consistent year-over-year growth in the stock price. Key factors driving this growth include the company’s investments in renewable energy, grid modernization, and customer-centric technologies. By 2034, the stock price is forecast to reach $134.03, representing a substantial increase from 2024 levels. During this period, NiSource is expected to benefit from its clean energy transition, potentially improved operational efficiencies, and its ability to navigate regulatory challenges in the evolving energy landscape.
4. Is NiSource a buy, hold, or sell?
Based on our analysis of NiSource’s future prospects, current market position, and projected growth, we would classify NiSource as a “buy” or “hold” recommendation. The company’s strong fundamentals, consistent growth projections, and strategic initiatives in clean energy and infrastructure modernization support a positive outlook. For long-term investors, NiSource presents an opportunity for steady capital appreciation and dividend income.
5. Who are the major competitors of NiSource?
The major competitors of NiSource Inc. (NYSE: NI) include:
- Duke Energy Corporation (NYSE: DUK): A leading energy company in the U.S., Duke Energy provides electric power and gas services to over 7.9 million customers.
- Exelon Corporation (NASDAQ: EXC): Exelon is the largest electric parent utility in the U.S., specializing in power generation and competitive energy sales.
- NextEra Energy, Inc. (NYSE: NEE): Known for its commitment to renewable energy, NextEra Energy is the largest producer of wind and solar energy globally.
- Dominion Energy, Inc. (NYSE: D): Dominion Energy operates electric power and natural gas transmission and distribution networks, serving over 7 million customers.
- Southern Company (NYSE: SO): This utility giant provides energy services across the southeastern U.S., focusing on both gas and electric utilities.
- Ameren Corporation (NYSE: AEE): Ameren delivers electric and natural gas services to customers in Missouri and Illinois, with a focus on sustainability.
- Eversource Energy (NYSE: ES): Eversource provides regulated electric, gas, and water distribution services to customers in the New England area.
- PPL Corporation (NYSE: PPL): PPL provides electric and natural gas services to customers in the U.S. and the U.K., focusing on grid modernization.
- Xcel Energy Inc. (NASDAQ: XEL): Xcel Energy delivers electric and natural gas services in eight Western and Midwestern U.S. states, with a strong renewable energy focus.
- CMS Energy Corporation (NYSE: CMS): CMS Energy primarily serves Michigan customers through its subsidiaries, providing both electricity and natural gas with an emphasis on clean energy.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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