NiSource Inc (NI)
Utilities · Regulated Gas · Data as of 2026-09-01
Bottom line
NI is trading near its usual valuation, in the middle of its recent price range, and recent volume suggests money flowing out. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Priced about in line with its growth (Yellow)
For a fast-growing company like NI (revenue is growing about 22% a year), we weigh next year's expected P/E of 20× against the 10% earnings growth analysts expect (a forward PEG of 2.06, 8 estimates). That is a fairly typical trade-off. Its current multiple sits around the 63rd percentile of its own last five years — toward the high end of its own range.
Quality check: revenue growth plus free-cash-flow margin comes to about 6 — below the 40 that fast growers are often measured against, so the growth is currently coming at a high cash cost.
Price zones — In the middle of its recent range (Yellow)
At $40.96, the stock sits between its recent support and resistance levels. Over the past year NI has traded between $38.45 and $49.21; its historical support zone sits near $38.45 and resistance near $44.56. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $38.45–$49.21 · 50-day average $44.56 · 200-day average $45.07
Money flow — Money is flowing out (Red)
Recent trading in NI shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 0.8× volume on down days over the last 30 sessions.
About the company
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.
一句话结论
NI 估值接近其惯常水平，处于近期价格区间的中部，近期成交量显示资金正在流出。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 价格与其增长大致相称
对 NI 这样的高增长公司（营收年增长约 22%），我们把它明年的预期市盈率 20× 与分析师预计的 10% 盈利增速放在一起看（前瞻 PEG 为 2.06，来自 8 份预测）。这是相当常见的一种取舍。它当前的估值倍数大约位于自身过去五年分布的第 63 百分位——处于自身区间的偏高位置。
质量核对：营收增速加自由现金流利润率约为 6，低于高增长公司常被对照的 40——目前的增长伴随着较高的现金消耗。
价格区间 — 处于近期区间的中部
目前价格为 $40.96，位于其近期的支撑位与阻力位之间。过去一年 NI 的价格在 $38.45 到 $49.21 之间波动；其历史支撑区在 $38.45 附近，阻力区在 $44.56 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
NI 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 0.8×。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.