NiSource: Attractive Income Growth With Data Center Upside

Jul. 02, 2025 11:59 PM ETNiSource Inc. (NI) StockNI
Seeking Profits
4.66K Followers

Summary

  • NiSource benefits from Indiana's data center boom, driving long-term grid growth and supporting a robust capital investment plan.
  • The company’s capital program is focused on reliability, with quick investment recovery and credible 8-10% rate base growth targets.
  • Favorable federal policy and incoming data center contracts should drive sustained 8% EPS growth and dividend increases, supporting 10.5-11% annual returns.
  • With a strong balance sheet, regulated cash flows, and data center upside, I reaffirm NI as a best-in-breed utility and a core buy for income growth.

Mid adult man checks electricity consumption for his home with a smart device

Trevor Williams

Shares of NiSource (NYSE:NI) have been an excellent performer over the past year, adding about 40% as the utility has been a primary beneficiary of AI/data center demand hopes. With Indiana seeing significant data center investment, NiSource should see meaningful

This article was written by

4.66K Followers
Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About NI Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on NI

Related Stocks

SymbolLast Price% Chg
NI
--