InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$42.68

2026-10-16

Market Cap

$20.5B

Volume

9.0M

52-Wk High

$49.21

52-Wk Low

$38.42

Trailing PE

22.5

P/S

2.97

Gross Margin

50.8%

Net Margin

13.2%

ROE

10%

ROIC

5%

Piotroski

6/9

Altman Z

0.8

1-Yr Return

-0.6%

5-Yr Return

+79.6%

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.

SectorUtilitiesIndustryRegulated GasExchangeNYSEMarket Cap$20.5BEmployees7,668 (SEC-filed)CEOLloyd YatesIPO1973-02-21CountryUS

801 East 86th Avenue, Merrillville, IN 46410 · Tel 614 460 6000 · nisource.com

INSIDERSTREET SCORE36 / 100Street mean $48.40 (5 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$4M sold / 6 mo, zero open-market buys

INSIDERSTREET
SCORE36of 100

Score Breakdown

Profitability	38/100
Growth	50/100
Momentum	79/100
Quality	59/100
Earnings Quality	79/100
Balance Sheet	23/100
Value	52/100
Risk (safety)	15/100
Overall	36.4/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
ATO	47
UGI	40
SWX	32
BKH	37
NJR	33
SR	41
NI	36

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 48 in 25 Q4, latest 36 — -11 since. Dropped below the 40 line in 26 Q2, at 36. Fell in 2 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

1 Year vs S&P 500 · NI -0.6% · S&P 500 +15.9% · spread -16.5pp

7 Years vs S&P 500 · NI +79.6% · S&P 500 +189.9% · spread -110.3pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

BUSINESS QUALITY36 / 100IS Score 36.4 / 100 · -11.1 from peak of 48

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 72 / 100 · Power +45 · 17 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 36, price structure 72 out of 100, so the price reads better than the business does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 36.4	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 44 → 48 → 44 → 36	the direction matters more than the level
Technical vote share back above 50%	now 82%	price structure no longer broken
Institutional holder count rises two quarters running	peak 914 → now 914	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)2 buys2026-06-16

Insider Buys (180d)0none disclosed

ETF Funds (30d)905 up / 682 downnet +223 funds

Institutions Added (13F)33managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 914 · latest 914 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	914	464.7M	$20.2B	96.9%
2026 Q1	881	453.5M	$18.4B	94.5%
2025 Q4	832	460.8M	$16.7B	96.1%
2025 Q3	783	443.7M	$17.0B	92.5%
2025 Q2	772	452.2M	$16.5B	94.3%
2025 Q1	796	440.3M	$18.0B	91.8%
2024 Q4	735	447.6M	$15.4B	93.3%
2024 Q3	684	443.2M	$14.0B	92.4%
2024 Q2	635	436.6M	$12.0B	91.0%
2024 Q1	632	423.7M	$11.3B	88.3%
2023 Q4	608	408.3M	$10.7B	85.1%
2023 Q3	581	391.3M	$9.6B	81.6%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Birmingham Melody	EVP & Grp President, Utilities	2026-08-14	SELL	37,509	$1.59M	78,527
Jesanis Michael E	director	2026-07-13	J-Other	30,190	—	52,701
Berman Melanie B.	EVP Administration & CHRO	2026-05-22	SELL	15,000	$0.72M	35,990
Yates Lloyd M	director, Director and President & CEO	2026-05-21	SELL	19,905	$0.95M	519,557
Birmingham Melody	EVP & Grp President, Utilities	2026-05-20	SELL	2,500	$0.12M	116,036
Birmingham Melody	EVP & Grp President, Utilities	2026-05-14	SELL	10,000	$0.47M	117,899
Lee Cassandra S.	director	2026-05-11	A-Award	3,807	$0.18M	28,974
Mcavoy John	director	2026-05-11	A-Award	3,807	$0.18M	15,777

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	5	84,914	$3.8M	Counted
F — Tax withholding	17	288,217	$13.6M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$3.8M5 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-08-14	Birmingham Melody	37,510	$1.6M
2026-05-22	Berman Melanie B.	15,000	$0.7M
2026-05-21	Yates Lloyd M	19,905	$1.0M
2026-05-20	Birmingham Melody	2,500	$0.1M
Trailing 12 mo	9 filings	118,705	$5M

Filed	Form	Reporting person	% of class	Shares
2026-08-14	SCHEDULE 13G/A	T. Rowe Price Investment Management, Inc.	6.20%	29.9M sh
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.55%	36.2M sh
2026-04-29	SCHEDULE 13G	Vanguard Portfolio Management	5.64%	27.0M sh
2026-03-27	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

Member	Chamber	Trade	Size band	Traded	Disclosed
Jefferson Shreve	House	SELL	$50,001 - $100,000	2025-05-11	2025-06-23
Dan Newhouse	House	SELL	$1,001 - $15,000	2025-04-11	2025-05-19
Daniel Milton Newhouse	House	SELL	$1,001 - $15,000	2025-04-10	2025-05-16
John Fetterman	Senate	BUY	$1,001 - $15,000	2026-06-16	2026-07-09
John Karl Fetterman	Senate	BUY	$1,001 - $15,000	2026-06-16	2026-07-09

House 12-Mo0 tradesNone purchases

Senate 12-Mo2 trades2 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)881

13F Shares453M94.5% of shares out

New / Closed128 / 61positions, QoQ

Increased / Reduced340 / 256positions, QoQ

Put/Call (13F)0.75option positions

Free Float99.6%478M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Assenagon Asset Management S.A.	727,620	$28M
Tema Etfs Llc	566,721	$22M
Fjarde Ap-Fonden /Fourth Swedish N	488,200	$19M
Goelzer Investment Management, Inc	238,446	$9M
Ifm Investors Pty Ltd	227,777	$9M
Cantor Fitzgerald Investment Advis	202,856	$8M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$594M
VTI	0.0%	$594M
VTSAX	0.0%	$594M
VSMPX	0.0%	$594M
VOO	0.0%	$491M
VFFSX	0.0%	$491M

13F Filers Holding NI — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session45.1%2026-10-15

20-Day Avg55.6%50-day 48.1%

TrendRising20d vs 50d

By Market CenterQ: 45% · N: 56% · B: 57%latest session

Weekly Notional ($B)

Where NI Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	5.3M	79 sh
Ebxl Level Ats	2.8M	41 sh
Ubsa Ubs Ats	2.5M	61 sh
Mstx Ms Trajectory Cross (Ats-1)	2.4M	72 sh
Bids Bids Ats	1.9M	483 sh
Sgmt Sigma X2	1.6M	62 sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Where a dollar of NiSource Inc revenue goes. All values FY2025 filings, live.

NI (live moat model)Peer median: ATO · UGI · SWX · BKH · NJR

Component scores from the live moat model. Peer median illustrative.

Moat score 51/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Lloyd Yates	President, Chief Executive Officer & Director
Michael Luhrs	Executive Vice President of Technology, Customer & Chief Commercial Officer
Melody Birmingham	Executive Vice President & Group President of NiSource Utilities
Shawn Anderson	Executive Vice President & Chief Financial Officer

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)3 of 6recent quarters

Avg Surprise+2.8%

Next Report2026-10-28

Income Quality2.58OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+4.7%	+19.4%	-5.9%	-0.9%	+21.8%
Gross profit	+3.3%	+9.7%	+10.1%	+13.3%	+38.6%
Operating income	+82.8%	+25.7%	+2.3%	+12.4%	+26.1%
Net income	-3423.3%	+37.5%	-11.2%	+6.5%	+22.2%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	4.9	5.9	5.5	5.5	6.6
Cost of revenue	2.8	3.6	3.0	2.6	2.8
Gross profit	2.1	2.3	2.5	2.8	3.9
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	-0.0	-0.0	0.0	0.0	1.7
Operating income	1.0	1.3	1.3	1.5	1.8
EBITDA	1.8	2.1	2.2	2.6	3.0
D&A	0.7	0.8	0.9	1.0	1.2
Pretax income	0.7	1.0	0.8	1.0	1.2
Income tax	0.1	0.2	0.1	0.2	0.2
Net income	0.6	0.8	0.7	0.8	0.9
Diluted EPS ($)	1.27	1.70	1.48	1.62	1.95
Diluted shares (M)	417	443	448	456	474

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Operating CF$2B

CapEx$3B

Free cash flow$-0B

SBC$0B

Buybacks$0B

Net cash change$-0B

Shown instead of the usual cash-distribution diagram because operating cash flow was not positive this year — there was no internally generated cash to distribute, so the decision-relevant question is what funded the spending. Sources left, uses right; cash is fungible and the statement does not trace which rupee of borrowing bought which asset, so the band is proportional, not a claim about specific flows. Any residual from FX translation is carried explicitly as Other / FX.

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.0	2.2	0.2	0.1
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	1.2	0.9	1.0	1.3
Total current assets	2.6	4.5	2.1	2.4
PP&E (net)	19.8	22.3	25.5	28.7
Goodwill + intangibles	1.5	1.5	1.5	1.5
Total assets	26.7	31.1	31.8	36.6
Accounts payable	0.9	0.7	0.9	1.2
Short-term debt	1.8	3.1	1.9	0.8
Deferred revenue	0.3	0.3	0.3	0.0
Total current liabilities	4.7	5.3	4.1	3.5
Long-term debt	9.5	11.1	11.9	15.2
Total liabilities	18.8	20.9	21.1	24.9
Shareholders' equity	7.9	10.1	10.7	11.7

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.8	0.7	0.8	0.9
D&A	0.8	0.9	1.0	1.2
Stock-based compensation	0.0	0.0	0.0	0.0
Working capital change	(0.3)	0.2	(0.2)	(0.1)
Operating cash flow	1.4	1.9	1.8	2.4
Capital expenditures	(2.2)	(2.6)	(2.6)	(2.8)
Investing cash flow	(2.6)	(3.6)	(3.2)	(4.3)
Buybacks	0.0	0.0	0.0	0.0
Dividends paid	(0.4)	(0.5)	(0.5)	(0.5)
Debt issuance / (repay)	1.5	2.7	(0.2)	2.2
Financing cash flow	1.1	3.8	(0.7)	1.9
Free cash flow	(0.8)	(0.7)	(0.9)	(0.4)

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	9.2%	11.1%	9.0%	9.0%	10.3%	10%
ROA	2.5%	3.2%	2.5%	2.4%	2.7%	2.4%
ROIC	5.0%	5.5%	5.3%	5.5%	6.0%	4.6%
Gross margin	41.9%	38.5%	45.0%	51.5%	58.6%	50.8%
Operating margin	20.6%	21.6%	23.5%	26.7%	27.6%	27.0%
Net margin	11.9%	13.7%	13.0%	13.9%	14.0%	13.2%
EBITDA margin	36.7%	36.7%	40.4%	47.1%	45.2%	46.5%
FCF margin	-12.7%	-13.6%	-12.9%	-15.8%	-6.3%	—
VALUATION
P/E	17.77	13.72	15.67	22.09	21.32	22.5
P/B	1.50	1.46	1.35	1.93	2.10	2.1
P/S	2.12	1.89	2.03	3.08	2.98	2.97
P/FCF	-16.76	-13.90	-15.75	-19.50	-47.18	-18.8
EV/EBITDA	11.29	10.48	10.38	11.91	11.88	11.9
EV/Revenue	4.14	3.85	4.19	5.61	5.41	5.5
Earnings yield	5.6%	7.3%	6.4%	4.5%	4.7%	4.42%
FCF yield	-6.0%	-7.2%	-6.4%	-5.1%	-2.1%	-5.31%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.70	0.55	0.85	0.51	0.69	0.50
Quick ratio	0.52	0.39	0.76	0.41	0.56	0.41
Debt / equity	1.44	1.52	1.71	1.61	1.72	1.83
Debt / assets	41.4%	43.1%	45.5%	43.9%	44.4%	46.8%
Net debt / EBITDA	5.51	5.34	5.34	5.37	5.33	5.46
Interest coverage	3.08	3.57	2.69	2.95	2.90	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.21	0.23	0.19	0.17	0.19	0.18
Receivables turnover	6.06	6.27	5.78	5.97	5.96	7.7
DSO (days)	60	58	63	61	61	47
DPO (days)	82	81	99	111	123	122
Cash conversion cycle	35	41	39	11	-13	-31
GROWTH (YoY)
Revenue growth	4.7%	19.4%	-5.9%	-0.9%	21.8%	—
Net income growth	3423.3%	37.5%	-11.2%	6.5%	22.2%	—
EPS growth	3064.2%	33.0%	-12.0%	1.8%	21.1%	—
FCF growth	5.2%	-28.0%	10.5%	-21.2%	51.2%	—
PER SHARE ($)
EPS (diluted, TTM)	1.36	1.81	1.59	1.62	1.96	1.89
Book value / share	16.15	17.03	18.41	18.48	19.92	24.81
Revenue / share	11.39	13.15	12.25	11.61	14.00	14.35
FCF / share	-1.44	-1.78	-1.58	-1.83	-0.89	-2.26
Cash / share	0.20	0.09	5.00	0.33	0.29	0.15
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	3.0%	0.0%	—
Altman Z-Score	0.58	0.58	0.56	0.70	0.78	0.8
Piotroski F-Score	5	5	5	6	7	6/9
Beneish M-Score	-2.71	-2.34	-2.69	-2.48	-23.36	-2.57

Model	Score	Zone	Note
Piotroski F-Score	6 / 9	Middling
Altman Z-Score	0.8	Distress (<1.81)	Distress
Income quality	2.58	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.57	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.79
Interest burden	0.60
Operating margin	27.7%
Asset turnover	0.19×
Financial leverage	3.88×
= ROE	10%

Growth Quality (live)	Value
Revenue stability	0.80
Earnings stability	0.75
Earnings persistence	0.99
Revenue CAGR 3y	5.6%
EPS CAGR 3y	6.2%
FCF CAGR 3y	—

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.00%

Dividend Yield2.76%

Total Shareholder Return1.08%cash yield

SBC / Revenue0.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
ATO	$28.3B	19.7	10%	27.6%	+6.5%	5/9	-4.6%
UGI	$8.2B	12.3	13%	-10.0%	-0.5%	8/9	+20.7%
SWX	$6.3B	12.2	13%	11.8%	-57.0%	6/9	+13.7%
BKH	$5.8B	19.3	8%	8.4%	+2.5%	6/9	+27.6%
NJR	$5.3B	14.4	14%	2.8%	+7.0%	6/9	—
SR	$4.8B	9.1	16%	50.2%	+4.1%	5/9	—
OGS	$4.8B	16.2	9%	11.4%	-0.8%	6/9	—
BIPC	$4.6B	-13.4	25%	-8.8%	+1.4%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

22 Analysts

Str Sell (0)Sell (0)Hold (6)Buy (16)Str Buy (0)

Mean Target (qtr)$48.405 targets

Target vs. Price+13.4%last-quarter mean

Next Report2026-10-28street $0.22

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$7.10B	$7.23B / $7.08B	$2.05	$2.07 / $2.03	9
FY2027	$7.49B	$7.61B / $7.30B	$2.25	$2.33 / $2.20	10
FY2028	$7.97B	$8.12B / $7.80B	$2.48	$2.53 / $2.42	7

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$46.50	+9.0%	2
Last Quarter	$48.40	+13.4%	5
Last Year	$48.94	+14.7%	17
All Time	$44.72	+4.8%	29

Rolling mean of published targets vs. last close $42.68. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

C+

DCF

1/5

ROE

3/5

ROA

2/5

Debt/Eq

2/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

NI -0.6% vs S&P 500 +15.9% — spread -16.5pp

Sector — XLU -8.1%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$40.22	+2.46	+6.12%	Above
SMA 50	$40.93	+1.75	+4.28%	Above
SMA 200	$44.76	-2.08	-4.65%	Below
EMA 9	$41.21	+1.47	+3.57%	Above
EMA 21	$40.79	+1.89	+4.63%	Above
EMA 50	$41.44	+1.24	+2.99%	Above
EMA 200	$43.36	-0.68	-1.57%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +4517 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%80

Momentum 25%82

Volume 20%69

Volatility 10%67

Patterns 15%50

This Week82% bullishof 11 price-based votes

4 Weeks Ago0%+82 pts since

12 Weeks Ago36%+46 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$40.22

Price vs SMA 50$40.93

Price vs SMA 200$44.76

EMA 9/21 Cross41.2/40.8

SMA 50/200Death

ADX DirectionADX 28

Supertrend$40

Parabolic SAR$40

SMA Slope0.110

RSI69.2

Stochastic K/D89/90

StochRSI K/D93/94

Williams %R-4

CCI183

TSI vs Signal8.1

CMO38.4

ROC8.24%

OBV SignalAccum

Chaikin MF-0.040

MFI63

Force Index2M

Elder Ray Bull2.08

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 90

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$41.39 / $41.66 / $42.06	S1 / S2	$40.99 / $40.72
Bollinger (20,2)	$38.24 – $42.21	Squeeze	Off
52-wk range	$38.42 – $49.21	Off 52-wk high	-13.3%
ATR (14)	$0.74 (1.7%)	Historical vol	20.0%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+1.7%Jan65%

+0.4%Feb55%

+3.3%Mar76%

+2.3%Apr70%

+0.2%May55%

+0.3%Jun50%

+2.7%Jul65%

-1.0%Aug35%

-0.3%Sep60%

+1.7%Oct65%

+1.2%Nov55%

+1.0%Dec60%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	NI	S&P 500
Weekly volatility (σ, 1y)	2.40%	1.83%
Best / worst week (1y)	+4.5% / -5.7%	—
Max drawdown (5y, monthly)	-30.1%	—
1-week VaR (95%)	-4.6%	—
Beta (5y)	0.54	1.00

NI EQUITY WEATHER (LIVE)CLOUDY · +5

Trend+24

Momentum+63

Volume-34

Volatility-60

Breadth-18

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 127 stories, weekly buckets, −1 to +1.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+5.4+18.1 vs industry

Trend+24.1+34.6 vs industry

Momentum+63.3+70.0 vs industry

Volume-34.0-35.5 vs industry

Reading	NI	Regulated Gas n=171	Utilities n=1,247	All US symbols n=70,435
Overall	+5.4	-12.7	-13.6	-20.5
Trend	+24.1	-10.6	-17.2	-21.3
Momentum	+63.3	-6.7	-4.2	-15.8
Volume	-34.0	+1.5	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Christopher A. Helms Executive Vice Presiden	$5.5M	11% equity+incentive
Robert C. Skaggs, Jr. President and Chief Ex	$5.0M	65% equity+incentive
Jimmy D. Staton Executive Vice President and	$1.9M	55% equity+incentive
Stephen P. Smith Executive Vice President an	$1.8M	57% equity+incentive
Carrie J. Hightman Executive Vice President	$1.3M	57% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	59
Social	69
Governance	79
Composite ESG	69

Composite ESG Trend

Filed	8-K contents	Items
2026-10-16	Financial Obligation; Exhibits	2.03,9.01
2026-08-18	Other Events; Exhibits	8.01,9.01
2026-08-05	Earnings Release; Exhibits	2.02,9.01
2026-05-18	Other Events; Exhibits	8.01,9.01
2026-05-12	Shareholder Vote; Exhibits	5.07,9.01
2026-05-06	Earnings Release; Exhibits	2.02,9.01
2026-02-11	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2025-12-11	Entry into Material Definitive Agreement; Creation of Direct Financial	1.01,2.03,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-02 to 2026-08-05
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	110 rows · 1999 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-05-11 to 2026-08-14
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-03-27 to 2026-08-14
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

NiSource Inc (NI)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

NiSource Inc (NI)

NiSource Inc (NI)

Institutions holding — 12 quarters

NiSource Inc (NI)

Monthly Net Insider Flow (000 shares)

Signal Summary

NiSource Inc (NI)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding NI — quarterly

Institutional Put/Call — quarterly

Where NI Trades in the Dark

NiSource Inc (NI)

3.8 · Employees (SEC filings)

NiSource Inc (NI)

NiSource Inc (NI)

NiSource Inc (NI)

Balance Sheet — Full

Cash Flow Statement — Full

NiSource Inc (NI)

NiSource Inc (NI)

NiSource Inc (NI)

NiSource Inc (NI)

Street Price Target — Trajectory

Third-Party Composite Rating

NiSource Inc (NI)

NiSource Inc (NI)

Family Scores (site weights)

NiSource Inc (NI)

NiSource Inc (NI)

NiSource Inc (NI)