NiSource Inc (NI)
NiSource Inc. is a leading fully regulated utility company in the United States, serving approximately 4 million customers across the Midwest and Northeast regions. Headquartered in Merrillville, Indiana, NiSource operates through several major subsidiaries, providing natural gas and electricity services while prioritizing sustainable practices and infrastructure modernization. The company is committed to transitioning towards cleaner energy sources, aligning with evolving regulatory frameworks and enhancing service reliability for its diverse customer base. With a strong focus on safety, innovation, and community engagement, NiSource is well-positioned to navigate the dynamic energy landscape and deliver long-term value to its stakeholders.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 41.09% per annum.
- NI price at the close of January 23, 2026 was $43.41 and was lower than the bottom border of the primary price channel by $2.80 (6.05%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.70% per annum.
- NI price at the close of January 23, 2026 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NI price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 26, 2023
End date: September 3, 2025
a = 2.1928
b = 0.0009
s = 0.0400
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 41.09%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0400) – 1
= 17.34%
September 26, 2023 calculations
Top border of price channel:
Exp(Y672)
= Exp(a + b × X672 + 2 × s)
= Exp(a + b × 974 + 2 × s)
= Exp(2.1928 + 0.0009 × 974 + 2 × 0.0400)
= Exp(3.1914)
= $24.32
Bottom border of price channel:
Exp(Y672)
= Exp(a + b × X672 – 2 × s)
= Exp(a + b × 974 – 2 × s)
= Exp(2.1928 + 0.0009 × 974 – 2 × 0.0400)
= Exp(3.0314)
= $20.73
September 3, 2025 calculations
Top border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 + 2 × s)
= Exp(a + b × 1,682 + 2 × s)
= Exp(2.1928 + 0.0009 × 1,682 + 2 × 0.0400)
= Exp(3.8591)
= $47.42
Bottom border of price channel:
Exp(Y1,157)
= Exp(a + b × X1,157 – 2 × s)
= Exp(a + b × 1,682 – 2 × s)
= Exp(2.1928 + 0.0009 × 1,682 – 2 × 0.0400)
= Exp(3.6992)
= $40.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 41.09% per annum.
- NI price at the close of January 23, 2026 was $43.41 and was lower than the bottom border of the primary price channel by $2.80 (6.05%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 8, 2024
End date: January 23, 2026
a = 2.9245
b = 0.0005
s = 0.0275
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0275) – 1
= 11.65%
November 8, 2024 calculations
Top border of price channel:
Exp(Y955)
= Exp(a + b × X955 + 2 × s)
= Exp(a + b × 1,383 + 2 × s)
= Exp(2.9245 + 0.0005 × 1,383 + 2 × 0.0275)
= Exp(3.6290)
= $37.68
Bottom border of price channel:
Exp(Y955)
= Exp(a + b × X955 – 2 × s)
= Exp(a + b × 1,383 – 2 × s)
= Exp(2.9245 + 0.0005 × 1,383 – 2 × 0.0275)
= Exp(3.5189)
= $33.75
January 23, 2026 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.9245 + 0.0005 × 1,824 + 2 × 0.0275)
= Exp(3.8362)
= $46.35
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.9245 + 0.0005 × 1,824 – 2 × 0.0275)
= Exp(3.7260)
= $41.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 18.70% per annum.
- NI price at the close of January 23, 2026 was inside the secondary price channel.