NI
NiSource Inc. Utilities - Gas Investor Relations →
NiSource Inc. (NI) closed at $44.10 as of 2026-02-02, trading 45.0% above its 200-week moving average of $30.42. The stock is currently moving closer to the line, down from 45.0% last week. The 14-week RSI sits at 61, indicating neutral momentum.
Over the past 2715 weeks of data, NI has crossed below its 200-week moving average 36 times. On average, these episodes lasted 21 weeks. Historically, investors who bought NI at the start of these episodes saw an average one-year return of +9.3%.
With a market cap of $20.9 billion, NI is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 9.1%. The stock trades at 2.3x book value.
Share count has increased 14.9% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in NI would have grown to $3206, compared to $2849 for the S&P 500. That represents an annualized return of 11.0% vs 10.6% for the index — confirming NI as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: NI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NI Crosses Below the Line?
Across 15 historical episodes, buying NI when it crossed below its 200-week moving average produced an average return of +12.0% after 12 months (median +10.0%), compared to +10.2% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +30.1% vs +23.1% for the index.
Each line shows $100 invested at the moment NI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NI has crossed below its 200-week MA 36 times with an average 1-year return of +9.3% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1974 | Jun 1975 | 72 | 34.3% | -5.8% | +8019.9% |
| Jul 1975 | Nov 1975 | 15 | 14.1% | +5.2% | +8140.2% |
| Dec 1975 | Dec 1975 | 2 | 1.6% | +15.4% | +8079.6% |
| Mar 1976 | Mar 1976 | 1 | 1.2% | +6.6% | +8019.9% |
| May 1976 | Jun 1976 | 7 | 6.4% | +11.7% | +8019.9% |
| Apr 1978 | Jun 1978 | 8 | 3.4% | -10.9% | +8019.9% |
| Aug 1978 | Oct 1982 | 214 | 35.0% | -7.2% | +7903.1% |
| Oct 1982 | Nov 1982 | 1 | 6.9% | +26.6% | +11734.3% |
| Nov 1982 | Dec 1982 | 6 | 4.2% | +18.2% | +11136.6% |
| Jan 1983 | Feb 1983 | 2 | 0.3% | +14.1% | +11136.6% |
| Dec 1984 | Feb 1985 | 7 | 7.7% | -10.9% | +11294.8% |
| Apr 1985 | Jun 1985 | 7 | 4.8% | +4.9% | +10928.3% |
| Aug 1985 | Sep 1985 | 1 | 1.7% | +6.2% | +10818.8% |
| Sep 1985 | Mar 1986 | 26 | 19.9% | +3.9% | +10941.5% |
| Apr 1986 | May 1986 | 1 | 3.0% | N/A | +10775.8% |
| Jun 1986 | Jun 1986 | 1 | 0.3% | +8.9% | +10413.2% |
| Jul 1986 | Aug 1986 | 5 | 7.1% | +3.4% | +10652.2% |
| Sep 1986 | Oct 1986 | 5 | 7.3% | -5.6% | +10413.2% |
| Apr 1987 | May 1987 | 7 | 9.2% | +0.8% | +10652.2% |
| Jul 1987 | Mar 1988 | 37 | 22.8% | +2.3% | +10297.7% |
| Apr 1988 | May 1988 | 3 | 3.3% | +45.5% | +10695.6% |
| Oct 1999 | Aug 2000 | 45 | 38.3% | +27.8% | +1439.1% |
| Oct 2001 | Dec 2001 | 9 | 16.3% | -25.2% | +1195.5% |
| Jan 2002 | Mar 2002 | 7 | 12.6% | -2.3% | +1229.2% |
| Apr 2002 | Apr 2002 | 3 | 3.0% | -11.2% | +1214.9% |
| Jun 2002 | Jun 2003 | 53 | 28.5% | -7.3% | +1221.0% |
| Jul 2003 | Sep 2003 | 7 | 2.9% | +15.0% | +1296.6% |
| Apr 2004 | May 2004 | 4 | 0.7% | +20.3% | +1195.1% |
| Jul 2007 | Mar 2010 | 136 | 54.2% | -7.6% | +1088.8% |
| May 2010 | Jun 2010 | 3 | 3.7% | +44.3% | +1176.8% |
| Jun 2010 | Jul 2010 | 1 | 1.1% | +47.5% | +1191.6% |
| Mar 2020 | Apr 2020 | 3 | 14.3% | +16.8% | +157.0% |
| Apr 2020 | Apr 2021 | 49 | 10.8% | +10.1% | +120.6% |
| Sep 2021 | Sep 2021 | 2 | 0.2% | +24.0% | +113.1% |
| Oct 2022 | Oct 2022 | 3 | 1.8% | +4.0% | +102.2% |
| Oct 2023 | Oct 2023 | 1 | 0.3% | +46.3% | +94.4% |
| Average | 21 | — | +9.3% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02