NiSource Inc.

NiSource trades at a P/E of 24.80—a notable premium for a utility stock typically valued for stability over growth. With RSI at 55.3, the stock sits in neutral territory without overbought pressure, suggesting room to breathe either direction. The 2.94% short interest is unremarkable, indicating minimal squeeze risk. Trading below its 52-week high despite the elevated valuation raises questions about whether the market is repricing expectations downward or if the premium reflects genuine infrastructure investment appeal. For a $23B utility, this valuation demands conviction that rate increases or operational improvements justify the multiple.