Stock Ratings / Utilities / NI / options

CMS (60) EVRG (48) LNT (63) AEE (48) ⌘ Pro Terminal →

NiSource Inc (NI) Options Positioning, Max Pain & Unusual Sweeps

Q: Where is NI trading relative to its 50-day, 200-day, and 52-week technical levels?

NI last traded at $44.57 (-0.40% on volume of 7,478,238 shares), positioning the stock +7.53% above its 50-day simple moving average ($41.45) and -0.73% below its 200-day simple moving average ($44.90). Across its 52-week range of $38.42 to $49.21, NI sits at the 57.0% percentile with a 14-day RSI of 69.9 (BULLISH MOMENTUM) and an implied next-earnings move of ±3.6% ($42.97 to $46.17).

Q: What is NI's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for NI.

$44.57 -0.40% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $44.45

NiSource Inc (NI) carries a Roarable Rating of D (Sell) with 51/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 51/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.3% avg 90D alpha vs SPY) →

ROARABLE D • SELL / AVOID Cap $21.38B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on NI Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is NI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, NiSource Inc (NYSE: NI) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 51/100 at a spot price of $44.57 (-0.40% 1D, market cap $21.38B). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 12/20, FRED Macro Regime Fit 7/20, and SEC Balance-Sheet Forensics 9/20. Across 117 tracked Utilities issuers, NI ranks #56 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does NI compare to CMS and EVRG in the Utilities sector?

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Within the Utilities sector (Power Generation), NI carries a Roarable D (51/100 RQD), trailing P/E of 23.1x, gross margin of —, and ROIC of 8.8%. By comparison, CMS (CMS Energy Corporation) holds a C- grade (60/100 RQD, P/E 20.4x, ROIC 5.2%, cap $21.99B) and EVRG (Evergy Inc.) posts a D grade (48/100 RQD, P/E 23.0x, ROIC 5.2%, cap $19.81B). Among the 5-stock peer group, AEE leads on earnings multiple (19.3x) while NI leads on capital efficiency (8.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NI?

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Per NI's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001111711), NiSource Inc generated $6.52B in revenue (+23.5% YoY), $929.5M in net income, and -$420.0M in free cash flow against $35.86B in total assets and $8.39B in total debt. Key quantitative strengths: Established market leader in Utilities with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $44.45 (-0.26%)🧬 Disciplined Float (+0.80% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 51/100 (D) historically posted market-perform odds over rolling 90-day windows (-1.3% avg 90D alpha vs SPY • 49.7% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-3.1% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NI)Realized 20D OHLCV Swing Band: ±3.6%

Deterministic 5-Pillar Attribution (51/100 Composite)

🔍 WHY NI SCORES 51/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+14/20 pts (27% of score)

20D Institutional Volume Accumulation (±3.6% realized swing band)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+12/20 pts (24% of score)

Altman Z-Score 1.05 (DISTRESS RISK (<1.8)) • Piotroski F-Score 7/9

▼ #1 Drag / Risk Factor: Macro Regime Fit7/20 pts (-13 pt drag)

Macro rate sensitivity & RSI-14 (69.9) create a -13 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$41.26+4.2% Next Q

Q2 (-2Q)

Grade D$42.99+2% Next Q

Q3 (-1Q)

Grade D$43.87+1.6% Next Q

Current

Grade D$44.57-1.3% Hist 90D α

Trajectory: D (43) → D (51)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a NI Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While NI currently carries a cautious 51/100 (D) rating due to Macro Regime Fit (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Utilities with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($41.45) and Max Pain ($46.80) forces dealer call-delta covering toward $51.67.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.80% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NI• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “NI Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 51%NO 49%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±3.6%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (NI)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for NI.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NI)

✓Walkthrough of NI's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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NI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -7.30%⚡ TESTING RESISTANCE

2026-11-03O $44.75H $44.75L $44.57C $44.57VOL 7.48M

RES: $45.03SUP: $36.51SMA50: $41.45SMA200: $44.90

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NI Butterfly Map → + Track NI →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

16.9%/yr Implied 5Y Growth

vs. +23.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for NI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NI)

Utilities Rank #56 of 117 ⚔️ CMS vs NI Full Matrix →

1. Head-to-Head Utilities Peer Comparison (NI vs. CMS, EVRG, LNT, AEE)

Industry: Power Generation (18 Tracked Issuers)

Across 117 tracked Utilities securities in the Roarable RQD universe, NiSource Inc (NI) ranks #56 by composite RQD confidence (51/100, grade D) and #31 by equity capitalization ($21.38B). Within this direct 5-issuer industry benchmark cohort, AEE leads on earnings valuation at 19.3x trailing P/E, while NI leads on capital efficiency and profitability with 8.8% ROIC and — gross margin. LNT currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with NI at 51/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NI ACTIVE NiSource Inc	D	51/100	23.1x	—	8.8%	-0.40%	$21.38B	Benchmark Subject
CMS CMS Energy Corporation	C-	60/100	20.4x	—	5.2%	+0.83%	$21.99B	/cms-vs-ni →
EVRG Evergy Inc.	D	48/100	23.0x	—	5.2%	+0.61%	$19.81B	/evrg-vs-ni →
LNT Alliant Energy Corporation	C	63/100	22.6x	85.7%	4.6%	+2.15%	$18.58B	/lnt-vs-ni →
AEE Ameren Corporation	D	48/100	19.3x	—	5.1%	+0.30%	$30.60B	/aee-vs-ni →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001111711

In its most recent audited fiscal period (FY2025, filed 2025-12-31), NiSource Inc (NI) reported GAAP revenue of $6.52B (+23.5% vs. FY2024 revenue of $5.28B , and +22.0% cumulative change since FY2023) , GAAP net income of $929.5M, operating cash flow of $2.36B, and free cash flow of -$420.0M (+49.5% YoY). On the balance sheet, NI closed FY2025 with $35.86B in total assets against $8.39B in total debt (Altman Z-Score: 1.05, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$6.52B	$929.5M	$2.36B	-$420.0M	$35.86B	$8.39B
FY2024 (FY)	2024-12-31	$5.28B	$760.4M	$1.78B	-$832.5M	$31.79B	$7.44B
FY2023 (FY)	2023-12-31	$5.35B	$714.3M	$1.94B	$1.69B	$11.81B	$2.76B

3. NI Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NI stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does NI compare to CMS and EVRG in the Utilities sector?

What are the biggest fundamental strengths and SEC risk factors for NI?

Where is NI trading relative to its 50-day, 200-day, and 52-week technical levels?

NI last traded at $44.57 (-0.40% on volume of 7,478,238 shares), positioning the stock +7.53% above its 50-day simple moving average ($41.45) and -0.73% below its 200-day simple moving average ($44.90). Across its 52-week range of $38.42 to $49.21, NI sits at the 57.0% percentile with a 14-day RSI of 69.9 (BULLISH MOMENTUM) and an implied next-earnings move of ±3.6% ($42.97 to $46.17).

NI Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is NI's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for NI.

Direct Sub-Reports: NI RQD Cockpit NI 12M Forecast NI Earnings & Move NI Dividends & DRIP NI Insiders & 13F NI Whale Options NI Profit Sankey NI News & Why

Sector Peer Dials

Compare →

CMS C-

CMS Energy Corporation

Alliant Energy Corporation

Pacific Gas & Electric Co.

32 /100

PEG D+

Public Service Enterprise Group Incorporated

57 /100

NI Core Snapshot

Market Cap $21.38B

Trailing / Fwd P/E 23.1x / 19.4x

Gross Profit Margin —

Return on Capital (ROIC) 8.8%

Free Cash Flow Yield -1.96%

12M Base Price Target $43.17

FREE TRADER TOOLS

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NI Wire

Why It Moved →

Direct Company Event Yahoo! Finance Canada • 16h ago

NiSource Inc. (NI) Stock Price, News, Quote & History

Direct Company Event Barchart.com • 19h ago

Electric Utility NiSource’s Data-Center Power Business Can Continue to Grow — And NI Stock Is Cheap

Direct Company Event Yahoo Finance • 22h ago

NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook

Direct Company Event Simply Wall St • 1d ago

NiSource (NYSE:NI) - Stock Analysis

Direct Company Event Seeking Alpha • 1d ago

NiSource gains on 20-year Microsoft energy agreement for 1,100 MW (NI:NYSE)

ROARABLE RATING BRIEF • RQD 51/100 (D) ✓ STAGE-C NUMBER FIREWALL VERIFIED

NI — NiSource Inc: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:13:28Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, NiSource Inc scores 50 out of 100, a D grade, with the verdict "Roarable Sell — Underperform / Distribution Warning." The five pillars break down as follows: the Fundamental Cash Engine scores 9 out of 20 (ROIC 8.8%; FCF yield -1.96%), indicating weak free-cash generation relative to the earnings profile; Whale 13F Flow scores 13 out of 20 for institutional accumulation and options positioning, the strongest pillar; Insider Conviction scores 9 out of 20 based on SEC Form 4 and Congressional PTR cluster flow; Macro Regime Fit scores 7 out of 20 (Beta 0.75; sector sensitivity), the weakest pillar; and Forensic Balance Sheet scores 12 out of 20 (Altman Z 1.05; Piotroski F 7/9; Debt/Equity 0.76).

For a prospective investor, the upside case rests on the 13F accumulation signal and the balance sheet's Piotroski reading, which is relatively solid. The valuation tradeoff is that the stock trades at a trailing P/E of 23.1 against a forward P/E of 19.4, and an EV/EBITDA of 6.8, while free cash flow is negative per the SEC financials and market data. The low beta of 0.75 is a defensive characteristic, but the Macro Regime Fit pillar signals limited alignment with the current regime. The Altman Z of 1.05 sits in a low range and warrants caution regarding financial distress risk. These are analytical observations drawn from the rating, not a recommendation.

Snapshot

Price	Market Cap	P/E (TTM)	Forward P/E	EV/EBITDA	EPS (TTM)	Dividend Yield	Beta	52-Wk Range	ROIC %
$44.75	$21.47B	23.1	19.4	6.8	1.94	2.47%	0.75	$38.42 - $49.21	8.8%

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$6522.8M	$1835.3M	$929.5M	N/A	$-420.0M	$110.1M	$8390.9M
FY 2024	$5282.9M	$1455.5M	$760.4M	N/A	$-832.5M	$156.6M	$7438.4M
FY 2023	$5347.8M	$1295.5M	$714.3M	N/A	$1694.4M	N/A	$2762.6M

Per the SEC financials, revenue rose from $5347.8M in FY 2023 to $6522.8M in FY 2025, and operating income rose from $1295.5M to $1835.3M over the same span. Per the market data, the operating margin is 28.1% and the net margin is 14.3%, while the gross margin is reported as 0%. ROIC is 8.8% per the market data and the Roarable RQD rating. Per the forensic balance-sheet pillar, the Altman Z-Score is 1.05, the Piotroski F-Score is 7/9, and Debt/Equity is 0.76. Reported debt grew from $2762.6M in FY 2023 to $8390.9M in FY 2025, while FCF was negative in both FY 2024 and FY 2025.

Open Questions

What were the reported EPS figures for FY 2023 through FY 2025, which the financials list as N/A?
What drove the negative free cash flow in FY 2024 and FY 2025 despite rising operating income?
What is the composition of the increase in reported debt from $2762.6M to $8390.9M, and how is it allocated?
What were the actual results and guidance in the Q3 earnings report referenced in the news wire?
What is the specific financial impact of the Microsoft 1,100 MW agreement on revenue and capital expenditure?

NI Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for NiSource Inc (NI) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to NI Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo! Finance Canada • 16h ago

NiSource Inc. (NI) Stock Price, News, Quote & History

Yahoo! Finance Canada report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Barchart.com • 19h ago

Electric Utility NiSource’s Data-Center Power Business Can Continue to Grow — And NI Stock Is Cheap

Barchart.com report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 22h ago

NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook

Yahoo Finance report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

NiSource (NYSE:NI) - Stock Analysis

Simply Wall St report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 1d ago

NiSource gains on 20-year Microsoft energy agreement for 1,100 MW (NI:NYSE)

Seeking Alpha report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

NiSource Gears Up to Report Q3 Earnings: What's in the Cards?

TradingView report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Transitory Storm and Regulatory Noise Mask NiSource’s (NI) GenCo Data Center Opportunity

Yahoo Finance report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

NiSource (NI) Stock May Be Near Fair Value On Its Dividend Outlook

Simply Wall St report covering NiSource Inc (NI) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NI Bull vs. Bear Conversation Board — What's Your Call at $44.57?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NI 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $48.33 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is NI (D • RQD 50/100) a Buy at $44.75?

Welcome to the NI (NiSource Inc) Roar Pit. Current RQD Composite is 50/100 (Roarable Sell — Underperform / Distribution Warning) in Power Generation. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

BE BearTrap_Alert Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $36.70 (-18.0%)

Spot @ $44.75

Pump the brakes on NI — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on NI, but look at what you are paying: 23.1x trailing P/E with tightening sector spreads. Unless NiSource Inc expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

QU QuantViper Verified K Arena Trader 🐂 BULLISH 🎯 Target: $51.91 (+16.0%)

Spot @ $44.75

NI cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on NI, the market is fixating on short-term headline noise in Power Generation and ignoring the balance sheet and cash flow trajectory. At $44.75 (52-wk range $38.42 - $49.21), any beat on forward guidance forces shorts and underweight funds to chase.