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California Public Employees Retirement System trimmed its position in shares of NiSource, Inc (NYSE: NI) by 14.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,022,459 shares of the utilities provider's stock after selling 171,322 shares during the period.
NiSource's regulated operations, $28.6B investment plan, rising demand and dividend growth support its long-term earnings outlook.
Skyrocketing demand from artificial intelligence data centers is exacerbating shortages of critical grid equipment like transformers across the U.S., driving up costs, stretching out wait times and spurring utilities and developers to lock in orders far in advance.
NiSource (NI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
NiSource (NI) remains a 'buy' as its innovative data center agreements, notably with Amazon, position it for sustained growth and regulatory favor. NI's model isolates data center capex and returns, protecting existing customers from rate hikes while securing guaranteed returns and surcharges to reduce bills. With a $29B five-year capex plan and at least 8% projected EPS growth, NI offers a compelling blend of income and growth.
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NiSource Inc. has secured a regulatory framework in Indiana requiring hyperscale data centers to fund their own infrastructure, directly benefiting existing customers. NI's GenCo structure isolates large-load risks, enabling expedited agreements and a replicable template for future data center contracts. I expect adjusted EPS growth of 9–10% through 2033, supported by 4 GW of signed capacity and robust pipeline visibility.
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) announced the Indiana Utility Regulatory Commission (IURC) has approved key agreements supporting the company's previously announced partnership with Amazon to serve new data center development in northern Indiana. This marks an inaugural milestone that reinforces the meaningful benefits this approach will provide for existing customers. On June 17, the IURC fully approved the settlement agreement, Amazon special contract and related.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.