Sifting through countless of stocks in the Multi-Utilities industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in NiSource Inc. or Public Service Enterprise Group Incorporated because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how NiSource Inc. and Public Service Enterprise Group Incorporated compare based on key financial metrics to determine which better meets your investment needs.

About NiSource Inc. and Public Service Enterprise Group Incorporated

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants. As of December 31, 2025, it had electric transmission and distribution system of 25,000 circuit miles and 871,000 poles; 58 switching stations with an installed capacity of 40,000 megavolt-amperes (MVA), and 238 substations with an installed capacity of 10,890 MVA; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and two meter shop, as well as 54 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. The company was founded in 1903 and is based in Newark, New Jersey.

Latest Multi-Utilities and NiSource Inc., Public Service Enterprise Group Incorporated Stock News

As of September 14, 2026, NiSource Inc. had a $19.7 billion market capitalization, compared to the Multi-Utilities median of $23.2 million. NiSource Inc.’s stock is NA in 2026, NA in the previous five trading days and down 0.15% in the past year.

Currently, NiSource Inc.’s price-earnings ratio is 21.8. NiSource Inc.’s trailing 12-month revenue is $6.9 billion with a 13.2% net profit margin. Year-over-year quarterly sales growth most recently was 4.6%. Analysts expect adjusted earnings to reach $2.052 per share for the current fiscal year. NiSource Inc. currently has a 2.9% dividend yield.

Currently, Public Service Enterprise Group Incorporated’s price-earnings ratio is 17.6. Public Service Enterprise Group Incorporated’s trailing 12-month revenue is $12.5 billion with a 16.0% net profit margin. Year-over-year quarterly sales growth most recently was -8.9%. Analysts expect adjusted earnings to reach $4.369 per share for the current fiscal year. Public Service Enterprise Group Incorporated currently has a 3.8% dividend yield.

How We Compare NiSource Inc. and Public Service Enterprise Group Incorporated Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at NiSource Inc. and Public Service Enterprise Group Incorporated’s stock grades to see how they measure up against one another.

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NiSource Inc. and Public Service Enterprise Group Incorporated Growth Grades

Company	Ticker	Growth
NiSource Inc.	NI	B
Public Service Enterprise Group Incorporated	PEG	B

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

NiSource Inc. has a Growth Score of 77, which is Strong. Public Service Enterprise Group Incorporated has a Growth Score of 73, which is Strong.

The Growth Grade Winner: It’s a Tie!

Looking at the Growth Grade breakdown above, both NiSource Inc. and Public Service Enterprise Group Incorporated have a grade of B. For investors who focus solely on a company’s upward growth, further research should be conducted into both companies’ other financial metrics before deciding whether to invest.

NiSource Inc. and Public Service Enterprise Group Incorporated’s Quality Grades

Company	Ticker	Quality
NiSource Inc.	NI	D
Public Service Enterprise Group Incorporated	PEG	C

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

NiSource Inc. has a Quality Score of 38, which is Weak. Public Service Enterprise Group Incorporated has a Quality Score of 48, which is Average.

The Quality Stock Winner: No Clear Winner

Neither NiSource Inc. or Public Service Enterprise Group Incorporated has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if NiSource Inc. or Public Service Enterprise Group Incorporated is the better investment when it comes to quality.

NiSource Inc. and Public Service Enterprise Group Incorporated’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
NiSource Inc.	NI	D
Public Service Enterprise Group Incorporated	PEG	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

NiSource Inc. has a Earnings Estimate Score of 31, which is Negative. Public Service Enterprise Group Incorporated has a Earnings Estimate Score of 48, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither NiSource Inc. or Public Service Enterprise Group Incorporated has an Earnings Estimate Revisions Grade that could be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if NiSource Inc. or Public Service Enterprise Group Incorporated is the better investment when it comes to estimate revisions.

Other NiSource Inc. and Public Service Enterprise Group Incorporated Grades

In addition to Quality, Growth and Estimate Revisions, A+ Investor also provides grades for Value and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether NiSource Inc. and Public Service Enterprise Group Incorporated pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, NiSource Inc. or Public Service Enterprise Group Incorporated Stock?

Overall, NiSource Inc. stock has a Growth Score of 77, Estimate Revisions Score of 31 and Quality Score of 38.

Public Service Enterprise Group Incorporated stock has a Growth Score of 73, Estimate Revisions Score of 48 and Quality Score of 48.

Comparing NiSource Inc. and Public Service Enterprise Group Incorporated’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.