NiSource (NI) vs WEC Energy Group (WEC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
NiSource (NI) has outperformed WEC Energy Group (WEC) over the past year, losing 7.0% versus a loss of 10.4%. Over five years, NI leads with a +62.9% price change compared with +14.6% for WEC. WEC Energy Group is the larger company by market cap ($33.73 billion vs $19.42 billion), about 1.7 times the size, while NiSource is growing revenue faster (+23.5% vs +14.0%).
On valuation, WEC Energy Group trades at a lower forward P/E (17.3x vs 18.0x for NiSource). WEC Energy Group offers the higher dividend yield (3.57% vs 1.43%). WEC Energy Group converts more of its revenue into profit, with a net margin of 15.9% versus 14.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NI | WEC |
|---|---|---|
| Share price | $40.49 | $103.50 |
| Market cap | $19.42B | $33.73B |
| 1-day change | -0.12% | +0.31% |
| YTD return | -2.92% | -2.16% |
| 1-year return | -7.00% | -10.43% |
| 5-year return | +62.94% | +14.56% |
| P/E ratio (TTM) | 21.54 | 20.10 |
| Forward P/E | 17.99 | 17.25 |
| EPS (TTM) | $1.88 | $5.15 |
| Dividend yield | 1.43% | 3.57% |
| Annual dividend | $0.58 | $3.69 |
| Revenue (latest FY) | $6.52B | $9.80B |
| Revenue growth (YoY) | +23.47% | +13.96% |
| Net income (latest FY) | $929.50M | $1.56B |
| Gross margin | 75.71% | 66.68% |
| Operating margin | 28.14% | 22.91% |
| Net margin | 14.25% | 15.87% |
| 52-week high | $49.21 | $119.91 |
| 52-week low | $38.42 | $99.80 |
| Distance from 52-week high | -17.72% | -13.69% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +21.34% | +16.19% |
| Average volume | 5.53M | 2.43M |
| Shares outstanding | 479.56M | 325.85M |
| Employees | 7,668 | 7,000 |
| Sector | Utilities | Utilities |
| Industry | Power Generation | Power Generation |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- WEC Energy Group offers a meaningfully higher dividend yield (3.57% vs 1.43%).
- NiSource grew revenue faster in its latest fiscal year (+23.47% vs +13.96%).
About NiSource
NI stock →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.
Utilities · Power Generation · 7,668 employees
About WEC Energy Group
WEC stock →WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. The company operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments.
Utilities · Power Generation · 7,000 employees
NI vs WEC FAQ
Which is bigger, NiSource or WEC Energy Group?
WEC Energy Group (WEC) is larger, with a market capitalization of $33.73B compared with $19.42B for NiSource (NI).
Which stock has performed better over the past year, NI or WEC?
NI returned -7.00% over the past 12 months, compared with -10.43% for WEC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NI or WEC?
WEC has the lower trailing P/E at 20.1, versus 21.5 for NI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, NiSource or WEC Energy Group?
WEC Energy Group has the higher yield at 3.57%, compared with 1.43% for NiSource.
Are NiSource and WEC Energy Group in the same industry?
Yes. Both are classified in the Power Generation industry within the Utilities sector.