NiSource Inc

NI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$74.00	Ddvmk	Xnwscvfm

NiSource Raises Outlook for 2023, Remains a Top Pick in Utilities Sector

Travis Miller

Feb 22, 2023

We are reaffirming our $32 fair value estimate for NiSource after the company announced $1.47 in operating earnings per share for 2022, up 7% from 2021. Results were in line with our expectations. We are reaffirming our narrow moat and stable moat trend ratings.

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