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NiSource: Minority Interest Sale Is the Best Option for Investors; Remains Top Utilities Pick

May 26, 2023

We are reaffirming our $32 fair value estimate for NiSource NI after meeting with management and learning more about the strategic decision to sell a minority stake in its largest subsidiary, NIPSCO. We are reaffirming our narrow moat and stable moat trend ratings.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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