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NiSource Inc NI

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Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

NiSource Plans to Increase Renewable Energy Investment by $2 Billion

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA |

We are increasing our fair value estimate to $27 per share from $26 after NiSource reported 2020 second-quarter operating earnings per share of $0.13 versus $0.05 last year, initiated 2021 earnings guidance, and announced plans to invest an additional $1.8 billion-$2 billion in renewable energy through 2023.

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Company Profile

Business Description

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.5 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource’s electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, most of which is now coal-fired but is being replaced by natural gas and renewables.

Contact
801 East 86th Avenue
Merrillville, IN, 46410
T +1 877 647-5990
Sector Utilities
Industry Utilities - Regulated Gas
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 8,363

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