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NiSource Inc NI

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Morningstar’s Analysis

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5-Star Price

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Indiana Renewable Energy Investment Approval Provides Increased Confidence in NiSource’s EPS Growth

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA |

We are reaffirming our $28.50 per share fair value estimate after NiSource reported flat 2021 second-quarter operating EPS, reaffirmed operating earnings guidance, and provided an update to its planned renewable energy investment. Operating EPS in the recently ended quarter were $0.13, the same as in the second quarter of 2020.

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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, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 7,389

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