Skip to Content

NiSource Inc NI

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

NiSource Kicks Off 2022 Regulatory Year With Constructive Rulings in Kentucky, Pennsylvania

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $30 per share fair value estimate for NiSource after Kentucky regulators approved an $18.3 million, or 12%, increase in gas base rates, mostly in line with a settlement reached in October. We are also reaffirming our narrow moat and stable moat trend ratings.

Read Full Analysis

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 Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 7,389

Related