NiSource Inc

NI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$95.00	Ctbflt	Rtpmbmr

NiSource Earnings: Long-Term Growth Plan on Track; Remains a Top Utilities Pick

Travis Miller

Feb 22, 2024

We are reaffirming our $33 fair value estimate and narrow moat rating for NiSource after the company reported earning $1.60 per share on an adjusted basis in 2023, in line with our estimate and at the top end of management's guidance range. Operating earnings were up 9% from 2022.

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