NiSource Inc

NI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$53.00	Mdlfj	Zhnhnwrnr

NiSource Earnings: Growth Opportunities Continue to Materialize; Remains a Top Utilities Pick

Travis Miller

May 8, 2024

We plan to increase our fair value estimate for NiSource to $34 per share from $33 after incorporating first-quarter earnings and other updates that support our outlook. We are reaffirming our narrow economic moat rating.

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