NiSource Inc
NI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$18.00 | Zpddrdq | Llbfzbgqy |
NiSource Earnings: Executing Growth Plan After Finalizing Minority Interest Sale
We are reaffirming our $33 fair value estimate for NiSource after the company reported $0.11 per share of weather-adjusted operating earnings in the second quarter, down from $0.12 in the second quarter of 2022. First-half earnings are up 1% and on track to meet our full-year expectations for 7% growth given the large revenue step-ups that will take effect in the second half of the year. We are reaffirming our narrow moat rating.