NiSource Inc

NI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.00	Tpjtm	Dqcnqdww

NiSource Reaches Landmark Settlement in Indiana; Deserves Premium Valuation

Travis Miller

Mar 13, 2023

We are reaffirming our $32 fair value estimate for NiSource after the company announced it reached a settlement in its Indiana electric rate review case, one of the largest in recent years. We are also reaffirming our narrow moat and stable moat trend ratings.

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