Professional
Added to YB: 2024-02-22
Pitch date: 2024-02-22
NI [bullish]
NiSource Inc.
+67.37%
current return
Author Info
No bio for this author
Company Info
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States.
Market Cap
$20.5B
Pitch Price
$24.74
Price Target
33.00 (-20%)
Dividend
2.61%
EV/EBITDA
13.82
P/E
22.60
EV/Sales
6.05
Sector
Multi-Utilities
Category
value
NiSource Inc.: Long-Term Growth Plan on Track; Remains a Top Utilities Pick
NI reaffirmed at $33 FV & narrow moat post $1.60 adj EPS (+9%) in '23. 20% undervalued. $16B capex plan '24-'28 (+$1B) for 7% EPS CAGR 5yr, near 8-10% asset growth. Regulatory support & infra focus eg coal to renewable = LT 7% EPS & 6% div growth. Asset sales = core focus & stronger BS. Monitor IN solar, regs, gas biz vs risks in industrial reliance, emissions policy, execution.
Read full article (6 min)