Report
Charles Fishman
EUR 147.86 For Business Accounts Only

NiSource Initiates 2017 Guidance Range Slightly Higher Than Expected

We are reaffirming our narrow moat and stable moat trend ratings, along with our $21 fair value estimate, after NiSource reported third-quarter operating earnings that were flat against last year and initiated a 2017 guidance range with a midpoint slightly higher than our estimate. Operating earnings for the recently ended quarter were $0.06 per share, the same as last year. The summer quarter is typically weak, as most of the company's earnings are from natural gas distribution. 
Management ini...
Underlying
NiSource Inc

NiSource is an energy holding company. Through its subsidiaries, the company is a natural gas distribution company. The company's reportable segments are: Gas Distribution Operations and Electric Operations. For its gas distribution operations, through its wholly-owned subsidiary, NiSource Gas Distribution Group, Inc., the company owns distribution subsidiaries that provide natural gas to residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland and Massachusetts. Through its electric operations, the company generates, transmits and distributes electricity through its subsidiary, Northern Indiana Public Service Company LLC, and engages in wholesale and transmission transactions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

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