Management Meeting: NiSource Receives Competitive Pricing on Planned Financings
We are reaffirming our $26 per share fair value estimate and narrow-moat rating after meeting with NiSource's senior management at the American Gas Association Financial Forum in Phoenix, Arizona. The discussion focused on planned financings to maintain targeted debt metrics and Nipsco's recent request for proposals for an additional 600 megawatts of generation capacity.Earlier this month, NiSource announced a $600 million private placement of common stock and management was very pleased at at...
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.
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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.
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