NiSource’s FVE Unchanged as Estimated Claims From Boston Gas Explosion Continue to Rise
We are reaffirming our $27 per share fair value estimate after narrow-moat NiSource reported 2019 first-quarter operating EPS of $0.82 versus $0.77 in the same period last year.However, operating earnings exclude roughly $0.30 per share of estimated costs related to the tragic natural gas explosion north of Boston in September 2018. We suspect some of these expenses may be recovered by insurance claims or regulatory relief and reversed later.
Third-party claims and other expenses have climbed t...
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.
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.
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