NYSE:NIIntegrated Utilities
NiSource (NI) Stock May Be 21% Stretched On Dividend Fundamentals
After a 111.9% total return over the past 5 years, NiSource now trades at a level where the intrinsic value estimate from a Dividend Discount Model (DDM) points to a premium to current fundamentals, while broader valuation checks suggest the stock looks more expensive than cheap rather than clearly mispriced.
NiSource has delivered 111.9% over 5 years, which puts the current share price in the context of a strong longer term run that investors will want to reassess against fundamentals.
The...