Is NiSource (NI) Still Undervalued As Its $51 Fair Value Case Faces Questions?

NiSource (NI) is attracting investor attention as a regulated utility, despite a recent share price pullback. While analysts estimate its fair value at $51.36, suggesting it's undervalued, the company's current P/E ratio is higher than the industry average, questioning if future growth is already priced in. Investors are advised to review underlying data and consider risk factors like regulatory pushback on data center and infrastructure projects, and long-term pressure on gas investments, to determine next steps.