Morningstar’s Travis Miller: My Top Utility Stock Is NiSource ($NI)
“This is a generational investment opportunity for utilities.”
The utility sector is offering nice yields and some of the best risk-adjusted bargains in the stock market, says Morningstar Energy and Utilities Strategist Travis Miller.
“Not every utility is going to win,” though, says Travis.
Big tech is spending big bucks to get big electricity – but they’re only doing it in select locations. Travis has found a utility poised to disproportionately benefit from this trend: Indiana-based NiSource (NYSE: $NI), which is half a natural gas distribution utility to boot.
Indiana is pro-utility and pro-data center, and NiSource offers investors double-digit upside according to Travis’ model.
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This article is for informational purposes only and is neither investment advice nor a solicitation to buy or sell securities. All investment involves inherent risks, including the total loss of principal, and past performance is not a guarantee of future results. Always conduct thorough research or consult with a financial expert before making any investment decisions. Neither the author nor BBAE has a position in any investment mentioned.
