Continuum Advisory LLC Buys 13,059 Shares of NiSource, Inc $NI

Continuum Advisory LLC boosted its stake in NiSource, Inc (NYSE:NI) by 251.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,253 shares of the utilities provider’s stock after purchasing an additional 13,059 shares during the quarter. Continuum Advisory LLC’s holdings in NiSource were worth $762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its holdings in shares of NiSource by 2.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 85,423 shares of the utilities provider’s stock worth $3,567,000 after acquiring an additional 2,231 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of NiSource by 15.1% in the fourth quarter. Cibc World Market Inc. now owns 103,844 shares of the utilities provider’s stock worth $4,337,000 after acquiring an additional 13,594 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of NiSource by 18.4% in the fourth quarter. Lido Advisors LLC now owns 7,222 shares of the utilities provider’s stock worth $310,000 after acquiring an additional 1,122 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of NiSource by 69.5% in the fourth quarter. CIBC Asset Management Inc now owns 113,497 shares of the utilities provider’s stock worth $4,740,000 after acquiring an additional 46,556 shares in the last quarter. Finally, Capital Innovations LLC bought a new stake in shares of NiSource in the fourth quarter worth about $494,000. Institutional investors own 91.64% of the company’s stock.

Insider Activity

In other news, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the transaction, the executive vice president directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock valued at $1,305,675 over the last ninety days. 0.37% of the stock is owned by insiders.

NiSource Stock Up 1.6%

NI stock opened at $46.60 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The stock has a market capitalization of $22.34 billion, a P/E ratio of 23.19, a P/E/G ratio of 3.66 and a beta of 0.54. The business has a 50-day moving average of $47.22 and a 200-day moving average of $45.09. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $48.98.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period in the prior year, the firm earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio is currently 59.70%.

Analysts Set New Price Targets

Several brokerages have issued reports on NI. Evercore set a $52.00 price target on NiSource in a report on Monday, May 11th. Barclays increased their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. KeyCorp began coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Citigroup increased their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.