Continuum Advisory LLC Has $762,000 Stock Holdings in NiSource, Inc $NI

Continuum Advisory LLC boosted its stake in shares of NiSource, Inc (NYSE:NI) by 251.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,253 shares of the utilities provider’s stock after purchasing an additional 13,059 shares during the period. Continuum Advisory LLC’s holdings in NiSource were worth $762,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd purchased a new stake in NiSource during the third quarter worth $84,086,000. Magellan Asset Management Ltd lifted its holdings in NiSource by 7.5% during the third quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock worth $15,985,000 after buying an additional 25,721 shares during the period. WINTON GROUP Ltd purchased a new stake in NiSource during the third quarter worth $1,154,000. Capital International Investors lifted its holdings in NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares during the period. Finally, Alkeon Capital Management LLC lifted its holdings in NiSource by 21.0% during the third quarter. Alkeon Capital Management LLC now owns 3,100,500 shares of the utilities provider’s stock worth $134,252,000 after buying an additional 539,000 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. This trade represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,500 shares of company stock worth $1,305,675 over the last ninety days. 0.37% of the stock is owned by insiders.

NiSource Price Performance

Shares of NI opened at $46.60 on Friday. The business’s 50-day moving average is $47.22 and its two-hundred day moving average is $45.09. The company 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 company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $48.98.

NiSource (NYSE:NI) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Analyst Ratings Changes

NI has been the subject of several analyst reports. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a report on Monday, April 20th. KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. Finally, Barclays increased their price objective on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

About NiSource

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.