NISOURCE INC NI
COM · Common Stock · CUSIP 65473P105 · ISIN US65473P1057
Utility corporation based in Indiana, USA
- SectorUtilities
- IndustryElectric & Other Services Combined
- HeadquartersMerrillville, IN
- Founded1912
- Websitenisource.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($122.8m this quarter). Holder counts are more reliable. Shares outstanding: 470.9m as of 2025-07-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $40.33. Options: 11 managers hold calls ($9.8m notional), 8 hold puts ($16.0m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 544 |
| Q4 2022 | 575 |
| Q1 2023 | 591 |
| Q2 2023 | 566 |
| Q3 2023 | 586 |
| Q4 2023 | 610 |
| Q1 2024 | 634 |
| Q2 2024 | 639 |
| Q3 2024 | 688 |
| Q4 2024 | 736 |
| Q1 2025 | 799 |
| Q2 2025 | 775 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 275 | 238 |
| Q4 2023 | 294 | 264 |
| Q1 2024 | 336 | 238 |
| Q2 2024 | 316 | 257 |
| Q3 2024 | 330 | 285 |
| Q4 2024 | 355 | 287 |
| Q1 2025 | 415 | 297 |
| Q2 2025 | 391 | 336 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $12.1m | $2.2m | 0.18 |
| Q4 2024 | $12.0m | $2.1m | 0.17 |
| Q1 2025 | $10.4m | $16.0m | 1.54 |
| Q2 2025 | $9.8m | $16.0m | 1.64 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +16.7m |
| ROYAL BANK OF CANADA | Added | +4.5m |
| NORGES BANK | Added | +2.0m |
| UBS Group AG | Added | +1.8m |
| Soroban Capital Partners LP | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.2m |
| Merewether Investment Management, LP | Added | +1.1m |
| STATE STREET CORP | Added | +965.7k |
| Assenagon Asset Management S.A. | Added | +946.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +860.8k |
Biggest sellers
| Brookfield Corp /ON/ | Reduced | -3.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| FMR LLC | Reduced | -1.5m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| COHEN & STEERS, INC. | Reduced | -1.2m |
| Thrivent Financial for Lutherans | Reduced | -1.1m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.0m |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -908.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $4.1m102.5k shares |
| NOMURA HOLDINGS INC | New | $1.8m45.4k shares |
| GROUP ONE TRADING LLC | Added | $1.1m26.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.0m24.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $895.5k22.2k shares |
| Walleye Trading LLC | Reduced | $334.8k8.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $215.8k5.4k shares |
| Walleye Capital LLC | New | $177.5k4.4k shares |
| Brooklands Fund Management Ltd | New | $118.5k2.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $24.0k600 shares |
Biggest puts
| Walleye Trading LLC | Reduced | $6.4m159.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.3m105.9k shares |
| CITADEL ADVISORS LLC | Added | $2.2m55.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m36.4k shares |
| GROUP ONE TRADING LLC | Unchanged | $786.6k19.5k shares |
| Walleye Capital LLC | Added | $572.8k14.2k shares |
| WOLVERINE TRADING, LLC | New | $291.8k7.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
| T. Rowe Price Investment Management, Inc. 13G · institution -4.3 pts · filed 2026-08-14 | 6.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.6% |
| STATE STREET CORP 13G · institution +0.1 pts · filed 2025-05-13 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $1.1m | 3 | $646.7k | — |
| Q4 2023 | 0 | — | 1 | $131.2k | — |
| Q1 2024 | 0 | — | 3 | $1.3m | — |
| Q2 2024 | 0 | — | 1 | $104.6k | — |
| Q3 2024 | 0 | — | 3 | $582.5k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $745.8k | $526.2k |
| Q2 2025 | 0 | — | 3 | $1.3m | $386.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-05-30 | Berman Melanie B. EVP Administration & CHRO | Sold | $245.5k6.2k shares |
| 2025-05-16 | Yates Lloyd M Director and President & CEO, director | Sold | $627.8k16.1k shares |
| 2025-05-14 | Jesanis Michael E Director | Sold plan | $233.6k6.2k shares |
| 2025-05-13 | Jesanis Michael E Director | Sold plan | $152.9k4.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 61.4m $2.5bn | Added +578.1k |
| BlackRock, Inc. 0.04% of their portfolio | 48.4m $2.0bn | Added +689.7k |
| T. Rowe Price Investment Management, Inc. 1.04% of their portfolio | 40.7m $1.6bn | Added +16.7m |
| STATE STREET CORP 0.04% of their portfolio | 24.7m $997.4m | Added +965.7k |
| DEUTSCHE BANK AG\ 0.21% of their portfolio | 14.0m $563.8m | Reduced -629.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 12.2m $491.8m | Added +124.9k |
| JENNISON ASSOCIATES LLC 0.28% of their portfolio | 11.7m $473.4m | Added +157.0k |
| FMR LLC 0.02% of their portfolio | 9.9m $398.0m | Reduced -1.5m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 9.3m $374.9m | Added +4.5m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 8.3m $335.3m | Reduced -1.7m |
| Invesco Ltd. 0.06% of their portfolio | 8.0m $323.4m | Added +107.3k |
| NORGES BANK 0.04% of their portfolio | 7.4m $296.5m | Added +2.0m |
| Capital International Investors 0.05% of their portfolio | 7.1m $285.2m | Added +47.3k |
| COHEN & STEERS, INC. 0.51% of their portfolio | 6.9m $280.0m | Reduced -1.2m |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 6.5m $263.9m | Reduced -91.6k |
| Newport Trust Company, LLC 0.57% of their portfolio | 5.9m $239.5m | Reduced -55.8k |
| BANK OF MONTREAL /CAN/ 0.11% of their portfolio | 5.4m $216.0m | Reduced -34.0k |
| MORGAN STANLEY 0.01% of their portfolio | 4.8m $195.2m | Reduced -62.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 4.5m $182.9m | Added +684.2k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 4.5m $182.4m | Reduced -118.4k |
| Pictet Asset Management Holding SA 0.18% of their portfolio | 4.5m $180.8m | Reduced -249.8k |
| UBS Group AG 0.04% of their portfolio | 4.4m $179.0m | Added +1.8m |
| Soroban Capital Partners LP 1.74% of their portfolio | 4.4m $178.9m | Added +1.5m |
| Legal & General Group Plc 0.04% of their portfolio | 4.2m $170.7m | Added +119.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.2m $170.1m | Added +55.5k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 3.8m $152.3m | Reduced -225.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.8m $152.2m | Added +247.3k |
| REAVES W H & CO INC 3.33% of their portfolio | 3.7m $150.1m | Reduced -431.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 3.6m $144.7m | Reduced -2.0m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.57% of their portfolio | 3.3m $133.9m | Reduced -217.2k |
| Merewether Investment Management, LP 3.49% of their portfolio | 3.0m $121.3m | Added +1.1m |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 2.7m $109.5m | Added +1.2m |
| ALKEON CAPITAL MANAGEMENT LLC 0.50% of their portfolio | 2.6m $103.3m | Added +100.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.4m $98.3m | Reduced -38.8k |
| Thrivent Financial for Lutherans 0.21% of their portfolio | 2.4m $96.0m | Reduced -1.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 2.3m $91.7m | Reduced -2.1m |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 2.0m $78.9m | Reduced -107.3k |
| Nuveen, LLC 0.02% of their portfolio | 1.9m $78.5m | Added +153.5k |
| PRUDENTIAL FINANCIAL INC 0.10% of their portfolio | 1.9m $78.2m | Added +523.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.9m $75.4m | Reduced -343.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.7m $70.4m | Added +125.0k |
| California Public Employees Retirement System 0.04% of their portfolio | 1.7m $69.7m | Reduced -294.7k |
| Amundi 0.02% of their portfolio | 1.7m $67.9m | Added +441.6k |
| Brookfield Corp /ON/ 0.08% of their portfolio | 1.7m $69.2m | Reduced -3.8m |
| TCW GROUP INC 0.53% of their portfolio | 1.7m $67.9m | Reduced -71.8k |
| Assenagon Asset Management S.A. 0.10% of their portfolio | 1.6m $64.9m | Added +946.9k |
| TD Asset Management Inc 0.05% of their portfolio | 1.6m $63.4m | Reduced -6.2k |
| Bahl & Gaynor LLC 0.29% of their portfolio | 1.4m $58.2m | Reduced -30.4k |
| Swiss National Bank 0.03% of their portfolio | 1.4m $57.5m | Added +108.0k |
| Epoch Investment Partners, Inc. 0.29% of their portfolio | 1.4m $55.5m | Reduced -60.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 1.4m $55.0m | Added +860.8k |
| BARCLAYS PLC 0.02% of their portfolio | 1.3m $53.6m | Reduced -304.0k |
| AVIVA PLC 0.11% of their portfolio | 1.3m $53.1m | Added +84.9k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.18% of their portfolio | 1.3m $52.9m | Reduced -22.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 1.2m $49.4m | Added +235.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.83% of their portfolio | 1.2m $49.1m | Reduced -512.7k |
| Employees Retirement System of Texas 0.39% of their portfolio | 1.2m $48.4m | Reduced -284.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 1.2m $46.8m | Added +106.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 1.1m $43.1m | Reduced -5.5k |
| ExodusPoint Capital Management, LP 0.52% of their portfolio | 1.1m $42.6m | Added +234.8k |
| Artemis Investment Management LLP 0.52% of their portfolio | 1.0m $40.4m | Reduced -449.9k |
| First Financial Bankshares Inc 0.90% of their portfolio | 1.0m $40.4m | Added +2.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 990.0k $39.9m | Reduced -26.6k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 984.1k $39.7m | Added +15.5k |
| Verition Fund Management LLC 0.23% of their portfolio | 975.1k $39.3m | Added +447.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 969.2k $39.1m | Reduced -1.0m |
| STRS OHIO 0.14% of their portfolio | 945.8k $38.2m | Added +20.1k |
| Capital International, Inc./CA/ 0.37% of their portfolio | 932.8k $37.6m | Reduced -6.1k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 932.0k $37.6m | Added +471.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.20% of their portfolio | 930.3k $37.5m | Added +38.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 915.8k $36.9m | Added +84.1k |
| Yaupon Capital Management LP 2.43% of their portfolio | 909.2k $36.7m | Added +8.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 891.9k $36.0m | Added +215.7k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 870.4k $35.1m | Reduced -12.3k |
| Retirement Systems of Alabama 0.12% of their portfolio | 864.3k $34.9m | Reduced -13.3k |
| EXCHANGE TRADED CONCEPTS, LLC 0.44% of their portfolio | 860.2k $34.7m | Added +97.3k |
| HITE Hedge Asset Management LLC 1.98% of their portfolio | 856.2k $34.5m | Added +406.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 840.0k $33.9m | Reduced -319.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 808.9k $32.6m | Reduced -144.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 807.4k $32.6m | Reduced -657.2k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 789.1k $31.5m | Reduced -161.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 780.2k $31.5m | Reduced -101.6k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 729.1k $29.4m | Added +38.4k |
| CRAMER ROSENTHAL MCGLYNN LLC 2.01% of their portfolio | 724.3k $29.2m | Reduced -112.0k |
| CWM, LLC 0.10% of their portfolio | 700.0k $28.2m | Reduced -22.1k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 678.1k $27.4m | Reduced -53.8k |
| Jain Global LLC 0.39% of their portfolio | 626.6k $25.3m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 617.5k $24.9m | Reduced -30.0k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.31% of their portfolio | 594.2k $24.0m | New |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 581.4k $23.5m | Added +419.3k |
| Thomasville National Bank 1.57% of their portfolio | 572.0k $23.1m | Reduced -9.8k |
| Badgley Phelps Wealth Managers, LLC 0.51% of their portfolio | 569.1k $23.0m | Added +13.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 556.8k $22.5m | Added +4.8k |
| Freestone Grove Partners LP 0.17% of their portfolio | 545.6k $22.0m | New |
| EVENTIDE ASSET MANAGEMENT, LLC 0.37% of their portfolio | 521.3k $21.0m | Added +6.3k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 497.6k $20.1m | Added +23.6k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 495.0k $20.0m | Reduced -4.3k |
| Beck Bode, LLC 3.27% of their portfolio | 478.3k $19.3m | Added +38.8k |
| CITIGROUP INC 0.01% of their portfolio | 475.9k $19.2m | Reduced -166.3k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 456.0k $18.4m | Reduced -162.6k |