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 ($65.8m this quarter). Holder counts are more reliable. Shares outstanding: 479.4m as of 2026-04-29, 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 ≈ $46.64. Options: 9 managers hold calls ($19.1m notional), 6 hold puts ($5.8m).
Trends to Q1 2026
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 |
| Q3 2025 | 785 |
| Q4 2025 | 835 |
| Q1 2026 | 883 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 316 | 257 |
| Q3 2024 | 330 | 285 |
| Q4 2024 | 355 | 287 |
| Q1 2025 | 415 | 297 |
| Q2 2025 | 391 | 336 |
| Q3 2025 | 363 | 345 |
| Q4 2025 | 388 | 315 |
| Q1 2026 | 452 | 323 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $9.8m | $16.0m | 1.64 |
| Q3 2025 | $170.6m | $77.0m | 0.45 |
| Q4 2025 | $37.5m | $6.1m | 0.16 |
| Q1 2026 | $19.1m | $5.8m | 0.30 |
Biggest buyers
| Brookfield Corp /ON/ | Added | +2.2m |
| BARCLAYS PLC | Added | +2.0m |
| MIZUHO MARKETS AMERICAS LLC | New | +1.7m |
| BANK OF MONTREAL /CAN/ | Added | +1.6m |
| DEUTSCHE BANK AG\ | Added | +1.4m |
| Zimmer Partners, LP | Added | +1.3m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| UBS Group AG | Added | +998.5k |
| NewEdge Advisors, LLC | Added | +823.4k |
| MORGAN STANLEY | Added | +598.5k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -38.5m |
| Capital International Investors | Reduced | -7.9m |
| CITADEL ADVISORS LLC | Reduced | -1.7m |
| REAVES W H & CO INC | Reduced | -1.3m |
| D1 Capital Partners L.P. | Sold out | -1.2m |
| Soroban Capital Partners LP | Reduced | -894.4k |
| FIRST TRUST ADVISORS LP | Reduced | -699.9k |
| HSBC HOLDINGS PLC | Reduced | -678.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Reduced | -636.2k |
| Pictet Asset Management Holding SA | Reduced | -602.9k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $6.7m143.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.5m74.8k shares |
| Jefferies Financial Group Inc. | New | $2.3m49.6k shares |
| CITADEL ADVISORS LLC | New | $2.2m47.9k shares |
| GROUP ONE TRADING LLC | Added | $2.0m42.1k shares |
| Walleye Capital LLC | New | $863.2k18.5k shares |
| Walleye Trading LLC | Unchanged | $732.6k15.7k shares |
| IMC-Chicago, LLC | New | $709.2k15.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $88.7k1.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.3m48.6k shares |
| CITADEL ADVISORS LLC | Reduced | $1.7m37.3k shares |
| Walleye Trading LLC | Reduced | $695.2k14.9k shares |
| GROUP ONE TRADING LLC | Added | $452.6k9.7k shares |
| SIMPLEX TRADING, LLC | Added | $317.3k6.8k shares |
| JANE STREET GROUP, LLC | New | $289.3k6.2k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 1 | $470.5k | $470.5k |
| Q4 2025 | 0 | — | 1 | $345.0k | — |
| Q1 2026 | 0 | — | 2 | $662.7k | $562.6k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-18 | Gode Gunnar SVP Chief Accting&Tax Officer | Sold | $100.0k2.2k shares |
| 2026-02-13 | Anderson Shawn EVP & CFO | Sold plan | $562.6k12.5k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.04% of their portfolio | 51.5m $2.4bn | Reduced -95.7k |
| T. Rowe Price Investment Management, Inc. 1.60% of their portfolio | 49.8m $2.3bn | Reduced -38.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 31.1m $1.5bn | First filing |
| STATE STREET CORP 0.04% of their portfolio | 27.1m $1.3bn | Added +367.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.07% of their portfolio | 27.0m $1.3bn | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 12.6m $586.3m | Added +153.8k |
| DEUTSCHE BANK AG\ 0.18% of their portfolio | 11.7m $546.8m | Added +1.4m |
| FMR LLC 0.02% of their portfolio | 9.2m $430.4m | Added +85.5k |
| JENNISON ASSOCIATES LLC 0.30% of their portfolio | 9.2m $430.3m | Reduced -208.2k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 8.6m $398.2m | Added +1.1m |
| Invesco Ltd. 0.04% of their portfolio | 7.8m $363.6m | Added +5.3k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 6.0m $279.3m | Reduced -132.2k |
| UBS Group AG 0.05% of their portfolio | 5.9m $274.1m | Added +998.5k |
| Newport Trust Company, LLC 0.64% of their portfolio | 5.6m $261.2m | Reduced -103.5k |
| MORGAN STANLEY 0.02% of their portfolio | 5.5m $255.8m | Added +598.5k |
| Zimmer Partners, LP 5.89% of their portfolio | 5.1m $240.0m | Added +1.3m |
| Pictet Asset Management Holding SA 0.24% of their portfolio | 4.8m $224.5m | Reduced -602.9k |
| COHEN & STEERS, INC. 0.38% of their portfolio | 4.7m $219.2m | Added +93.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 4.5m $211.5m | Added +295.8k |
| Soroban Capital Partners LP 1.50% of their portfolio | 4.5m $209.7m | Reduced -894.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.5m $208.7m | Added +128.5k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 4.3m $198.5m | Reduced -18.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 4.2m $195.9m | Added +152.4k |
| REAVES W H & CO INC 3.18% of their portfolio | 4.1m $191.9m | Reduced -1.3m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 3.9m $181.5m | Added +359.5k |
| Legal & General Group Plc 0.04% of their portfolio | 3.9m $180.8m | Reduced -61.1k |
| Brookfield Corp /ON/ 0.23% of their portfolio | 3.7m $171.7m | Added +2.2m |
| BARCLAYS PLC 0.06% of their portfolio | 3.5m $162.9m | Added +2.0m |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 3.4m $158.3m | Added +1.6m |
| ALKEON CAPITAL MANAGEMENT LLC 0.71% of their portfolio | 3.4m $157.0m | Added +135.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 3.1m $146.0m | Reduced -118.2k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.51% of their portfolio | 3.1m $145.0m | Added +34 |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.1m $144.0m | Reduced -505.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 2.8m $129.5m | Reduced -223.6k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 2.7m $125.8m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.6m $119.4m | Added +106.4k |
| PFA Pension, Forsikringsaktieselskab 0.34% of their portfolio | 2.4m $112.0m | Reduced -1.1k |
| Nuveen, LLC 0.03% of their portfolio | 2.2m $103.6m | Added +14.9k |
| ANTIPODES PARTNERS Ltd 1.88% of their portfolio | 2.1m $97.9m | Added +14.8k |
| TCW GROUP INC 0.68% of their portfolio | 1.9m $90.5m | Added +103.4k |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 1.9m $88.9m | Reduced -180.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.9m $87.7m | Reduced -667 |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.7m $80.0m | Reduced -81.9k |
| MIZUHO MARKETS AMERICAS LLC 2.14% of their portfolio | 1.7m $77.0m | New |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 1.6m $75.1m | Added +276.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.5m $71.8m | Reduced -1.8k |
| AVIVA PLC 0.12% of their portfolio | 1.5m $71.2m | Added +40.0k |
| TD Asset Management Inc 0.06% of their portfolio | 1.5m $67.9m | Reduced -25.6k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.4m $67.1m | Reduced -699.9k |
| Bahl & Gaynor LLC 0.33% of their portfolio | 1.4m $66.4m | Added +75.3k |
| Swiss National Bank 0.04% of their portfolio | 1.4m $65.3m | Added +110.2k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.27% of their portfolio | 1.3m $60.1m | Reduced -2.1k |
| Yaupon Capital Management LP 2.86% of their portfolio | 1.2m $58.0m | Added +50.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 1.2m $56.6m | Reduced -239.2k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.88% of their portfolio | 1.1m $53.3m | Added +10.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.1m $52.8m | Added +240.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.08% of their portfolio | 1.1m $52.7m | Reduced -205.9k |
| Epoch Investment Partners, Inc. 0.32% of their portfolio | 1.1m $52.2m | Reduced -46.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 1.1m $51.5m | Added +86.8k |
| Vanguard Global Advisers, LLC 0.03% of their portfolio | 1.0m $48.7m | First filing |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 1.0m $48.3m | Reduced -2.0k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.0m $48.1m | Added +168.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 1.0m $47.7m | Added +440.9k |
| California Public Employees Retirement System 0.03% of their portfolio | 1.0m $47.7m | Reduced -171.3k |
| First Financial Bankshares Inc 0.94% of their portfolio | 1.0m $46.7m | Reduced -8.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 992.5k $46.3m | Reduced -61.6k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 987.8k $46.1m | Reduced -12.4k |
| Artemis Investment Management LLP 0.48% of their portfolio | 979.8k $45.7m | Added +501.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 959.6k $44.8m | Added +159.0k |
| NewEdge Advisors, LLC 0.16% of their portfolio | 930.0k $43.4m | Added +823.4k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.04% of their portfolio | 929.8k $43.4m | First filing |
| Capital International, Inc./CA/ 0.33% of their portfolio | 924.1k $43.1m | Added +12.4k |
| Amundi 0.01% of their portfolio | 920.3k $42.9m | Reduced -176.8k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.07% of their portfolio | 894.2k $41.7m | Reduced -636.2k |
| HITE Hedge Asset Management LLC 2.31% of their portfolio | 877.4k $40.9m | Reduced -543.4k |
| Retirement Systems of Alabama 0.13% of their portfolio | 864.9k $40.4m | Added +108 |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 864.7k $40.3m | Added +358.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 861.6k $40.2m | Added +6.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.20% of their portfolio | 846.9k $39.5m | Reduced -49.4k |
| Employees Retirement System of Texas 0.34% of their portfolio | 832.9k $38.9m | Reduced -44.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 807.2k $37.7m | Reduced -678.3k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 806.4k $37.6m | Reduced -1.7m |
| EXCHANGE TRADED CONCEPTS, LLC 0.28% of their portfolio | 778.3k $36.3m | Added +96.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 710.8k $33.2m | Reduced -247.8k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.34% of their portfolio | 696.2k $32.5m | Reduced -5.0k |
| Rockefeller Capital Management L.P. 0.06% of their portfolio | 687.5k $32.1m | Reduced -3.7k |
| BANK OF NOVA SCOTIA 0.05% of their portfolio | 673.5k $31.4m | Added +477.2k |
| CWM, LLC 0.08% of their portfolio | 642.7k $30.0m | Reduced -30.0k |
| Badgley Phelps Wealth Managers, LLC 0.58% of their portfolio | 626.1k $29.2m | Added +33.1k |
| CITIGROUP INC 0.02% of their portfolio | 594.7k $27.8m | Added +90.6k |
| Squarepoint Ops LLC 0.06% of their portfolio | 587.1k $27.4m | Added +217.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 584.0k $24.4m | Reduced -205.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 574.4k $26.8m | Added +85.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 565.9k $26.4m | Added +4.3k |
| STRS OHIO 0.10% of their portfolio | 557.6k $26.0m | Reduced -16.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 555.8k $25.9m | Added +65.2k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 551.2k $25.8m | Added +18.0k |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 537.0k $25.2m | Reduced -18.3k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 503.7k $23.5m | Added +7.2k |
| Magellan Asset Management Ltd 0.30% of their portfolio | 497.6k $23.2m | Added +98.5k |