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 ($129.6m this quarter). Holder counts are more reliable. Shares outstanding: 479.6m as of 2026-07-29, 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 ≈ $47.55. Options: 8 managers hold calls ($22.0m notional), 8 hold puts ($17.5m).
Trends to Q2 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 |
| Q2 2026 | 913 |
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 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 |
| Q2 2026 | 489 | 316 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $170.6m | $77.0m | 0.45 |
| Q4 2025 | $37.5m | $6.1m | 0.16 |
| Q1 2026 | $19.1m | $5.8m | 0.30 |
| Q2 2026 | $22.0m | $17.5m | 0.80 |
Biggest buyers
| BlackRock, Inc. | Added | +3.5m |
| Balyasny Asset Management L.P. | Added | +3.4m |
| CITADEL ADVISORS LLC | Added | +2.9m |
| Qube Research & Technologies Ltd | Added | +2.4m |
| ONTARIO TEACHERS PENSION PLAN BOARD | Added | +1.7m |
| Bridgewater Associates, LP | New | +1.4m |
| Nuveen, LLC | Added | +1.0m |
| PANAGORA ASSET MANAGEMENT INC | New | +958.5k |
| FMR LLC | Added | +945.9k |
| AQR CAPITAL MANAGEMENT LLC | Added | +908.2k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -20.0m |
| UBS Group AG | Reduced | -3.8m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.7m |
| JPMORGAN CHASE & CO | Reduced | -1.6m |
| Capital International, Inc./CA/ | Sold out | -924.1k |
| Zimmer Partners, LP | Reduced | -865.7k |
| Squarepoint Ops LLC | Reduced | -540.7k |
| PFA Pension, Forsikringsaktieselskab | Reduced | -472.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -453.2k |
| TCW GROUP INC | Reduced | -432.0k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $5.4m113.0k shares |
| CITADEL ADVISORS LLC | Added | $5.3m111.7k shares |
| Walleye Trading LLC | Added | $2.8m58.0k shares |
| SIMPLEX TRADING, LLC | Added | $2.7m56.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.7m55.9k shares |
| Walleye Capital LLC | Added | $1.8m38.7k shares |
| IMC-Chicago, LLC | Added | $1.0m21.5k shares |
| GROUP ONE TRADING LLC | Reduced | $370.9k7.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $7.4m154.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.4m51.5k shares |
| Walleye Trading LLC | Added | $2.4m50.4k shares |
| SIMPLEX TRADING, LLC | Added | $2.3m47.6k shares |
| JANE STREET GROUP, LLC | Added | $2.0m42.0k shares |
| Walleye Capital LLC | New | $527.8k11.1k shares |
| IMC-Chicago, LLC | New | $366.1k7.7k shares |
| GROUP ONE TRADING LLC | Reduced | $171.2k3.6k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 3 | $2.3m | — |
| Q3 2026 | 0 | — | 1 | $1.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-14 | BIRMINGHAM MELODY EVP & Grp President, Utilities | Sold | $1.6m37.5k shares |
| 2026-05-22 | Berman Melanie B. EVP Administration & CHRO | Sold | $715.2k15.0k shares |
| 2026-05-21 | Yates Lloyd M Director and President & CEO, director | Sold | $950.1k19.9k shares |
| 2026-05-20 | BIRMINGHAM MELODY EVP & Grp President, Utilities | Sold | $118.6k2.5k shares |
| 2026-05-14 | BIRMINGHAM MELODY EVP & Grp President, Utilities | Sold | $471.9k10.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.04% of their portfolio | 55.0m $2.6bn | Added +3.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 31.4m $1.5bn | Added +208.3k |
| T. Rowe Price Investment Management, Inc. 0.93% of their portfolio | 29.8m $1.4bn | Reduced -20.0m |
| STATE STREET CORP 0.04% of their portfolio | 27.6m $1.3bn | Added +520.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.06% of their portfolio | 27.1m $1.3bn | Added +87.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 12.9m $611.9m | Added +306.9k |
| DEUTSCHE BANK AG\ 0.17% of their portfolio | 12.1m $574.3m | Added +359.6k |
| FMR LLC 0.02% of their portfolio | 10.2m $483.6m | Added +945.9k |
| JENNISON ASSOCIATES LLC 0.26% of their portfolio | 9.2m $439.1m | Added +13.8k |
| Invesco Ltd. 0.03% of their portfolio | 7.8m $370.4m | Reduced -1.5k |
| NORGES BANK 0.04% of their portfolio | 7.8m $370.4m | Not comparable |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 7.0m $335.3m | Reduced -1.6m |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 5.9m $281.8m | Reduced -59.2k |
| MORGAN STANLEY 0.01% of their portfolio | 5.6m $265.5m | Added +102.0k |
| Newport Trust Company, LLC 0.62% of their portfolio | 5.4m $257.5m | Reduced -180.9k |
| Pictet Asset Management Holding SA 0.23% of their portfolio | 5.0m $237.8m | Added +189.5k |
| COHEN & STEERS, INC. 0.37% of their portfolio | 4.9m $235.1m | Added +245.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 4.5m $214.7m | Added +43.1k |
| Soroban Capital Partners LP 1.51% of their portfolio | 4.5m $213.7m | Unchanged |
| NORTHERN TRUST CORP 0.02% of their portfolio | 4.4m $210.3m | Added +168.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 4.4m $208.4m | Added +183.3k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 4.3m $206.7m | Added +455.7k |
| Zimmer Partners, LP 4.81% of their portfolio | 4.3m $203.4m | Reduced -865.7k |
| REAVES W H & CO INC 2.95% of their portfolio | 4.1m $194.4m | Reduced -23.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 4.1m $194.0m | Reduced -453.2k |
| Legal & General Group Plc 0.04% of their portfolio | 3.8m $179.8m | Reduced -92.7k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 3.7m $176.7m | Added +2.9m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.6m $172.5m | Added +540.9k |
| Balyasny Asset Management L.P. 0.30% of their portfolio | 3.5m $164.4m | Added +3.4m |
| Brookfield Corp /ON/ 0.21% of their portfolio | 3.5m $164.1m | Reduced -228.3k |
| BARCLAYS PLC 0.05% of their portfolio | 3.4m $160.7m | Reduced -112.7k |
| ALKEON CAPITAL MANAGEMENT LLC 0.62% of their portfolio | 3.4m $160.0m | Unchanged |
| Nuveen, LLC 0.04% of their portfolio | 3.2m $154.5m | Added +1.0m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.39% of their portfolio | 3.1m $147.3m | Reduced -9.4k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.1m $146.8m | Reduced -42.3k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 2.7m $128.0m | Reduced -2.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.6m $124.0m | Added +49.3k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 2.6m $121.5m | Reduced -222.2k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 2.5m $120.0m | Added +908.2k |
| Qube Research & Technologies Ltd 0.13% of their portfolio | 2.5m $118.7m | Added +2.4m |
| ANTIPODES PARTNERS Ltd 1.89% of their portfolio | 2.2m $102.9m | Added +66.1k |
| UBS Group AG 0.02% of their portfolio | 2.0m $97.3m | Reduced -3.8m |
| MIZUHO MARKETS AMERICAS LLC 1.71% of their portfolio | 2.0m $95.4m | Added +356.3k |
| PFA Pension, Forsikringsaktieselskab 0.23% of their portfolio | 1.9m $91.7m | Reduced -472.0k |
| Thrivent Financial for Lutherans 0.15% of their portfolio | 1.9m $89.5m | Reduced -23.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.9m $88.5m | Reduced -18.8k |
| Amundi 0.02% of their portfolio | 1.8m $85.0m | Added +868.1k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.53% of their portfolio | 1.8m $83.2m | Added +1.7m |
| Yaupon Capital Management LP 2.77% of their portfolio | 1.7m $83.2m | Added +506.9k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 1.7m $80.3m | Reduced -1.7m |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.7m $79.7m | Reduced -38.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio | 1.6m $78.3m | Added +598.5k |
| AVIVA PLC 0.11% of their portfolio | 1.5m $73.0m | Added +10.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.5m $72.2m | Reduced -21.7k |
| TCW GROUP INC 0.48% of their portfolio | 1.5m $71.7m | Reduced -432.0k |
| Bahl & Gaynor LLC 0.33% of their portfolio | 1.5m $71.1m | Added +72.3k |
| TD Asset Management Inc 0.06% of their portfolio | 1.4m $68.7m | Reduced -10.6k |
| Bridgewater Associates, LP 0.28% of their portfolio | 1.4m $67.0m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.4m $64.8m | Added +229.6k |
| Swiss National Bank 0.03% of their portfolio | 1.4m $64.3m | Reduced -48.4k |
| Epoch Investment Partners, Inc. 0.35% of their portfolio | 1.3m $62.2m | Added +190.1k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.23% of their portfolio | 1.3m $61.8m | Added +11.4k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 1.3m $61.0m | Added +418.0k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.3m $60.5m | Reduced -164.3k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.74% of their portfolio | 1.2m $55.1m | Added +14.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 1.2m $55.1m | Added +53.5k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.1m $54.0m | Added +103.2k |
| NewEdge Advisors, LLC 0.15% of their portfolio | 1.1m $50.9m | Added +140.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 1.0m $49.7m | Added +116.3k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 1.0m $49.0m | Reduced -13.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 1.0m $48.9m | Reduced -6.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 1.0m $48.0m | Added +16.4k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.48% of their portfolio | 992.1k $47.2m | Added +295.9k |
| First Financial Bankshares Inc 0.88% of their portfolio | 991.6k $47.2m | Reduced -8.8k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 987.1k $46.9m | Reduced -639 |
| PANAGORA ASSET MANAGEMENT INC 0.14% of their portfolio | 958.5k $45.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 926.1k $44.0m | Added +64.5k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 900.7k $42.8m | Added +630.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio | 877.3k $41.7m | Reduced -252.7k |
| Retirement Systems of Alabama 0.12% of their portfolio | 864.0k $41.1m | Reduced -905 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 858.6k $40.8m | Reduced -355.3k |
| California Public Employees Retirement System 0.02% of their portfolio | 856.4k $40.7m | Reduced -166.1k |
| HITE Hedge Asset Management LLC 2.19% of their portfolio | 839.9k $39.9m | Reduced -37.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 822.4k $39.1m | Reduced -137.3k |
| Employees Retirement System of Texas 0.31% of their portfolio | 819.0k $38.9m | Reduced -13.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.06% of their portfolio | 807.4k $38.4m | Reduced -86.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 806.4k $38.3m | Added +250.6k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 771.2k $36.7m | Reduced -35.9k |
| EXCHANGE TRADED CONCEPTS, LLC 0.18% of their portfolio | 764.8k $36.4m | Reduced -13.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.18% of their portfolio | 761.8k $36.2m | Reduced -85.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 747.3k $35.5m | Added +738.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 743.2k $35.3m | Added +422.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 724.2k $34.4m | Added +13.4k |
| Rockefeller Capital Management L.P. 0.05% of their portfolio | 706.9k $33.6m | Added +19.4k |
| AE Wealth Management LLC 0.16% of their portfolio | 703.0k $33.4m | Added +438.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 661.5k $30.9m | Added +77.6k |
| Artemis Investment Management LLP 0.28% of their portfolio | 650.6k $30.9m | Reduced -329.2k |
| CITIGROUP INC 0.01% of their portfolio | 624.1k $29.7m | Added +29.3k |
| Badgley Phelps Wealth Managers, LLC 0.52% of their portfolio | 623.0k $29.6m | Reduced -3.1k |
| Waratah Capital Advisors Ltd. 2.25% of their portfolio | 616.8k $29.3m | Added +240.4k |