NiSource Inc: shareholders and insiders

NINYSEUtilities · Electric & Other Services Combined

Price

$46.05

November 13, 2026Market cap $22.0B

What Ploutos Investor adds for NiSource

Part of Ploutos Investor, €9.99 a month

See the plans
  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Insiders and their shares

Purchases and sales by officers and directors from Nov 15, 2025 to Nov 9, 2026, from their own Form 4 filings.

8 Form 4s

Bought on the market

–

nobody

Sold on the market

$7.2M

7 people

From Nov 15, 2025 to Nov 15, 2026, the days the chart shows. Change its range and the figures follow.

How the sales were made, as a share of their value

  • Under a set plan16%
  • The rest84%

By year

Insiders' open-market purchases (up) and sales (down), by value, since Nov 15, 2025, on a log scale: each gridline is ten times the last. From the SEC's quarterly data sets of Form 4 filings.

2026·no buys·sold $6.9M by 6 people

  • 2025: no buys, sold $345.0K by 1 person
  • 2026: no buys, sold $6.9M by 6 people
  • Nov 5, 2026Shawn AndersonEVP & CFO
    Kind10b5-1
  • Oct 30, 2026Shawn AndersonEVP & CFO
    Kind10b5-1
  • Oct 30, 2026William Jefferson Jr.EVP, Chief Op & Safety Officer
    Kind
  • Aug 14, 2026Melody BirminghamEVP & Grp President, Utilities
    Kind
  • Jul 13, 2026Michael E JesanisDirector
    Kind
  • May 22, 2026Melanie B. BermanEVP Administration & CHRO
    Kind
  • May 21, 2026Lloyd M YatesDirector and President & CEO
    Kind
  • May 20, 2026Melody BirminghamEVP & Grp President, Utilities
    Kind
  • May 14, 2026Melody BirminghamEVP & Grp President, Utilities
    Kind
  • Feb 18, 2026Gunnar GodeSVP Chief Accting&Tax Officer
    Kind
  • Feb 13, 2026Shawn AndersonEVP & CFO
    Kind10b5-1

From the Form 4s insiders file with the SEC within two business days of each trade. Before May 21, 2026 the table lists open-market purchases and sales only (no grants, option exercises or tax withholding), from the SEC's quarterly data sets. The 10b5-1 mark comes from the form's own box (since April 2023) or from a footnote of the filing that names the plan, where there is one.

Insiders and their shares

Every buy and sale by NI's officers and directors from 2006 up to November 14, 2025, 20 more calendar years

Part of Ploutos Investor, €9.99 a month

See the plans

Sign in with a free account to see the last 3 years.

Major holders (over 5%)

Whoever comes to own more than 5% of a class of shares reports it to the SEC on Schedule 13D or 13G. Here is each holder's latest filing.

4 Holders over 5%Aug 14, 2026 Latest filing
  • Vanguard Capital Management
    Share of class7.55%
  • T. Rowe Price Investment Management, Inc.
    Share of class6.20%
  • Vanguard Portfolio Management
    Share of class5.64%
  • State Street
    Share of class5.00%
Fell to 5% or less (1)

Holders whose latest filing says they hold 5% or less. After it they need not file again, so what they hold today is not known.

  • The Vanguard Group0.00%Mar 27, 202613G/A

From the Schedule 13D and 13G filed with the SEC since Dec 18, 2024, when they became structured data. A holder who has filed nothing since then is not shown here. A 13D is updated within two business days of any material change, a 13G up to 45 days after the quarter of the change, so the shares are those of the filing. The large managers also appear in the 13Fs.

Well-known managers

Which of the about 30 investment managers we track held the shares at the quarter end, and what they changed from the quarter before.

Sep 30, 2026 quarter end
  • Bridgewater (Dalio)
    In the quarter
  • Citadel Advisors (Griffin)
    In the quarter+361%
  • Renaissance Technologies
    In the quarter+25%
  • AQR Capital
    In the quarter+56%
  • Millennium Mgmt (Englander)
    In the quarter
  • D.E. Shaw
    In the quarter-11%

From the 13Fs managers file with the SEC up to 45 days after each quarter end. They show only long positions on that day, not short sales or what has changed since. No recent 13F: Pershing Square (Ackman), Scion (Burry).

Short interest

How many of the company's shares have been sold borrowed and not yet bought back, twice a month.

On Oct 15, 2026, 3.33% of its shares outstanding were held short, -4.8% since the report before.

Shares held short
15.94M
3.33%
Since the report before16.74M on Sep 30, 2026
-4.8%
3.5
4.56M
More days to cover thanof 4,578 US-listed companies with enough volume
41%
Report date
Oct 15, 2026
  • Oct 31, 2023: Shares held short 15.27M
  • Nov 15, 2023: Shares held short 14.78M
  • Nov 30, 2023: Shares held short 11.16M
  • Dec 15, 2023: Shares held short 5.26M
  • Dec 29, 2023: Shares held short 5.47M
  • Jan 12, 2024: Shares held short 5.21M
  • Jan 31, 2024: Shares held short 5.03M
  • Feb 15, 2024: Shares held short 5.39M
  • Feb 29, 2024: Shares held short 5.65M
  • Mar 15, 2024: Shares held short 5.84M
  • Mar 28, 2024: Shares held short 6.07M
  • Apr 15, 2024: Shares held short 7.38M
  • Apr 30, 2024: Shares held short 7.64M
  • May 15, 2024: Shares held short 5.68M
  • May 31, 2024: Shares held short 15.24M
  • Jun 14, 2024: Shares held short 14.81M
  • Jun 28, 2024: Shares held short 17.71M
  • Jul 15, 2024: Shares held short 18.03M
  • Jul 31, 2024: Shares held short 16.52M
  • Aug 15, 2024: Shares held short 16.34M
  • Aug 30, 2024: Shares held short 14.50M
  • Sep 13, 2024: Shares held short 8.22M
  • Sep 30, 2024: Shares held short 7.18M
  • Oct 15, 2024: Shares held short 6.69M
  • Oct 31, 2024: Shares held short 6.55M
  • Nov 15, 2024: Shares held short 6.89M
  • Nov 29, 2024: Shares held short 8.17M
  • Dec 13, 2024: Shares held short 8.78M
  • Dec 31, 2024: Shares held short 10.14M
  • Jan 15, 2025: Shares held short 9.16M
  • Jan 31, 2025: Shares held short 8.13M
  • Feb 14, 2025: Shares held short 8.99M
  • Feb 28, 2025: Shares held short 9.35M
  • Mar 14, 2025: Shares held short 8.69M
  • Mar 31, 2025: Shares held short 9.56M
  • Apr 15, 2025: Shares held short 12.00M
  • Apr 30, 2025: Shares held short 11.11M
  • May 15, 2025: Shares held short 12.24M
  • May 30, 2025: Shares held short 10.82M
  • Jun 13, 2025: Shares held short 12.09M
  • Jun 30, 2025: Shares held short 12.65M
  • Jul 15, 2025: Shares held short 11.36M
  • Jul 31, 2025: Shares held short 11.91M
  • Aug 15, 2025: Shares held short 12.71M
  • Aug 29, 2025: Shares held short 10.93M
  • Sep 15, 2025: Shares held short 10.57M
  • Sep 30, 2025: Shares held short 10.65M
  • Oct 15, 2025: Shares held short 10.36M
  • Oct 31, 2025: Shares held short 11.47M
  • Nov 14, 2025: Shares held short 11.46M
  • Nov 28, 2025: Shares held short 11.79M
  • Dec 15, 2025: Shares held short 10.94M
  • Dec 31, 2025: Shares held short 9.66M
  • Jan 15, 2026: Shares held short 10.81M
  • Jan 30, 2026: Shares held short 8.65M
  • Feb 13, 2026: Shares held short 8.59M
  • Feb 27, 2026: Shares held short 11.37M
  • Mar 13, 2026: Shares held short 12.17M
  • Mar 31, 2026: Shares held short 12.44M
  • Apr 15, 2026: Shares held short 11.06M
  • Apr 30, 2026: Shares held short 10.62M
  • May 15, 2026: Shares held short 11.75M
  • May 29, 2026: Shares held short 10.87M
  • Jun 15, 2026: Shares held short 10.83M
  • Jun 30, 2026: Shares held short 12.84M
  • Jul 15, 2026: Shares held short 11.55M
  • Jul 31, 2026: Shares held short 13.35M
  • Aug 14, 2026: Shares held short 13.39M
  • Aug 31, 2026: Shares held short 14.65M
  • Sep 15, 2026: Shares held short 14.72M
  • Sep 30, 2026: Shares held short 16.74M
  • Oct 15, 2026: Shares held short 15.94M

As brokers report them to the regulator twice a month, mid-month and at month end, published about eight business days later. A short position is shares sold borrowed and not yet bought back. The share count is the one the company's market value is figured on, from its filings. Days to cover is the shares held short over the average daily volume of the weeks between two reports.

Short sales in daily trading62.6% of the shares in the last 14 sessions' reported trades were short sales.

In the last 14 sessions, 62.6% of the shares in the reported trades were short sales, against 51.1% in the 14 before.

Last 14 sessionsOct 27, 2026 – Nov 13, 2026
62.6%
The 14 beforeOct 7, 2026 – Oct 26, 2026
51.1%
Change
+11.5 pts
Short sales a dayon average, of 1.64M shares
1.03M
More than atof 3,649 US-listed companies, same days
88%
Median of alleight in ten from 34.6% to 63.4%
50.1%
  • Oct 7, 2026: Short sales 63.2%
  • Oct 8, 2026: Short sales 61.1%
  • Oct 9, 2026: Short sales 53.3%
  • Oct 12, 2026: Short sales 61.1%
  • Oct 13, 2026: Short sales 57.5%
  • Oct 14, 2026: Short sales 38.1%
  • Oct 15, 2026: Short sales 45.1%
  • Oct 16, 2026: Short sales 61.8%
  • Oct 19, 2026: Short sales 59.1%
  • Oct 20, 2026: Short sales 45.6%
  • Oct 21, 2026: Short sales 51.1%
  • Oct 22, 2026: Short sales 40.4%
  • Oct 23, 2026: Short sales 48.9%
  • Oct 26, 2026: Short sales 36.3%
  • Oct 27, 2026: Short sales 44.2%
  • Oct 28, 2026: Short sales 68.4%
  • Oct 29, 2026: Short sales 65.7%
  • Oct 30, 2026: Short sales 72.3%
  • Nov 2, 2026: Short sales 68%
  • Nov 3, 2026: Short sales 69.2%
  • Nov 4, 2026: Short sales 62.8%
  • Nov 5, 2026: Short sales 46.6%
  • Nov 6, 2026: Short sales 65.2%
  • Nov 9, 2026: Short sales 51.2%
  • Nov 10, 2026: Short sales 56.7%
  • Nov 11, 2026: Short sales 78.1%
  • Nov 12, 2026: Short sales 68.6%
  • Nov 13, 2026: Short sales 56.2%

This is not the number of shares sold short today: it measures short sales within each day's trading, and only trades made off the exchanges. Much of it is market makers, who sell shares they do not have to fill buyers' orders and cover soon after, so for a heavily traded stock the share is often around half.

What the insiders hold

The shares each insider reports holding after their latest trade (Form 4), for those who traded on the market in the last three years.

1.24M Insiders' shares0.26% Of the company
  • Lloyd M YatesDirector and President & CEO
    Directly519.6K
  • Donald Eugene BrownEVP & Chief Innovation Officer
    Directly195.9K
  • Shawn AndersonEVP & CFO
    Directly154.4K
  • Melody BirminghamEVP & Grp President, Utilities
    Directly78.5K
  • Melody BirminghamEVP & President NI Utilities
    Directly78.5K
  • William Jefferson Jr.EVP, Chief Op & Safety Officer
    Directly58.4K
  • Michael E JesanisDirector
    Directly52.7K
  • Kimberly S CucciaEVP, GC & Corporate Secretary
    Directly41.2K
  • Melanie B. BermanEVP Administration & CHRO
    Directly36.0K
  • Gunnar GodeSVP Chief Accting&Tax Officer
    Directly29.3K

A lower bound: it counts only the 10 officers and directors with a market trade since Nov 16, 2023. Anyone who neither bought nor sold since is not here, whatever they hold. The share is against the share count on the latest 10-K's cover.

10b5-1 trading plans

Since 2023 every 10-Q and 10-K says which insiders adopted or ended a trading plan (Rule 10b5-1) in the quarter: when, for how many shares, until when. A plan explains the sales that follow months before they show up on Form 4.

0 Adopted in the last 12 months15 Filings read
  • Shawn AndersonExecutive Vice President, Chief Financial Officer
    What happenedAdoptedNov 10, 2025
    Shares12.5K
  • Shawn AndersonExecutive Vice President, Chief Financial Officer
    What happenedAdoptedMay 30, 2025
    Shares11.1K
  • Michael JesanisDirector
    What happenedAdoptedNov 11, 2024
    Shares10.1K
  • Shawn AndersonExecutive Vice President, Chief Financial Officer
    What happenedAdoptedNov 1, 2024
    Shares12.9K

As the company states them in Item 9B of the 10-K and Part II, Item 5 of the 10-Q, with structured data. A plan allows sales on preset dates and prices. It does not say whether all of them will be executed.

Executive pay

From the Pay versus Performance table every company puts in its proxy statement since 2023: what the chief executive was paid, what was actually paid once the shares vest at year-end values, and how the stock did against the peer group the company itself picked.

2025 Latest year6 Years on record

$0

Actually paid: $0

$13M

Actually paid: $26M

$3.7M

Actually paid: $6.2M

$216

Peers: $159

Adjusted EPS

From the proxy statement (DEF 14A) of Mar 30, 2026, as filed with the SEC with structured data. Pay in dollars. The company picks its own peer group and measure. DEF 14A

The shareholders' vote on pay

The advisory say-on-pay vote at each annual meeting, as the company states it in the 8-K it files after the meeting: how many voted for and against the executives' pay. 90% is the norm. Under 70% proxy advisers expect the board to respond the next year.

95.1% For in 20266 Votes on record
  • 2026May 12, 2026
    For
    95.1%
  • 2025May 13, 2025
    For
    96.5%
  • 2024May 13, 2024
    For
    96.7%
  • 2023May 24, 2023
    For
    94.3%
  • 2022May 25, 2022
    For
    94.9%
  • 2021May 26, 2021
    For
    96.9%

From the 8-K (item 5.07) the company files after each annual meeting since 2021, read from the filing's text without a model. A company that votes every three years has empty years. The vote is advisory: the board is not bound by it.

The ETFs that hold it

Which of the 269 US equity ETFs we track hold the stock, and at what weight, from the funds' N-PORT filings.

45 ETFs holding it1.61% The largest weight (XLU)
  • XLUState Street(R) Utilities Select Sector SPDR(R) ETF
    Weight in the fund1.61%
  • VPUVanguard Utilities Index Fund
    Weight in the fund1.34%
  • SPLVInvesco S&P 500 Low Volatility ETF
    Weight in the fund1.08%
  • DVYiShares Select Dividend ETF
    Weight in the fund0.80%
  • ESGUiShares ESG Aware MSCI USA ETF
    Weight in the fund0.30%
  • HDViShares Core High Dividend ETF
    Weight in the fund0.25%
  • VBRVanguard Small-Cap Value Index Fund
    Weight in the fund0.24%
  • IWSiShares Russell Mid-Cap Value ETF
    Weight in the fund0.22%
  • VOEVanguard Mid-Cap Value Index Fund
    Weight in the fund0.20%
  • RSPInvesco S&P 500 Equal Weight ETF
    Weight in the fund0.18%

45 of the 269 ETFs we track, not of every ETF on the market. The ten largest weights. Positions as each fund filed them in its latest N-PORT.

Institutional investors by quarter

Every manager that reports positions to the SEC (Form 13F), quarter by quarter: how many hold the stock, how many shares and dollars between them, and who entered, left, added or trimmed during the quarter.

913 Managers, Q2 2026$22.0B Value of their positions
  • Q3 2025: Managers 786
  • Q4 2025: Managers 836
  • Q1 2026: Managers 889
  • Q2 2026: Managers 913

Institutional investors by quarter

The fund managers holding NI, quarter by quarter, from Q1 2013 to Q2 2025, 50 more quarters

Part of Ploutos Investor, €9.99 a month

See the plans

Sign in with a free account to see the last 12 quarters.

Q2 2026: 913 managers held 462M shares, worth $22.0B. During the quarter 103 opened a position, 79 closed one, 390 added and 240 trimmed.

The largest holders, Q2 2026

  • BlackRock
    In the quarter+6.8%
  • Vanguard Capital Management
    In the quarter+0.7%
  • T. Rowe Price Investment Management
    In the quarter-40%
  • State Street
    In the quarter+1.9%
  • Vanguard Portfolio Management
    In the quarter+0.3%
  • Geode Capital Management
    In the quarter+2.4%
  • Deutsche Bank Ag\
    In the quarter+3.1%
  • FMR
    In the quarter+10%
  • Jennison Associates
    In the quarter+0.1%
  • Invesco
    In the quarter

From the SEC's Form 13F data sets, Q3 2025 to Q2 2026: the long positions of every manager with more than $100 million under management, as filed up to 45 days after each quarter end. Short positions and options are not in them. Shares as reported each quarter, not adjusted for splits. The stock is matched by its CUSIP, through the SEC's fails-to-deliver files.

The full analysis

What do NiSource's filings show?

Who buys and sells is one part of NiSource's picture. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about NI's shareholders

Didn't find what you were looking for?

Ask us
Have NI's insiders bought or sold?

From May 21, 2026 to Nov 9, 2026 NiSource's insiders bought 0 and sold $6.2M of shares on the market. 9% of the sales were under set 10b5-1 plans.

Which well-known managers hold NI?

6 of the managers we track held the shares on Sep 30, 2026. The largest position was Citadel Advisors (Griffin)'s, worth $177M.

Is every insider transaction a purchase or a sale?

No. Many are part of their pay: share awards, option exercises and shares the company keeps for the tax. Only code P is a purchase with their own money, and code S a sale on the market.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.