
NiSource Inc: shareholders and insiders
Price
$46.05
November 13, 2026Market cap $22.0B
What Ploutos Investor adds for NiSource
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- 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.
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 & CFOKind10b5-1
- Oct 30, 2026Shawn AndersonEVP & CFOKind10b5-1
- Oct 30, 2026William Jefferson Jr.EVP, Chief Op & Safety OfficerKind
- Aug 14, 2026Melody BirminghamEVP & Grp President, UtilitiesKind
- Jul 13, 2026Michael E JesanisDirectorKind
- May 22, 2026Melanie B. BermanEVP Administration & CHROKind
- May 21, 2026Lloyd M YatesDirector and President & CEOKind
- May 20, 2026Melody BirminghamEVP & Grp President, UtilitiesKind
- May 14, 2026Melody BirminghamEVP & Grp President, UtilitiesKind
- Feb 18, 2026Gunnar GodeSVP Chief Accting&Tax OfficerKind
- Feb 13, 2026Shawn AndersonEVP & CFOKind10b5-1
| Date | Person | Kind | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 5, 2026 | Shawn AndersonEVP & CFO | 10b5-1 | 6,500 | $45.58 | $296.3K | Form 4 |
| Oct 30, 2026 | Shawn AndersonEVP & CFO | 10b5-1 | 6,500 | $45.00 | $292.5K | Form 4 |
| Oct 30, 2026 | William Jefferson Jr.EVP, Chief Op & Safety Officer | 40.0K | $44.56 | $1.8M | Form 4 | |
| Aug 14, 2026 | Melody BirminghamEVP & Grp President, Utilities | 37.5K | $42.40 | $1.6M | Form 4 | |
| Jul 13, 2026 | Michael E JesanisDirector | 30.2K | – | – | Form 4 | |
| May 22, 2026 | Melanie B. BermanEVP Administration & CHRO | 15.0K | $47.68 | $715.2K | Form 4 | |
| May 21, 2026 | Lloyd M YatesDirector and President & CEO | 19.9K | $47.73 | $950.1K | Form 4 | |
| May 20, 2026 | Melody BirminghamEVP & Grp President, Utilities | 2,500 | $47.43 | $118.6K | Form 4 | |
| May 14, 2026 | Melody BirminghamEVP & Grp President, Utilities | 10.0K | $47.19 | $471.9K | Form 4 | |
| Feb 18, 2026 | Gunnar GodeSVP Chief Accting&Tax Officer | 2,175 | $46.00 | $100.1K | Form 4 | |
| Feb 13, 2026 | Shawn AndersonEVP & CFO | 10b5-1 | 12.5K | $45.01 | $562.6K | Form 4 |
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
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Sign in with a free account to see the last 3 years.
and 15 more, back to 2006
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.
- Vanguard Capital ManagementShare of class7.55%
- T. Rowe Price Investment Management, Inc.Share of class6.20%
- Vanguard Portfolio ManagementShare of class5.64%
- State StreetShare of class5.00%
| Holder | Kind of stake | Share of class | Shares | Filed | Filing |
|---|---|---|---|---|---|
| Vanguard Capital Management | 7.55% | 36.22M | Apr 30, 2026 | 13G | |
| T. Rowe Price Investment Management, Inc. | 6.20% | 29.89M | Aug 14, 20264 filings since May 14, 2025 | 13G/A | |
| Vanguard Portfolio Management | 5.64% | 27.04M | Apr 29, 2026 | 13G | |
| State Street | 5.00% | 23.76M | May 13, 20252 filings since Feb 4, 2025 | 13G |
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.
- Bridgewater (Dalio)In the quarter
- Citadel Advisors (Griffin)In the quarter+361%
- Renaissance TechnologiesIn the quarter+25%
- AQR CapitalIn the quarter+56%
- Millennium Mgmt (Englander)In the quarter
- D.E. ShawIn the quarter-11%
| Manager | Shares | In the quarter | Value | % of their portfolio |
|---|---|---|---|---|
| Bridgewater (Dalio) | 1.41M | $67M | 0.28% | |
| Citadel Advisors (Griffin) | 3.72M | +361% | $177M | 0.10% |
| Renaissance Technologies | 934.0K | +25% | $36M | 0.05% |
| AQR Capital | 2.52M | +56% | $120M | 0.04% |
| Millennium Mgmt (Englander) | – | – | 0.01% | |
| D.E. Shaw | 142.9K | -11% | $6.8M | 0.00% |
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
- Shares held short
- 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%
- Short sales
- 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.
- Lloyd M YatesDirector and President & CEODirectly519.6K
- Donald Eugene BrownEVP & Chief Innovation OfficerDirectly195.9K
- Shawn AndersonEVP & CFODirectly154.4K
- Melody BirminghamEVP & Grp President, UtilitiesDirectly78.5K
- Melody BirminghamEVP & President NI UtilitiesDirectly78.5K
- William Jefferson Jr.EVP, Chief Op & Safety OfficerDirectly58.4K
- Michael E JesanisDirectorDirectly52.7K
- Kimberly S CucciaEVP, GC & Corporate SecretaryDirectly41.2K
- Melanie B. BermanEVP Administration & CHRODirectly36.0K
- Gunnar GodeSVP Chief Accting&Tax OfficerDirectly29.3K
| Person | Directly | Indirectly | After the trade of | Filing |
|---|---|---|---|---|
| Lloyd M YatesDirector and President & CEO | 519.6K | – | May 21, 2026 | Form 4 |
| Donald Eugene BrownEVP & Chief Innovation Officer | 195.9K | – | Mar 6, 2024 | Form 4 |
| Shawn AndersonEVP & CFO | 154.4K | – | Nov 5, 2026 | Form 4 |
| Melody BirminghamEVP & Grp President, Utilities | 78.5K | – | Aug 14, 2026 | Form 4 |
| Melody BirminghamEVP & President NI Utilities | 78.5K | – | Aug 14, 2026 | Form 4 |
| William Jefferson Jr.EVP, Chief Op & Safety Officer | 58.4K | – | Oct 30, 2026 | Form 4 |
| Michael E JesanisDirector | 52.7K | – | Jul 13, 2026 | Form 4 |
| Kimberly S CucciaEVP, GC & Corporate Secretary | 41.2K | – | Nov 25, 2025 | Form 4 |
| Melanie B. BermanEVP Administration & CHRO | 36.0K | – | May 22, 2026 | Form 4 |
| Gunnar GodeSVP Chief Accting&Tax Officer | 29.3K | – | Feb 18, 2026 | Form 4 |
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.
- Shawn AndersonExecutive Vice President, Chief Financial OfficerWhat happenedAdoptedNov 10, 2025Shares12.5K
- Shawn AndersonExecutive Vice President, Chief Financial OfficerWhat happenedAdoptedMay 30, 2025Shares11.1K
- Michael JesanisDirectorWhat happenedAdoptedNov 11, 2024Shares10.1K
- Shawn AndersonExecutive Vice President, Chief Financial OfficerWhat happenedAdoptedNov 1, 2024Shares12.9K
| Person | What happened | Until | Shares | Filing |
|---|---|---|---|---|
| Shawn AndersonExecutive Vice President, Chief Financial Officer | AdoptedNov 10, 2025 | May 29, 2026 | 12.5K | 10-K |
| Shawn AndersonExecutive Vice President, Chief Financial Officer | AdoptedMay 30, 2025 | Nov 28, 2025 | 11.1K | 10-Q |
| Michael JesanisDirector | AdoptedNov 11, 2024 | May 16, 2025 | 10.1K | 10-K |
| Shawn AndersonExecutive Vice President, Chief Financial Officer | AdoptedNov 1, 2024 | May 30, 2025 | 12.9K | 10-K |
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.
$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.
- 2026May 12, 2026For95.1%
- 2025May 13, 2025For96.5%
- 2024May 13, 2024For96.7%
- 2023May 24, 2023For94.3%
- 2022May 25, 2022For94.9%
- 2021May 26, 2021For96.9%
| Year | For | Votes for | Votes against | Abstentions | Broker non-votes | Filing |
|---|---|---|---|---|---|---|
| 2026May 12, 2026 | 95.1% | 399M | 20.43M | 1.40M | – | 8-K |
| 2025May 13, 2025 | 96.5% | 390M | 14.07M | 3.28M | – | 8-K |
| 2024May 13, 2024 | 96.7% | 347M | 11.85M | 860.3K | – | 8-K |
| 2023May 24, 2023 | 94.3% | 305M | 18.50M | 947.6K | – | 8-K |
| 2022May 25, 2022 | 94.9% | 307M | 16.40M | 854.1K | – | 8-K |
| 2021May 26, 2021 | 96.9% | 321M | 10.34M | 932.3K | – | 8-K |
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.
- XLUState Street(R) Utilities Select Sector SPDR(R) ETFWeight in the fund1.61%
- VPUVanguard Utilities Index FundWeight in the fund1.34%
- SPLVInvesco S&P 500 Low Volatility ETFWeight in the fund1.08%
- DVYiShares Select Dividend ETFWeight in the fund0.80%
- ESGUiShares ESG Aware MSCI USA ETFWeight in the fund0.30%
- HDViShares Core High Dividend ETFWeight in the fund0.25%
- VBRVanguard Small-Cap Value Index FundWeight in the fund0.24%
- IWSiShares Russell Mid-Cap Value ETFWeight in the fund0.22%
- VOEVanguard Mid-Cap Value Index FundWeight in the fund0.20%
- RSPInvesco S&P 500 Equal Weight ETFWeight 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.
- Managers
- 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
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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
- BlackRockIn the quarter+6.8%
- Vanguard Capital ManagementIn the quarter+0.7%
- T. Rowe Price Investment ManagementIn the quarter-40%
- State StreetIn the quarter+1.9%
- Vanguard Portfolio ManagementIn the quarter+0.3%
- Geode Capital ManagementIn the quarter+2.4%
- Deutsche Bank Ag\In the quarter+3.1%
- FMRIn the quarter+10%
- Jennison AssociatesIn the quarter+0.1%
- InvescoIn the quarter
| Manager | Shares | In the quarter | Value |
|---|---|---|---|
| BlackRock | 54.96M | +6.8% | $2.6B |
| Vanguard Capital Management | 31.35M | +0.7% | $1.5B |
| T. Rowe Price Investment Management | 29.84M | -40% | $1.4B |
| State Street | 27.62M | +1.9% | $1.3B |
| Vanguard Portfolio Management | 27.07M | +0.3% | $1.3B |
| Geode Capital Management | 12.92M | +2.4% | $612M |
| Deutsche Bank Ag\ | 12.08M | +3.1% | $574M |
| FMR | 10.17M | +10% | $484M |
| Jennison Associates | 9.24M | +0.1% | $439M |
| Invesco | 7.79M | $370M |
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
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.