44,605 NiSource, Inc $NI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Stanley Muller on Nov 5th, 2026

Sumitomo Mitsui Trust Group Inc. decreased its position in NiSource, Inc (NYSE:NI – Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 983,885 shares of the utilities provider’s stock after selling 44,605 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NiSource were worth $38,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in NiSource during the third quarter worth about $4,780,000. Vise Technologies Inc. boosted its stake in NiSource by 55.3% during the third quarter. Vise Technologies Inc. now owns 207,797 shares of the utilities provider’s stock worth $8,104,000 after acquiring an additional 73,980 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of NiSource by 17.1% during the third quarter. MGO One Seven LLC now owns 67,048 shares of the utilities provider’s stock valued at $2,615,000 after acquiring an additional 9,767 shares in the last quarter. Parcion Private Wealth LLC purchased a new stake in NiSource during the 3rd quarter valued at $245,000. Finally, Soltis Investment Advisors LLC bought a new stake in NiSource in the 3rd quarter worth approximately $224,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Trading Up 1.5%

NYSE:NI opened at $45.31 on Thursday. NiSource, Inc has a 1-year low of $38.42 and a 1-year high of $49.21. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 3.31 and a beta of 0.53. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $41.46 and a 200 day simple moving average of $44.86.

NiSource (NYSE:NI – Get Free Report) last announced its earnings results on Wednesday, October 28th. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. NiSource had a net margin of 13.56% and a return on equity of 8.16%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.19 EPS. Sell-side analysts forecast that NiSource, Inc will post 2.06 earnings per share for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is currently 61.54%.

Insider Activity

In related news, CFO Shawn Anderson sold 6,500 shares of NiSource stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $45.00, for a total value of $292,500.00. Following the transaction, the chief financial officer directly owned 160,080 shares of the company’s stock, valued at $7,203,600. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. LADENBURG THALM/SH SH decreased their price target on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Scotiabank started coverage on shares of NiSource in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $43.00 price target on the stock. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Weiss Ratings downgraded shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. Finally, Citigroup reissued a “buy” rating on shares of NiSource in a report on Wednesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.58.

Check Out Our Latest Research Report on NI

About NiSource

(Free Report)

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.