First Trust Advisors Reduces Stake in NiSource

Investment firm sells 83,162 shares of utility provider

Mar. 10, 2026 at 9:05am

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First Trust Advisors LP reduced its stake in NiSource, Inc. (NYSE:NI) by 4.3% in the third quarter, according to a filing with the Securities and Exchange Commission. The firm now owns 1,873,052 shares of the utilities provider's stock, worth approximately $81.1 million.

Why it matters

This transaction reflects changes in First Trust Advisors' investment strategy and portfolio composition for the NiSource holding. As a major institutional investor, shifts in their positions can signal broader market trends or changes in sentiment around the utility company.

The details

First Trust Advisors sold 83,162 shares of NiSource during the third quarter, reducing its total stake to 1,873,052 shares. The firm now owns approximately 0.39% of NiSource's outstanding shares. The sale comes as NiSource's stock price has fluctuated in recent quarters, trading between $35.64 and $47.67 over the past 52 weeks.

  • The share sale occurred in the third quarter of the year.

The players

First Trust Advisors LP

An investment management firm that reduced its stake in NiSource, Inc.

NiSource, Inc.

A utilities provider that delivers natural gas and electricity to residential, commercial and industrial customers.

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The takeaway

This transaction highlights the dynamic nature of institutional investment strategies and the ongoing evaluation of portfolio holdings, even for established utility companies like NiSource.