Duff & Phelps Investment Management Reduces NiSource Stake

Institutional investor sells over 196,000 shares of utility company NiSource

Mar. 12, 2026 at 8:34am

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Duff & Phelps Investment Management Co. has reduced its stake in NiSource, Inc. (NYSE:NI) by 5.9%, selling 196,342 shares in the 3rd quarter. The institutional investor now owns 3,122,073 shares of the utilities provider's stock, making up approximately 1.5% of its portfolio.

Why it matters

This transaction provides insight into the investment strategy and portfolio adjustments of a major institutional investor. Changes in large shareholder positions can influence a company's stock price and market sentiment.

The details

According to a recent SEC filing, Duff & Phelps Investment Management Co. sold 196,342 shares of NiSource, reducing its total stake in the company to 3,122,073 shares. This represents approximately 0.65% of NiSource's outstanding shares. The sale occurred during the 3rd quarter of the year.

  • Duff & Phelps Investment Management Co. sold the shares in the 3rd quarter of 2026.

The players

Duff & Phelps Investment Management Co.

An institutional investment management firm that previously held a significant stake in NiSource, Inc.

NiSource, Inc.

A publicly traded energy holding company that owns and operates regulated local gas and electric utilities in the United States.

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The takeaway

This transaction reflects Duff & Phelps Investment Management's portfolio adjustments, potentially in response to market conditions or investment strategy changes. It provides insight into the shifting ownership dynamics of NiSource, a major utility company.