Franklin Resources Reduces Stake in NiSource

Institutional investor cuts position in utility company by 3.4% in Q3

Mar. 13, 2026 at 8:20am

Got story updates? Submit your updates here. ›

Franklin Resources Inc. has reduced its stake in NiSource, Inc. (NYSE:NI) by 3.4% during the third quarter, according to a recent SEC filing. The firm now owns 6,318,263 shares of the utilities provider's stock, down from 6,541,353 shares held previously.

Why it matters

As a major institutional investor, Franklin Resources' moves can signal broader market sentiment around NiSource. The 3.4% reduction in stake suggests the firm may see limited upside or increased risk in the utility company's stock at current levels.

The details

According to the 13F filing, Franklin Resources sold 223,090 shares of NiSource stock during the third quarter. The firm now owns approximately 1.32% of NiSource, valued at $273.6 million as of the end of the quarter.

  • Franklin Resources filed the 13F report disclosing the stake reduction on March 13, 2026.
  • The stake reduction occurred during the third quarter of 2025.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment management and related services to institutional and individual investors.

NiSource, Inc.

A utility holding company that primarily owns and operates regulated local natural gas and electric utility companies in the United States.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Franklin Resources' NiSource stake suggests the firm sees limited upside or increased risk in the utility company's stock at current levels, which could signal broader market caution around NiSource shares.