Nisa Investment Advisors LLC Sells 500 Shares of United States Steel Co. (NYSE:X)

Nisa Investment Advisors LLC cut its stake in shares of United States Steel Co. (NYSE:X) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,453 shares of the basic materials company’s stock after selling 500 shares during the period. Nisa Investment Advisors LLC’s holdings in United States Steel were worth $1,336,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in United States Steel by 1.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,258,118 shares of the basic materials company’s stock valued at $61,207,000 after acquiring an additional 14,440 shares in the last quarter. International Assets Investment Management LLC lifted its stake in United States Steel by 4,057.9% during the 4th quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company’s stock valued at $36,368,000 after acquiring an additional 729,574 shares in the last quarter. Requisite Capital Management LLC bought a new position in United States Steel during the 4th quarter valued at $224,000. TriaGen Wealth Management LLC bought a new position in United States Steel during the 4th quarter valued at $549,000. Finally, Oak Thistle LLC bought a new position in United States Steel during the 4th quarter valued at $560,000. 81.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on X. BMO Capital Markets lowered their target price on United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 19th. Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research note on Tuesday, April 9th. StockNews.com began coverage on United States Steel in a research note on Saturday. They set a “hold” rating on the stock. JPMorgan Chase & Co. began coverage on United States Steel in a research note on Friday, January 12th. They set a “neutral” rating and a $52.00 target price on the stock. Finally, Morgan Stanley cut United States Steel from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $40.00 to $51.00 in a research note on Thursday, February 15th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.89.

United States Steel Stock Down 2.1 %

X stock opened at $41.33 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $9.29 billion, a PE ratio of 11.77 and a beta of 2.01. United States Steel Co. has a twelve month low of $20.40 and a twelve month high of $50.20. The stock has a 50-day simple moving average of $43.89 and a two-hundred day simple moving average of $41.05.

United States Steel (NYSE:X) last posted its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. On average, equities analysts predict that United States Steel Co. will post 3.17 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, February 9th. United States Steel’s payout ratio is presently 5.70%.

About United States Steel

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.