Exchange Traded Concepts LLC Sells 2,980 Shares of Norfolk Southern Corporation $NSC

Exchange Traded Concepts LLC reduced its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 87.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 429 shares of the railroad operator’s stock after selling 2,980 shares during the period. Exchange Traded Concepts LLC’s holdings in Norfolk Southern were worth $124,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pallas Capital Advisors LLC raised its position in shares of Norfolk Southern by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 3,496 shares of the railroad operator’s stock worth $1,009,000 after acquiring an additional 63 shares in the last quarter. Accurate Wealth Management LLC raised its position in shares of Norfolk Southern by 7.3% in the 4th quarter. Accurate Wealth Management LLC now owns 2,170 shares of the railroad operator’s stock worth $623,000 after acquiring an additional 147 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of Norfolk Southern by 1.1% in the 4th quarter. Capital Investment Advisors LLC now owns 28,565 shares of the railroad operator’s stock worth $8,247,000 after acquiring an additional 317 shares in the last quarter. Dakota Wealth Management raised its position in shares of Norfolk Southern by 12.2% in the 4th quarter. Dakota Wealth Management now owns 7,049 shares of the railroad operator’s stock worth $2,035,000 after acquiring an additional 768 shares in the last quarter. Finally, Trust Point Inc. bought a new position in shares of Norfolk Southern in the 4th quarter worth about $251,000. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Stock Performance

Shares of NSC opened at $288.49 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.85 and a quick ratio of 0.78. The stock has a 50-day moving average of $299.89 and a 200-day moving average of $293.18. The company has a market cap of $70.63 billion, a PE ratio of 22.63, a P/E/G ratio of 5.25 and a beta of 1.31. Norfolk Southern Corporation has a one year low of $202.54 and a one year high of $319.94.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Thursday, January 29th. The railroad operator reported $3.22 EPS for the quarter, beating the consensus estimate of $2.76 by $0.46. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a return on equity of 18.78% and a net margin of 23.59%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $3.04 EPS. On average, equities research analysts predict that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a $1.35 dividend. The ex-dividend date was Friday, February 6th. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is currently 42.35%.

Trending Headlines about Norfolk Southern

Here are the key news stories impacting Norfolk Southern this week:

• Positive Sentiment: Wolfe Research raised its price target to $355 and kept an “outperform” rating, signaling meaningful upside and upbeat freight/earnings expectations. Wolfe Research PT Raise Tickerreport
• Positive Sentiment: Bernstein reiterated its buy rating on NSC, providing continued fundamental support from an influential shop. Bernstein Keeps Buy
• Neutral Sentiment: Citigroup raised its target to $313 but maintained a “neutral” rating — a modest supportive datapoint but not a clear buy signal. Citigroup PT Raise
• Neutral Sentiment: TD Cowen trimmed its target to $313 (from $314) but kept a “buy” rating — a small cut that still signals continued upside expectation. TD Cowen PT Adjust
• Neutral Sentiment: JPMorgan slightly lowered its target to $292 and kept a “neutral” rating, a small adjustment that likely has limited impact on momentum. JPMorgan PT Cut
• Negative Sentiment: Jefferies cut its target sharply to $310 from $350 and kept a “hold” rating — the largest downward adjustment among peers and a signal that upside may be more limited than previously thought. Jefferies PT Cut
• Negative Sentiment: Zacks published analysis saying EPS estimates are moving “southbound” and discussed risks to the stock if revisions continue, which could pressure valuation and near-term trader sentiment. Zacks EPS Analysis

Analyst Ratings Changes

NSC has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Norfolk Southern from $296.00 to $292.00 and set a “neutral” rating for the company in a research report on Tuesday. Wall Street Zen raised Norfolk Southern to a “sell” rating in a research report on Saturday. Zacks Research raised Norfolk Southern from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Evercore lifted their price objective on Norfolk Southern from $298.00 to $299.00 in a research report on Thursday, December 18th. Finally, Barclays lowered their price objective on Norfolk Southern from $340.00 to $320.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $305.53.

Norfolk Southern Company Profile

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.