C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Lowers Stock Holdings in Norfolk Southern Corporation $NSC

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lowered its position in shares of Norfolk Southern Corporation (NYSE:NSC) by 74.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,112 shares of the railroad operator’s stock after selling 3,190 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Norfolk Southern were worth $321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC grew its position in shares of Norfolk Southern by 75.0% during the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Norfolk Southern in the third quarter worth $25,000. Westside Investment Management Inc. raised its position in shares of Norfolk Southern by 207.1% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock worth $26,000 after buying an additional 58 shares in the last quarter. BNP Paribas bought a new stake in Norfolk Southern during the second quarter valued at $26,000. Finally, GoalVest Advisory LLC grew its position in Norfolk Southern by 933.3% during the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock worth $27,000 after buying an additional 84 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Norfolk Southern Stock Up 0.1%

Shares of NYSE:NSC opened at $288.18 on Monday. The stock has a market capitalization of $70.55 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 5.25 and a beta of 1.31. The stock’s 50-day moving average price is $299.90 and its 200-day moving average price is $293.11. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.06. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $319.94.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research upgraded Norfolk Southern from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Argus raised Norfolk Southern to a “hold” rating in a report on Wednesday, February 25th. Rothschild & Co Redburn decreased their price objective on shares of Norfolk Southern from $317.00 to $308.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Citigroup lowered their target price on shares of Norfolk Southern from $317.00 to $300.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. Finally, UBS Group cut shares of Norfolk Southern from a “buy” rating to a “neutral” rating and set a $342.00 price target for the company. in a research note on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $307.89.

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.