Wealthstreet Investment Advisors LLC acquired a new stake in Norfolk Southern Corp. (NYSE:NSC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,813 shares of the railroad operator’s stock, valued at approximately $6,928,000. Norfolk Southern makes up about 0.8% of Wealthstreet Investment Advisors LLC’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Krilogy Financial LLC boosted its holdings in Norfolk Southern by 2.6% in the second quarter. Krilogy Financial LLC now owns 855 shares of the railroad operator’s stock valued at $104,000 after purchasing an additional 22 shares during the period. Sawyer & Company Inc purchased a new position in Norfolk Southern in the fourth quarter valued at $104,000. Arcadia Investment Management Corp MI boosted its holdings in Norfolk Southern by 165.1% in the fourth quarter. Arcadia Investment Management Corp MI now owns 835 shares of the railroad operator’s stock valued at $121,000 after purchasing an additional 520 shares during the period. Atlantic Trust LLC purchased a new position in Norfolk Southern in the second quarter valued at $144,000. Finally, Welch Investments LLC purchased a new position in Norfolk Southern in the fourth quarter valued at $156,000. 72.93% of the stock is owned by institutional investors and hedge funds.

Shares of Norfolk Southern Corp. (NSC) opened at $138.22 on Monday. The stock has a market capitalization of $39,254.09, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. Norfolk Southern Corp. has a fifty-two week low of $109.27 and a fifty-two week high of $157.15.

Norfolk Southern (NYSE:NSC) last announced its quarterly earnings results on Wednesday, January 24th. The railroad operator reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.13. Norfolk Southern had a return on equity of 14.16% and a net margin of 51.22%. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned $1.42 EPS. Norfolk Southern’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts predict that Norfolk Southern Corp. will post 8.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 2nd will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, February 1st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Norfolk Southern’s previous quarterly dividend of $0.61. Norfolk Southern’s payout ratio is 15.38%.

In other news, VP Thomas E. Hurlbut sold 467 shares of Norfolk Southern stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.17, for a total transaction of $70,129.39. Following the sale, the vice president now owns 5,000 shares in the company, valued at $750,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James A. Squires sold 10,000 shares of Norfolk Southern stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.10, for a total value of $1,501,000.00. The disclosure for this sale can be found here. Insiders have sold 19,012 shares of company stock worth $2,690,734 in the last quarter. Insiders own 0.36% of the company’s stock.

NSC has been the subject of a number of recent research reports. Loop Capital lowered Norfolk Southern from a “hold” rating to a “sell” rating and set a $133.00 target price for the company. in a report on Monday, November 27th. Zacks Investment Research lowered Norfolk Southern from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. ValuEngine upgraded Norfolk Southern from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Scotiabank upgraded Norfolk Southern from a “sector perform” rating to a “buy” rating and set a $165.00 target price for the company in a report on Friday, January 12th. Finally, TD Securities lifted their price target on Norfolk Southern from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. Norfolk Southern presently has an average rating of “Hold” and a consensus target price of $140.85.

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Norfolk Southern Company Profile

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest.

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Institutional Ownership by Quarter for Norfolk Southern (NYSE:NSC)

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