Norfolk Southern Corporation $NSC Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC reduced its stake in Norfolk Southern Corporation (NYSE:NSC) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,960 shares of the railroad operator’s stock after selling 746 shares during the period. Venture Visionary Partners LLC’s holdings in Norfolk Southern were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NSC. Brighton Jones LLC raised its stake in shares of Norfolk Southern by 4.9% in the fourth quarter. Brighton Jones LLC now owns 1,706 shares of the railroad operator’s stock valued at $400,000 after acquiring an additional 79 shares in the last quarter. XTX Topco Ltd acquired a new stake in Norfolk Southern in the fourth quarter valued at $249,000. First Trust Advisors LP raised its stake in Norfolk Southern by 6.5% in the fourth quarter. First Trust Advisors LP now owns 217,830 shares of the railroad operator’s stock valued at $51,125,000 after buying an additional 13,347 shares in the last quarter. MML Investors Services LLC raised its stake in Norfolk Southern by 87.0% in the fourth quarter. MML Investors Services LLC now owns 33,472 shares of the railroad operator’s stock valued at $7,856,000 after buying an additional 15,569 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Norfolk Southern by 0.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 14,007 shares of the railroad operator’s stock valued at $3,290,000 after buying an additional 63 shares in the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.

Norfolk Southern Stock Up 0.1%

NSC opened at $285.7490 on Thursday. The business’s 50-day simple moving average is $268.76 and its 200-day simple moving average is $247.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.71 and a current ratio of 0.79. Norfolk Southern Corporation has a one year low of $201.63 and a one year high of $288.64. The stock has a market capitalization of $64.18 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.53 and a beta of 1.31.

Norfolk Southern (NYSE:NSC) last posted its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.05. Norfolk Southern had a return on equity of 19.35% and a net margin of 27.51%.The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Norfolk Southern has set its FY 2025 guidance at EPS. Analysts anticipate that Norfolk Southern Corporation will post 13 EPS for the current year.

Norfolk Southern Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. Norfolk Southern’s dividend payout ratio (DPR) is currently 36.49%.

Analysts Set New Price Targets

A number of analysts have weighed in on NSC shares. The Goldman Sachs Group restated a “neutral” rating and issued a $278.00 price target on shares of Norfolk Southern in a research note on Monday, June 2nd. Evercore ISI restated an “in-line” rating and issued a $289.00 price target (up from $279.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Sanford C. Bernstein raised their price target on Norfolk Southern from $295.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $288.00 price target (up from $282.00) on shares of Norfolk Southern in a research note on Wednesday, July 30th. Finally, Baird R W upgraded Norfolk Southern to a “hold” rating in a research note on Tuesday, July 1st. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $285.15.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.