Clean Energy Transition LLP Makes New Investment in Canadian National Railway Company $CNI

Clean Energy Transition LLP bought a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 478,184 shares of the transportation company’s stock, valued at approximately $47,268,000. Canadian National Railway accounts for 3.9% of Clean Energy Transition LLP’s holdings, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of Canadian National Railway by 19.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 103 shares in the last quarter. Tacita Capital Inc boosted its position in shares of Canadian National Railway by 0.6% during the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after purchasing an additional 109 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its position in shares of Canadian National Railway by 1.5% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Canadian National Railway by 10.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 113 shares in the last quarter. Finally, Patten Group Inc. boosted its position in shares of Canadian National Railway by 1.4% during the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after purchasing an additional 114 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.6%

CNI stock opened at $119.02 on Friday. The stock’s 50 day simple moving average is $113.32 and its 200 day simple moving average is $105.54. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $122.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The company has a market cap of $72.21 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the business earned $1.85 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is 48.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CNI. Sanford C. Bernstein upped their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Barclays upped their target price on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce upped their target price on Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research report on Tuesday, June 9th. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of $122.04.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.