Norfolk Southern Corporation $NSC Stock Holdings Lessened by Zimmer Partners LP

Zimmer Partners LP cut its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,100 shares of the railroad operator’s stock after selling 11,900 shares during the quarter. Zimmer Partners LP’s holdings in Norfolk Southern were worth $12,577,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NSC. WPG Advisers LLC bought a new stake in shares of Norfolk Southern during the 1st quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Norfolk Southern during the 4th quarter worth $28,000. Putney Financial Group LLC bought a new stake in shares of Norfolk Southern during the 4th quarter worth $30,000. HWG Holdings LP bought a new stake in shares of Norfolk Southern during the 1st quarter worth $35,000. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Norfolk Southern by 129.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 149 shares of the railroad operator’s stock worth $35,000 after acquiring an additional 84 shares in the last quarter. 75.10% of the stock is owned by institutional investors.

Norfolk Southern Trading Down 0.8%

Shares of NYSE:NSC opened at $275.57 on Tuesday. The firm has a fifty day moving average of $275.23 and a two-hundred day moving average of $249.56. The firm has a market capitalization of $61.90 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 2.46 and a beta of 1.29. Norfolk Southern Corporation has a 12-month low of $201.63 and a 12-month high of $291.69. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.11.

Norfolk Southern (NYSE:NSC) last issued its earnings results on Tuesday, July 29th. The railroad operator reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.05. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. Norfolk Southern had a net margin of 27.51% and a return on equity of 19.35%. Norfolk Southern has set its FY 2025 guidance at EPS. On average, equities analysts expect that Norfolk Southern Corporation will post 13 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid 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 2.0%. Norfolk Southern’s dividend payout ratio (DPR) is 36.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NSC. The Goldman Sachs Group reissued a “neutral” rating and set a $278.00 price objective on shares of Norfolk Southern in a research note on Monday, June 2nd. TD Cowen upgraded shares of Norfolk Southern from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $263.00 to $323.00 in a research report on Monday, July 21st. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price objective on shares of Norfolk Southern in a research report on Friday, July 25th. Baird R W upgraded shares of Norfolk Southern to a “hold” rating in a research report on Tuesday, July 1st. Finally, Barclays lifted their price objective on shares of Norfolk Southern from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.