Atlantic Union Bankshares Corp Has $13.66 Million Stock Position in Norfolk Southern Corporation $NSC

Atlantic Union Bankshares Corp raised its stake in shares of Norfolk Southern Corporation (NYSE:NSC) by 4.8% during the fourth quarter, Holdings Channel reports. The firm owned 47,300 shares of the railroad operator’s stock after buying an additional 2,170 shares during the period. Atlantic Union Bankshares Corp’s holdings in Norfolk Southern were worth $13,657,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NSC. ORG Partners LLC boosted its holdings in Norfolk Southern by 75.0% during the third 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 acquired a new stake in Norfolk Southern during the third quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its holdings in Norfolk Southern by 207.1% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. BNP Paribas acquired a new stake in Norfolk Southern during the second quarter valued at approximately $26,000. Finally, GoalVest Advisory LLC boosted its holdings in Norfolk Southern by 933.3% during the fourth quarter. GoalVest Advisory LLC now owns 93 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 84 shares in the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.

Norfolk Southern Stock Up 0.5%

Shares of NSC opened at $312.69 on Wednesday. The company has a market capitalization of $70.23 billion, a P/E ratio of 26.34, a PEG ratio of 5.75 and a beta of 1.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.91 and a quick ratio of 0.81. Norfolk Southern Corporation has a one year low of $236.37 and a one year high of $323.37. The business’s 50 day simple moving average is $299.56 and its 200-day simple moving average is $295.42.

Norfolk Southern (NYSE:NSC) last posted its quarterly earnings data on Friday, April 24th. The railroad operator reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. Norfolk Southern had a return on equity of 18.30% and a net margin of 21.91%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business earned $2.69 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Norfolk Southern Corporation will post 12.11 EPS for the current fiscal year.

Norfolk Southern Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Friday, May 8th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $5.40 annualized dividend and a yield of 1.7%. Norfolk Southern’s dividend payout ratio is currently 45.49%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets boosted their target price on Norfolk Southern from $305.00 to $310.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. UBS Group set a $327.00 target price on Norfolk Southern in a report on Thursday, May 7th. Zacks Research raised Norfolk Southern from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Barclays boosted their target price on Norfolk Southern from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Citigroup reissued a “neutral” rating on shares of Norfolk Southern in a report on Friday, April 24th. Six analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern presently has an average rating of “Hold” and a consensus price target of $319.83.

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.