<div id="readability-page-1"><p>Envestnet Asset Management Inc. decreased its position in shares of  Norfolk Southern Corporation (NYSE:NSC - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 386,090 shares of the railroad operator's stock after selling 60,037 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Norfolk Southern worth $115,985,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>Norfolk Southern</strong> alerts:</span></p></div><ul><li>This Railroad Stock Is Chugging Along to a New All-Time High</li></ul><p>Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC grew its holdings in  Norfolk Southern by 3.5% during the third quarter. Tritonpoint Wealth LLC now owns 1,041 shares of the railroad operator's stock valued at $313,000 after purchasing an additional 35 shares during the period.  Massachusetts Wealth Management increased its stake in shares of  Norfolk Southern by 0.6% in the third quarter. Massachusetts Wealth Management now owns 5,986 shares of the railroad operator's stock worth $1,798,000 after buying an additional 35 shares during the period.  ORG Partners LLC grew its position in shares of  Norfolk Southern by 75.0% in the 3rd quarter. ORG Partners LLC now owns 84 shares of the railroad operator's stock worth $25,000 after buying an additional 36 shares during the last quarter.  Princeton Global Asset Management LLC boosted its position in  Norfolk Southern by 2.3% during the 2nd quarter. Princeton Global Asset Management LLC now owns 1,640 shares of the railroad operator's stock valued at $420,000 after acquiring an additional 37 shares in the last quarter.  Finally, Horan Securities Inc. boosted its stake in  Norfolk Southern by 2.1% during the second quarter. Horan Securities Inc. now owns 1,764 shares of the railroad operator's stock worth $452,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own  75.10% of the company's stock. </p><h2>Insider Activity</h2><p>In other news, EVP Anil Bhatt sold 900 shares of the company's stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $281.60, for a total transaction of $253,440.00. Following the completion of the transaction, the executive vice president directly owned 1,413 shares of the company's stock, valued at approximately $397,900.80. This represents a 38.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Jr. Clyburn bought 204 shares of the firm's stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $294.79 per share, with a total value of $60,137.16. Following the purchase, the director directly owned 405 shares of the company's stock, valued at approximately $119,389.95. This trade represents a 101.49% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own  0.06% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>These 3 industrial stocks just got upgraded ahead of earnings</li></ul><p>NSC has been the subject of several recent analyst reports. JPMorgan Chase &amp; Co. decreased their price target on Norfolk Southern from $301.00 to $296.00 and set a &#34;neutral&#34; rating for the company in a research note on Friday, January 30th. Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of Norfolk Southern in a research report on Thursday, January 22nd. Morgan Stanley raised Norfolk Southern from an &#34;equal weight&#34; rating to a &#34;buy&#34; rating in a research note on Thursday, December 18th. Sanford C. Bernstein decreased their price objective on Norfolk Southern from $347.00 to $333.00 and set an &#34;outperform&#34; rating for the company in a report on Tuesday, November 11th. Finally, Barclays cut their price objective on shares of Norfolk Southern from $340.00 to $320.00 and set an &#34;overweight&#34; rating on the stock in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Buy rating, fifteen have issued  a Hold rating and one  has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of &#34;Hold&#34; and a consensus target price of $304.47.</p><p><b>View Our Latest Research Report on Norfolk Southern</b></p><h2>Norfolk Southern Price Performance</h2><ul><li>All Aboard! The Sell-Side Has Railroads In Reversal </li></ul><p>NSC stock opened at $306.64 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.06. The stock has a market cap of $68.81 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 5.46 and a beta of 1.34. The business has a fifty day moving average of $291.69 and a two-hundred day moving average of $286.82. Norfolk Southern Corporation has a 52-week low of $201.63 and a 52-week high of $309.21. </p><p>Norfolk Southern (NYSE:NSC - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The railroad operator reported $3.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.76 by $0.46. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.03 billion. Norfolk Southern had a net margin of 23.59% and a return on equity of 18.78%. The business's revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.04 EPS.  As a group, research analysts anticipate that  Norfolk Southern Corporation will post 13 earnings per share for the current year. </p><h2>Norfolk Southern Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $5.40 annualized dividend and a yield of 1.8%. Norfolk Southern's dividend payout ratio (DPR) is 42.35%. </p><h2>Norfolk Southern Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Norfolk Southern</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>The day the gold market broke</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Your Bank Account Is No Longer Safe</li><li>He just nailed another gold prediction …</li></ul><p><strong>Want to see what other hedge funds are holding NSC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norfolk Southern Corporation (NYSE:NSC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5TQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5TQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Norfolk Southern Right Now?</h2><p>Before you consider Norfolk Southern, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norfolk Southern wasn't on the list.</p><p>While Norfolk Southern currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Envestnet Asset Management Inc. reduced its stake in Norfolk Southern Corporation by 13.5% in Q3, selling 60,037 shares, leaving it with 386,090 shares valued at approximately $115.98 million. Other institutional investors have also adjusted their holdings. Insider transactions included EVP Anil Bhatt selling 900 shares and Director William Jr. Clyburn purchasing 204 shares. Analyst ratings for Norfolk Southern vary, with a consensus rating of "Hold" and a target price of $304.47. The stock opened at $306.64.</p>

Envestnet Asset Management Inc. Sells 60,037 Shares of Norfolk Southern Corporation $NSC