Market News

Comerica Securities Trimmed Position in Norfolk Southern (NSC) by $417,888 as Market Value Declined; Boardwalk Pipeline Partners (BWP) Holder Tam Capital Management Boosted Holding by $12.45 Million

Norfolk Southern Corporation (NYSE:NSC) Logo

Comerica Securities Inc decreased its stake in Norfolk Southern Corp (NSC) by 11.92% based on its latest 2017Q4 regulatory filing with the SEC. Comerica Securities Inc sold 2,902 shares as the company’s stock declined 7.56% with the market. The institutional investor held 21,444 shares of the railroads company at the end of 2017Q4, valued at $3.11 million, down from 24,346 at the end of the previous reported quarter. Comerica Securities Inc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $38.74 billion market cap company. The stock decreased 1.52% or $2.11 during the last trading session, reaching $136.75. About 1.37M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since April 22, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.

Justin John Ferayorni increased its stake in Boardwalk Pipeline Partners (BWP) by 157.25% based on its latest 2017Q4 regulatory filing with the SEC. Tam Capital Management Inc bought 1.04M shares as the company’s stock declined 27.31% with the market. The hedge fund run by Justin John Ferayorni held 1.70 million shares of the natural gas distribution company at the end of 2017Q4, valued at $21.91M, up from 659,849 at the end of the previous reported quarter. Tam Capital Management Inc who had been investing in Boardwalk Pipeline Partners for a number of months, seems to be bullish on the $2.74B market cap company. The stock increased 0.83% or $0.09 during the last trading session, reaching $10.94. About 897,788 shares traded. Boardwalk Pipeline Partners, LP (NYSE:BWP) has declined 42.11% since April 22, 2017 and is downtrending. It has underperformed by 53.66% the S&P500.

Investors sentiment decreased to 0.65 in Q4 2017. Its down 0.29, from 0.94 in 2017Q3. It worsened, as 19 investors sold BWP shares while 55 reduced holdings. 18 funds opened positions while 30 raised stakes. 219.85 million shares or 4.92% less from 231.22 million shares in 2017Q3 were reported. Mraz Amerine & Assoc Inc reported 166,867 shares. Invesco, Georgia-based fund reported 12,209 shares. Stratos Wealth Ptnrs holds 234 shares or 0% of its portfolio. Cwm Limited Liability accumulated 300 shares. Sta Wealth Ltd Llc accumulated 20,635 shares. Bnp Paribas Arbitrage holds 1 shares or 0% of its portfolio. Jennison Associate Limited Liability Com holds 0% of its portfolio in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 316,517 shares. 4.20M are held by Jpmorgan Chase &. Alps Advisors accumulated 0.92% or 10.33 million shares. Huntington Bancshares holds 0% or 300 shares. Moreover, Pinnacle Limited has 0% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP). Moreover, Schulhoff And has 0.11% invested in Boardwalk Pipeline Partners, LP (NYSE:BWP) for 14,850 shares. Gp One Trading Lp accumulated 2,653 shares. Brookfield Asset Mgmt Inc reported 0.12% stake. Torray Limited Liability Corporation stated it has 0.92% in Boardwalk Pipeline Partners, LP (NYSE:BWP).

Among 10 analysts covering Boardwalk Pipeline Partners (NYSE:BWP), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Boardwalk Pipeline Partners had 24 analyst reports since August 13, 2015 according to SRatingsIntel. UBS maintained Boardwalk Pipeline Partners, LP (NYSE:BWP) rating on Friday, March 2. UBS has “Buy” rating and $17 target. The firm earned “Buy” rating on Tuesday, September 1 by Bank of America. RBC Capital Markets maintained it with “Hold” rating and $18.0 target in Monday, October 9 report. The company was maintained on Thursday, November 2 by Citigroup. The firm earned “Outperform” rating on Tuesday, February 9 by Credit Suisse. The company was maintained on Tuesday, February 7 by RBC Capital Markets. The firm has “Sell” rating by Goldman Sachs given on Friday, November 17. The stock of Boardwalk Pipeline Partners, LP (NYSE:BWP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, February 13. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 5 report. Barclays Capital maintained it with “Underweight” rating and $16 target in Tuesday, August 2 report.

Tam Capital Management Inc, which manages about $87.40M and $112.06 million US Long portfolio, decreased its stake in Altaba Inc by 307,551 shares to 192,043 shares, valued at $13.41M in 2017Q4, according to the filing.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on April, 25 before the open. They expect $1.78 EPS, up 20.27% or $0.30 from last year’s $1.48 per share. NSC’s profit will be $504.28M for 19.21 P/E if the $1.78 EPS becomes a reality. After $1.69 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 5.33% EPS growth.

Comerica Securities Inc, which manages about $820.57M and $793.42M US Long portfolio, upped its stake in Merck & Co Inc (NYSE:MRK) by 9,752 shares to 70,902 shares, valued at $4.02M in 2017Q4, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 874 shares in the quarter, for a total of 3,374 shares, and has risen its stake in Vanguard Index Fds (VB).

Since October 26, 2017, it had 0 insider buys, and 5 sales for $2.43 million activity. On Friday, February 16 the insider Wheeler Michael Joseph sold $244,011. Hurlbut Thomas E had sold 1,000 shares worth $142,896.

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 99 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Hold” rating given on Thursday, September 14 by BMO Capital Markets. On Tuesday, October 31 the stock rating was maintained by Argus Research with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Monday, July 31. The stock has “Sell” rating by Loop Capital on Monday, November 27. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Hold” rating by Loop Capital on Thursday, August 4. The firm has “Outperform” rating given on Thursday, January 26 by Cowen & Co. The firm has “Buy” rating given on Friday, September 29 by Cowen & Co. Barclays Capital maintained Norfolk Southern Corporation (NYSE:NSC) rating on Monday, April 11. Barclays Capital has “Equal-Weight” rating and $88 target. On Thursday, October 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, November 24.

Investors sentiment is 0.83 in Q4 2017. Its the same as in 2017Q3. It has no change, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. M&R Capital Mgmt has invested 1.72% in Norfolk Southern Corporation (NYSE:NSC). Manchester Cap Mgmt Ltd Company has 514 shares for 0.01% of their portfolio. Triangle Wealth Mgmt holds 3,317 shares or 0.27% of its portfolio. Evercore Wealth Management Lc stated it has 0.03% in Norfolk Southern Corporation (NYSE:NSC). Reilly Fincl Advsrs Ltd Limited Liability Company holds 0.01% or 440 shares. Norinchukin State Bank The owns 22,878 shares or 0.06% of their US portfolio. Banced accumulated 2,349 shares or 0.56% of the stock. Drw Securities Lc reported 4,008 shares. Shelton Mngmt, California-based fund reported 18,268 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 63,624 shares. First Heartland Consultants owns 2,920 shares or 0.13% of their US portfolio. Usca Ria Ltd Liability Corporation reported 3,190 shares stake. Harbour Invest Limited Liability Corporation owns 17,940 shares. Johnson Fincl Group holds 0.03% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 1,952 shares. Veritable Lp reported 0.05% stake.

Boardwalk Pipeline Partners, LP (NYSE:BWP) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *