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Pembina Pipeline (PBA) Holding Held by Kayne Anderson Capital Advisors Lp; As Norfolk Southern (NSC) Stock Price Rose, Shareholder Wexford Capital LP Has Lowered Its Position

Norfolk Southern Corporation (NYSE:NSC) Logo

Kayne Anderson Capital Advisors Lp increased its stake in Pembina Pipeline Corp (PBA) by 16.7% based on its latest 2018Q1 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp bought 375,600 shares as the company’s stock declined 0.95% with the market. The hedge fund held 2.63M shares of the oil & gas production company at the end of 2018Q1, valued at $81.98 million, up from 2.25 million at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Pembina Pipeline Corp for a number of months, seems to be bullish on the $17.28B market cap company. The stock decreased 0.98% or $0.34 during the last trading session, reaching $34.4. About 711,696 shares traded or 15.89% up from the average. Pembina Pipeline Corporation (NYSE:PBA) has risen 2.84% since June 13, 2017 and is uptrending. It has underperformed by 9.73% the S&P500. Some Historical PBA News: 03/05/2018 – PEMBINA PIPELINE 1Q EPS C$0.59; 22/03/2018 – Pembina Pipeline Corp Announces C$700 Million Public Note Offering; 26/03/2018 – PEMBINA PIPELINE CORPORATION ANNOUNCES CLOSING OF $700 MILLION PUBLIC NOTE OFFERING; 03/05/2018 – PEMBINA PIPELINE REPORTS PHASE VI PIPELINE EXPANSION, DECLARES; 09/04/2018 – Pembina Pipeline Corp Announces Changes to Reporting Segments; 22/03/2018 – PEMBINA PIPELINE REPORTS $700M PUBLIC NOTE OFFERING; 27/03/2018 – Enbridge, Pembina to Convert Alliance Pipeline Operation Into Owner-Operator Model; 27/03/2018 – Enbridge Income Fund, Pembina Pipeline Corp Each Owns 50% of Alliance Pipeline; 22/03/2018 – PEMBINA PIPELINE CORPORATION ANNOUNCES $700 MILLION PUBLIC NOTE OFFERING; 22/03/2018 – NEW DEAL: Pembina Pipeline Min. C$500m Offering of 10Y, 30Y Debt

Charles Davidson decreased its stake in Norfolk Southern Corp (NSC) by 34.91% based on its latest 2018Q1 regulatory filing with the SEC. Wexford Capital Lp sold 20,086 shares as the company’s stock rose 5.15% while stock markets declined. The hedge fund run by Charles Davidson held 37,455 shares of the railroads company at the end of 2018Q1, valued at $5.09 million, down from 57,541 at the end of the previous reported quarter. Wexford Capital Lp who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $44.16B market cap company. The stock increased 0.10% or $0.16 during the last trading session, reaching $156.28. About 1.56M shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 27.76% since June 13, 2017 and is uptrending. It has outperformed by 15.19% the S&P500. Some Historical NSC News: 25/04/2018 – Norfolk Southern Volume Jumps More Than Eight Times Average; 15/05/2018 – NORFOLK SOUTHERN CEO SQUIRES SPEAKS AT BANK OF AMERICA CONF; 07/05/2018 – NORFOLK SOUTHERN RESPONDS TO FRA REQUEST FOR INFO ON AUTOMATION; 25/04/2018 – Norfolk Southern 1Q Net $552M; 13/05/2018 – Geo English: NSC expected to meet over Nawaz’s remarks; 25/04/2018 – NORFOLK SOUTHERN BOOSTS EXPECTED ANNUAL REPURCHASES TO $1.5B; 16/03/2018 – Norfolk Southern response to TRC Capital’s ‘mini-tender’ offer; 25/04/2018 – NORFOLK SOUTHERN CORP – INCREASING EXPECTED ANNUAL SHARE REPURCHASES TO $1.5 BLN FOR 2018; 09/05/2018 – Norfolk Southern partners with Plug and Play to drive innovation in supply chain logistics; 16/03/2018 – Norfolk Southern Remaining Neutral Toward TRC’s Offer

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 8 have Buy rating, 5 Sell and 18 Hold. Therefore 26% are positive. Norfolk Southern Corp. had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Equal-Weight” rating by Barclays Capital on Monday, April 11. The stock of Norfolk Southern Corporation (NYSE:NSC) has “Underweight” rating given on Thursday, January 25 by Morgan Stanley. On Wednesday, March 15 the stock rating was downgraded by Wolfe Research to “Peer Perform”. The firm has “Outperform” rating by Cowen & Co given on Monday, October 5. The rating was maintained by JP Morgan on Thursday, October 12 with “Neutral”. The stock has “Neutral” rating by UBS on Tuesday, July 28. The rating was maintained by Citigroup with “Neutral” on Tuesday, September 13. On Thursday, November 30 the stock rating was maintained by BMO Capital Markets with “Hold”. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, November 24 report. The firm earned “Underperform” rating on Tuesday, January 10 by CLSA.

Since February 1, 2018, it had 0 insider purchases, and 8 insider sales for $4.08 million activity. On Friday, February 16 Hurlbut Thomas E sold $142,896 worth of Norfolk Southern Corporation (NYSE:NSC) or 1,000 shares. Wheeler Michael Joseph had sold 2,000 shares worth $302,661 on Wednesday, May 16. 10,000 Norfolk Southern Corporation (NYSE:NSC) shares with value of $1.50 million were sold by Squires James A.

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.08, from 0.83 in 2017Q4. It dropped, as 53 investors sold NSC shares while 375 reduced holdings. 94 funds opened positions while 228 raised stakes. 198.67 million shares or 0.72% more from 197.25 million shares in 2017Q4 were reported. Carroll Fin Associate Inc has 0.08% invested in Norfolk Southern Corporation (NYSE:NSC) for 5,307 shares. Factory Mutual Insurance holds 0.11% or 72,800 shares. Barnett, a Tennessee-based fund reported 5,008 shares. Shelton Capital Management accumulated 0.14% or 15,268 shares. Btr Capital Management stated it has 0.06% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Geode Cap Mgmt Ltd holds 2.95 million shares. Alexandria Capital Ltd has invested 0.07% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Great Lakes Advsrs Ltd Liability Corporation accumulated 606,112 shares. Pacific Mngmt Co reported 0.09% stake. 643 are held by Kings Point Cap. Planning Limited Liability Corp holds 2,622 shares. First Quadrant Ltd Partnership Ca has invested 0.23% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). The Georgia-based Voya Invest Mgmt Limited Liability Corporation has invested 0.03% in Norfolk Southern Corporation (NYSE:NSC). Wealthtrust invested in 0.03% or 431 shares. Monetary Management Grp Inc Inc invested in 1,350 shares.

Wexford Capital Lp, which manages about $6.34B and $1.37 billion US Long portfolio, upped its stake in Halcon Res Corp by 818,483 shares to 1.14 million shares, valued at $5.55 million in 2018Q1, according to the filing. It also increased its holding in Jpmorgan Chase & Co (NYSE:JPM) by 15,392 shares in the quarter, for a total of 119,340 shares, and has risen its stake in The Trade Desk Inc.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on July, 25. They expect $2.24 EPS, up 30.99% or $0.53 from last year’s $1.71 per share. NSC’s profit will be $632.90 million for 17.44 P/E if the $2.24 EPS becomes a reality. After $1.93 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 16.06% EPS growth.

Kayne Anderson Capital Advisors Lp, which manages about $18.02 billion and $7.00 billion US Long portfolio, decreased its stake in Crown Castle Intl Corp New (NYSE:CCI) by 4,550 shares to 15,250 shares, valued at $1.67M in 2018Q1, according to the filing. It also reduced its holding in Eqt Gp Hldgs Lp by 136,100 shares in the quarter, leaving it with 1.16 million shares, and cut its stake in Macquarie Infrastructure Cor (NYSE:MIC).

Among 5 analysts covering Pembina Pipeline (NYSE:PBA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Pembina Pipeline had 8 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Pembina Pipeline Corporation (NYSE:PBA) has “Outperform” rating given on Friday, December 11 by Credit Suisse. GMP Securities upgraded the shares of PBA in report on Monday, November 7 to “Buy” rating. JP Morgan initiated the stock with “Overweight” rating in Thursday, October 13 report. On Monday, June 20 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was maintained by RBC Capital Markets on Monday, November 9 with “Outperform”. RBC Capital Markets maintained the shares of PBA in report on Monday, August 10 with “Outperform” rating. On Monday, July 18 the stock rating was downgraded by ational Bank Financial to “Sector Perform”.

More important recent Pembina Pipeline Corporation (NYSE:PBA) news were published by: Seekingalpha.com which released: “Bright future seen for US LNG, ethanol sellers on potential China deals” on May 22, 2018, also Streetinsider.com published article titled: “Pembina Pipeline (PBA) Updates 2018 Guidance, Will Host Annual Investor Day”, Fool.com published: “China is Using This, Not Renewable Energy, to Replace Coal” on June 04, 2018. More interesting news about Pembina Pipeline Corporation (NYSE:PBA) was released by: Finance.Yahoo.com and their article: “3 Stocks That Pay You Each Month” with publication date: June 02, 2018.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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