Northwest & Ethical Investments L.P. Grows Stock Holdings in Canadian National Railway (NYSE:CNI)

Northwest & Ethical Investments L.P. boosted its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 40.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 306,201 shares of the transportation company's stock after buying an additional 88,447 shares during the period. Canadian National Railway makes up about 0.8% of Northwest & Ethical Investments L.P.'s portfolio, making the stock its 21st biggest holding. Northwest & Ethical Investments L.P.'s holdings in Canadian National Railway were worth $31,038,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CNI. National Bank of Canada FI grew its holdings in shares of Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after purchasing an additional 2,137,948 shares in the last quarter. Canoe Financial LP purchased a new stake in Canadian National Railway during the fourth quarter valued at $216,943,000. Point72 Asset Management L.P. purchased a new position in shares of Canadian National Railway in the 3rd quarter worth $159,907,000. Wellington Management Group LLP increased its holdings in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after buying an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Canadian National Railway by 64.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock valued at $174,813,000 after buying an additional 584,832 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Canadian National Railway Stock Up 2.0 %

Shares of CNI stock traded up $1.92 during mid-day trading on Monday, hitting $98.73. The stock had a trading volume of 1,462,470 shares, compared to its average volume of 1,187,451. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.73. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm's 50-day moving average is $101.24 and its two-hundred day moving average is $106.99. The firm has a market capitalization of $62.04 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.50%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

Analyst Ratings Changes

Several research analysts recently commented on CNI shares. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Stifel Nicolaus raised their price target on Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Finally, Royal Bank of Canada lowered their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.