Nustar GP Holdings, LLC (NSH) Given Average Rating of “Hold” by Analysts
Nustar GP Holdings, LLC (NYSE:NSH) has been given an average rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.50.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Nustar GP from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Nustar GP from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Citigroup dropped their target price on shares of Nustar GP from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, October 10th. UBS dropped their target price on shares of Nustar GP from $33.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Finally, Mizuho restated a “hold” rating and issued a $25.00 target price on shares of Nustar GP in a report on Friday, October 20th.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA acquired a new position in Nustar GP in the third quarter valued at $103,000. Trent Capital Management Inc. NC acquired a new position in shares of Nustar GP during the second quarter valued at about $201,000. Alliancebernstein L.P. acquired a new position in shares of Nustar GP during the first quarter valued at about $233,000. Proficio Capital Partners LLC raised its holdings in shares of Nustar GP by 11.0% during the second quarter. Proficio Capital Partners LLC now owns 9,345 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 925 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Nustar GP during the second quarter valued at about $237,000. Institutional investors and hedge funds own 55.72% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 9th were issued a $0.545 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $2.18 annualized dividend and a yield of 14.68%. Nustar GP’s payout ratio is 109.55%.
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Nustar GP Company Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.
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