NuStar GP Holdings, LLC (NYSE:NSH) has earned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.00.
Several research analysts have recently commented on the stock. Mizuho set a $16.00 price target on shares of NuStar GP and gave the company a “hold” rating in a report on Friday, February 9th. Zacks Investment Research lowered shares of NuStar GP from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup lowered shares of NuStar GP from a “buy” rating to a “neutral” rating in a research note on Friday, February 2nd. ValuEngine lowered shares of NuStar GP from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, B. Riley assumed coverage on shares of NuStar GP in a research note on Friday, January 26th. They set a “buy” rating and a $20.00 target price for the company.
A number of institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in NuStar GP by 293.2% during the 4th quarter. Deutsche Bank AG now owns 279,049 shares of the pipeline company’s stock valued at $4,381,000 after purchasing an additional 208,084 shares during the period. Renaissance Technologies LLC boosted its stake in NuStar GP by 140.4% during the 4th quarter. Renaissance Technologies LLC now owns 162,500 shares of the pipeline company’s stock valued at $2,551,000 after purchasing an additional 94,900 shares during the period. Brown Advisory Inc. boosted its stake in NuStar GP by 70.0% during the 4th quarter. Brown Advisory Inc. now owns 17,000 shares of the pipeline company’s stock valued at $267,000 after purchasing an additional 7,000 shares during the period. Virtu Financial LLC acquired a new position in NuStar GP during the 4th quarter valued at about $368,000. Finally, Covenant Multifamily Offices LLC acquired a new position in NuStar GP during the 4th quarter valued at about $131,000. 58.70% of the stock is owned by hedge funds and other institutional investors.
NuStar GP (NYSE:NSH) last posted its quarterly earnings results on Thursday, February 8th. The pipeline company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.12). NuStar GP had a net margin of 168.31% and a return on equity of 23.49%. The business had revenue of $10.30 million during the quarter, compared to analyst estimates of $12.68 million. sell-side analysts expect that NuStar GP will post 1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 16.64%. The ex-dividend date of this dividend is Wednesday, February 7th. NuStar GP’s payout ratio is 108.46%.
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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