Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Center Coast Capital Advisors Lp decreased Nustar Energy Lp (NS) stake by 2.9% reported in 2016Q4 SEC filing. McQueen Ball & Associates Inc. now owns 5,239 shares of the pipeline company's stock worth $272,000 after buying an additional 104 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Nustar GP Holdings by 2.6% in the first quarter. Infrastructure Capital Advisors LLC now owns 13,527 shares of the pipeline company's stock worth $703,000 after buying an additional 6,766 shares during the last quarter. Camelot Portfolios LLC's holdings in Nustar Energy L.P. were worth $210,000 at the end of the most recent quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 649,147 shares of the pipeline company's stock valued at $33,743,000 after buying an additional 11,040 shares during the period. The stock had a trading volume of 117,749 shares. JP Morgan maintained NuStar Energy L.P. (NYSE:NS) on Tuesday, March 15 with "Neutral" rating. Richard C. Young & CO. US Bancorp DE now owns 9,250 shares of the pipeline company's stock worth $481,000 after buying an additional 4,600 shares during the last quarter. Nustar GP Holdings has an average rating of Hold and an average target price of $28.33. (NYSE NS) opened at 41.44 on Thursday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 57.897 and a beta of 1.38. The stock has a 50 day moving average price of $45.46 and a 200-day moving average price of $48.89. Nustar GP Holdings has a 1-year low of $21.45 and a 1-year high of $31.50. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 26.26%. (NYSE:NS) last posted its quarterly earnings results on Monday, April 24th. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.03. Nustar Energy L.P. The business had revenue of $435.49 million during the quarter, compared to analyst estimates of $500.83 million. During the same quarter a year ago, the company earned $0.52 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, August 7th will be paid a $0.545 dividend. The ex-dividend date is Thursday, August 3rd. This dividend represents a yield of $9.89. Nustar Energy L.P.'s dividend payout ratio is now 608.33%.
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A number of equities research analysts recently weighed in on the company. Finally, Macquarie assumed coverage on shares of Nustar Energy L.P.in a research report on Friday, April 21st. Credit Suisse Group upgraded Nustar Energy L.P. from an "underperform" rating to a "neutral" rating in a research note on Thursday, April 13th. FBR & Co restated a "hold" rating on shares of Nustar Energy L.P.in a research report on Wednesday, April 12th.
According to Zacks, "NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom". One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company now has a consensus rating of "Hold" and an average price target of $51.00.
In other Nustar Energy L.P. news, Director Jesse D. Bates acquired 1,000 shares of the company's stock in a transaction on Wednesday, June 21st. The shares were purchased at an average cost of $42.81 per share, for a total transaction of $42,810.00. Following the completion of the acquisition, the director now directly owns 8,646,280 shares in the company, valued at $189,267,069.20. The stock was acquired at an average price of $43.34 per share, with a total value of $43,340.00. Hudson Valley Investment Advisors Inc Adv owns 435,990 shares or 3.01% of their U.S. portfolio. The disclosure for this purchase can be found here. Insiders have bought a total of 7,000 shares of company stock worth $318,150 in the last three months.