A number of other analysts have also issued reports on the company. Zacks Investment Research upgraded NuStar GP Holdings from a sell rating to a hold rating in a report on Thursday, February 2nd. Citigroup Inc lowered NuStar GP Holdings from a buy rating to a neutral rating and set a $31.00 price target for the company. in a report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. NuStar GP Holdings currently has a consensus rating of Hold and a consensus target price of $28.33.
NuStar GP Holdings (NYSE:NSH) traded up 1.55% during midday trading on Friday, hitting $26.25. The stock had a trading volume of 80,447 shares. The company has a market cap of $1.13 billion, a P/E ratio of 20.40 and a beta of 1.12. The firm’s 50-day moving average price is $27.00 and its 200 day moving average price is $27.78. NuStar GP Holdings has a 12 month low of $22.30 and a 12 month high of $31.50.
NuStar GP Holdings (NYSE:NSH) last released its earnings results on Monday, April 24th. The pipeline company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $18.11 million for the quarter, compared to analysts’ expectations of $17.83 million. NuStar GP Holdings had a return on equity of 20.86% and a net margin of 98.17%. On average, analysts expect that NuStar GP Holdings will post $1.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Shareholders of record on Monday, May 8th were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 8.43%. The ex-dividend date was Thursday, May 4th. NuStar GP Holdings’s dividend payout ratio is currently 170.31%.
A number of large investors have recently made changes to their positions in NSH. Neuberger Berman Group LLC increased its stake in shares of NuStar GP Holdings by 1.8% in the first quarter. Neuberger Berman Group LLC now owns 7,490,326 shares of the pipeline company’s stock valued at $209,355,000 after buying an additional 133,894 shares in the last quarter. Trent Capital Management Inc. NC bought a new stake in shares of NuStar GP Holdings during the fourth quarter valued at $3,169,000. Center Coast Capital Advisors LP increased its stake in shares of NuStar GP Holdings by 8.2% in the third quarter. Center Coast Capital Advisors LP now owns 1,160,004 shares of the pipeline company’s stock valued at $29,673,000 after buying an additional 88,092 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of NuStar GP Holdings by 24.7% in the first quarter. Catalyst Capital Advisors LLC now owns 389,865 shares of the pipeline company’s stock valued at $10,897,000 after buying an additional 77,153 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its stake in shares of NuStar GP Holdings by 120.3% in the first quarter. HITE Hedge Asset Management LLC now owns 128,440 shares of the pipeline company’s stock valued at $3,590,000 after buying an additional 70,128 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors.
About NuStar GP Holdings
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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