SG Americas Securities LLC Trims Stake in NuStar Energy L.P. (NS)

SG Americas Securities LLC cut its stake in shares of NuStar Energy L.P. (NYSE:NS) by 36.5% in the 4th quarter, HoldingsChannel reports. The fund owned 36,369 shares of the pipeline company’s stock after selling 20,923 shares during the quarter. SG Americas Securities LLC’s holdings in NuStar Energy were worth $761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC bought a new stake in shares of NuStar Energy during the 4th quarter worth $38,000. Prospera Financial Services Inc bought a new stake in shares of NuStar Energy during the 3rd quarter worth $216,000. Chemical Bank bought a new stake in shares of NuStar Energy during the 3rd quarter worth $218,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of NuStar Energy during the 3rd quarter worth $229,000. Finally, Independent Advisor Alliance bought a new stake in shares of NuStar Energy during the 3rd quarter worth $231,000. 59.75% of the stock is owned by institutional investors and hedge funds.

NS opened at $26.28 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of 17.23 and a beta of 1.76. NuStar Energy L.P. has a 12-month low of $19.22 and a 12-month high of $29.12. The company has a quick ratio of 0.79, a current ratio of 0.87 and a debt-to-equity ratio of 2.12.

NuStar Energy (NYSE:NS) last released its earnings results on Thursday, January 31st. The pipeline company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). The business had revenue of $509.31 million during the quarter, compared to analysts’ expectations of $463.69 million. NuStar Energy had a net margin of 10.49% and a return on equity of 37.38%. Sell-side analysts anticipate that NuStar Energy L.P. will post 1.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 13th. Stockholders of record on Friday, February 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.13%. NuStar Energy’s payout ratio is currently 358.21%.

In related news, SVP Alamo Jorge A. Del sold 2,300 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $26.69, for a total transaction of $61,387.00. Following the completion of the sale, the senior vice president now directly owns 37,796 shares in the company, valued at $1,008,775.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William E. Greehey acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average price of $22.98 per share, with a total value of $2,298,000.00. Following the completion of the acquisition, the director now owns 9,058,682 shares of the company’s stock, valued at approximately $208,168,512.36. The disclosure for this purchase can be found here. Insiders sold 19,424 shares of company stock valued at $514,283 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Several equities research analysts have recently weighed in on the company. ValuEngine raised NuStar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. US Capital Advisors restated a “hold” rating on shares of NuStar Energy in a report on Wednesday, January 16th. Zacks Investment Research lowered NuStar Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, January 21st. UBS Group lowered NuStar Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Finally, Bank of America assumed coverage on NuStar Energy in a report on Friday, January 11th. They issued a “neutral” rating and a $27.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.67.

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About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

Further Reading: What does cost of debt say about a company’s financial health?

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Institutional Ownership by Quarter for NuStar Energy (NYSE:NS)

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