BidaskClub Lowers Nustar GP Holdings, LLC (NSH) to Strong Sell
BidaskClub cut shares of Nustar GP Holdings, LLC (NYSE:NSH) from a sell rating to a strong sell rating in a research report report published on Friday.
Other research analysts also recently issued reports about the company. TheStreet upgraded Nustar GP Holdings from a c+ rating to a b rating in a research note on Thursday, May 25th. Barclays PLC reaffirmed a hold rating on shares of Nustar GP Holdings in a report on Friday, April 14th. Wells Fargo & Company cut Nustar GP Holdings from an outperform rating to a market perform rating in a report on Monday, July 17th. Macquarie initiated coverage on Nustar GP Holdings in a report on Friday, April 21st. They set a neutral rating and a $26.00 price objective on the stock. Finally, Zacks Investment Research cut Nustar GP Holdings from a hold rating to a sell rating in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Nustar GP Holdings currently has a consensus rating of Hold and a consensus price target of $28.33.
Nustar GP Holdings (NSH) traded up 0.40% on Friday, hitting $22.69. 13,367 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $23.92 and a 200-day moving average price of $27.02. Nustar GP Holdings has a 12 month low of $22.20 and a 12 month high of $31.50. The stock has a market cap of $974.56 million, a P/E ratio of 17.63 and a beta of 1.20.
Nustar GP Holdings (NYSE:NSH) last posted its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.21. Nustar GP Holdings had a return on equity of 26.26% and a net margin of 176.62%. The business had revenue of $10.96 million during the quarter, compared to the consensus estimate of $16.22 million. Equities analysts predict that Nustar GP Holdings will post $1.46 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.545 per share. The ex-dividend date is Thursday, August 3rd. This represents a $2.18 annualized dividend and a dividend yield of 9.65%. Nustar GP Holdings’s dividend payout ratio (DPR) is 102.83%.
Several hedge funds have recently modified their holdings of the company. Brookfield Asset Management Inc. boosted its stake in shares of Nustar GP Holdings by 1,074.1% in the fourth quarter. Brookfield Asset Management Inc. now owns 68,100 shares of the pipeline company’s stock valued at $1,968,000 after buying an additional 62,300 shares during the period. McQueen Ball & Associates Inc. boosted its stake in shares of Nustar GP Holdings by 1.8% in the first quarter. McQueen Ball & Associates Inc. now owns 7,640 shares of the pipeline company’s stock valued at $214,000 after buying an additional 136 shares during the period. Waldron LP purchased a new stake in shares of Nustar GP Holdings during the first quarter valued at about $559,000. Cullen Frost Bankers Inc. boosted its stake in shares of Nustar GP Holdings by 12.2% in the first quarter. Cullen Frost Bankers Inc. now owns 15,651 shares of the pipeline company’s stock valued at $437,000 after buying an additional 1,700 shares during the period. Finally, HITE Hedge Asset Management LLC boosted 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 during the period. 55.94% of the stock is currently owned by institutional investors and hedge funds.
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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