NuStar GP Holdings, LLC (NSH) Receives $24.80 Consensus PT from Analysts
NuStar GP Holdings, LLC (NYSE:NSH) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $23.50.
Several research firms recently issued reports on NSH. Mizuho restated a “hold” rating and set a $21.00 price objective on shares of NuStar GP Holdings in a research report on Friday. Barclays PLC cut their price objective on shares of NuStar GP Holdings from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS AG cut their price objective on shares of NuStar GP Holdings from $33.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Citigroup Inc. dropped their price target on shares of NuStar GP Holdings from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Finally, Zacks Investment Research cut shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th.
In other news, Director William E. Greehey purchased 20,279 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $20.85 per share, for a total transaction of $422,817.15. Following the completion of the purchase, the director now directly owns 8,716,559 shares of the company’s stock, valued at $181,740,255.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Greehey purchased 41,235 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was purchased at an average price of $21.09 per share, with a total value of $869,646.15. Following the purchase, the director now directly owns 8,762,396 shares of the company’s stock, valued at $184,798,931.64. The disclosure for this purchase can be found here. Insiders purchased 100,000 shares of company stock valued at $2,118,373 in the last quarter. 21.39% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA purchased a new position in NuStar GP Holdings in the third quarter worth approximately $103,000. Trent Capital Management Inc. NC acquired a new stake in NuStar GP Holdings during the second quarter worth approximately $201,000. Alliancebernstein L.P. acquired a new stake in NuStar GP Holdings during the first quarter worth approximately $233,000. Proficio Capital Partners LLC raised its holdings in NuStar GP Holdings by 11.0% during the second quarter. Proficio Capital Partners LLC now owns 9,345 shares of the pipeline company’s stock worth $214,000 after purchasing an additional 925 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in NuStar GP Holdings during the second quarter worth approximately $237,000. Institutional investors own 55.88% of the company’s stock.
Shares of NuStar GP Holdings (NYSE NSH) traded down $0.05 during midday trading on Monday, hitting $16.65. 92,100 shares of the stock were exchanged, compared to its average volume of 112,416. The firm has a market capitalization of $717.29, a PE ratio of 12.37 and a beta of 1.09. NuStar GP Holdings has a 1-year low of $16.00 and a 1-year high of $31.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 13.09%. The ex-dividend date is Wednesday, November 8th. NuStar GP Holdings’s payout ratio is 110.10%.
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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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