Obermeyer Wood Investment Counsel Lllp continued to hold its position in shares of Nustar GP Holdings, LLC (NYSE:NSH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,200 shares of the pipeline company’s stock at the end of the second quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Nustar GP Holdings were worth $323,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its position 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 worth $209,355,000 after buying an additional 133,894 shares in the last quarter. Center Coast Capital Advisors LP raised its position in Nustar GP Holdings by 6.3% in the first quarter. Center Coast Capital Advisors LP now owns 1,097,709 shares of the pipeline company’s stock valued at $30,681,000 after buying an additional 64,886 shares during the period. Atlantic Trust Group LLC raised its position in Nustar GP Holdings by 1.2% in the first quarter. Atlantic Trust Group LLC now owns 1,063,910 shares of the pipeline company’s stock valued at $29,736,000 after buying an additional 13,089 shares during the period. Catalyst Capital Advisors LLC raised its position in Nustar GP Holdings by 9.2% in the second quarter. Catalyst Capital Advisors LLC now owns 425,776 shares of the pipeline company’s stock valued at $10,410,000 after buying an additional 35,911 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Nustar GP Holdings by 18.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 400,778 shares of the pipeline company’s stock valued at $11,202,000 after buying an additional 62,420 shares during the period. Hedge funds and other institutional investors own 55.92% of the company’s stock.

Shares of Nustar GP Holdings, LLC (NYSE:NSH) opened at 21.65 on Tuesday. Nustar GP Holdings, LLC has a 52-week low of $21.30 and a 52-week high of $31.50. The stock has a 50 day moving average of $23.49 and a 200-day moving average of $26.44. The stock has a market capitalization of $929.89 million, a price-to-earnings ratio of 10.16 and a beta of 1.18.

Nustar GP Holdings (NYSE:NSH) last posted its earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.21. The company had revenue of $10.96 million during the quarter, compared to analyst estimates of $16.22 million. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. On average, equities research analysts predict that Nustar GP Holdings, LLC will post $1.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be given 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 10.07%. Nustar GP Holdings’s payout ratio is currently 102.83%.

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Several equities analysts have recently weighed in on the stock. Macquarie assumed coverage on shares of Nustar GP Holdings in a research report on Friday, April 21st. They set a “neutral” rating and a $26.00 price objective for the company. TheStreet upgraded shares of Nustar GP Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a report on Saturday, July 29th. Credit Suisse Group raised their target price on shares of Nustar GP Holdings from $27.00 to $28.00 and gave the stock an “underperform” rating in a report on Tuesday, April 18th. Finally, Wells Fargo & Company upgraded shares of Nustar GP Holdings from a “market perform” rating to an “outperform” rating in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Nustar GP Holdings has an average rating of “Hold” and a consensus price target of $28.33.

In other Nustar GP Holdings news, Director William E. Greehey acquired 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $22.04 per share, for a total transaction of $165,300.00. Following the transaction, the director now owns 8,696,280 shares of the company’s stock, valued at $191,666,011.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Greehey acquired 6,423 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $22.01 per share, with a total value of $141,370.23. Following the completion of the transaction, the director now directly owns 8,646,280 shares in the company, valued at approximately $190,304,622.80. The disclosure for this purchase can be found here. Insiders have bought a total of 73,086 shares of company stock valued at $1,597,498 over the last 90 days. Corporate insiders own 21.39% of the company’s stock.

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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Institutional Ownership by Quarter for Nustar GP Holdings (NYSE:NSH)

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