NuStar GP (NSH) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of NuStar GP (NYSE:NSH) from a hold rating to a buy rating in a research report sent to investors on Wednesday. The brokerage currently has $14.00 price target on the pipeline company’s stock.
According to Zacks, “NUSTAR GP HOLDINGS is a publicly traded limited liability company that owns the two percent general partner interest, a 18.4 percent limited partner interest and the incentive distribution rights in NuStar Energy L.P.They are one of the largest asphalt refiners and marketers and independent terminal and petroleum liquids pipeline operators in the nation with operations in the United States, Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. “
A number of other equities research analysts have also issued reports on NSH. Mizuho set a $16.00 price objective on shares of NuStar GP and gave the company a hold rating in a report on Friday, February 9th. Citigroup downgraded NuStar GP from a buy rating to a neutral rating in a research report on Friday, February 2nd. ValuEngine downgraded NuStar GP from a buy rating to a hold rating in a research report on Friday, February 2nd. B. Riley initiated coverage on NuStar GP in a research report on Friday, January 26th. They set a buy rating and a $20.00 target price for the company. Finally, Barclays decreased their target price on NuStar GP from $22.00 to $21.00 and set an equal weight rating for the company in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $20.38.
NuStar GP (NYSE:NSH) last released its earnings results on Thursday, February 8th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.12). The firm had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $12.68 million. NuStar GP had a return on equity of 23.49% and a net margin of 168.31%. sell-side analysts expect that NuStar GP will post 1.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th were paid a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.18 annualized dividend and a yield of 19.82%. NuStar GP’s dividend payout ratio (DPR) is presently 105.83%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Catalyst Capital Advisors LLC grew its stake in shares of NuStar GP by 30.4% during the third quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock worth $12,215,000 after acquiring an additional 129,437 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of NuStar GP by 13.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock worth $10,476,000 after acquiring an additional 57,985 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of NuStar GP by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock worth $3,540,000 after acquiring an additional 81,046 shares during the last quarter. Center Coast Capital Advisors LP grew its stake in shares of NuStar GP by 101.2% during the fourth quarter. Center Coast Capital Advisors LP now owns 2,366,294 shares of the pipeline company’s stock worth $37,151,000 after acquiring an additional 1,190,451 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of NuStar GP by 97.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,090 shares of the pipeline company’s stock worth $795,000 after acquiring an additional 17,774 shares during the last quarter. Institutional investors own 55.53% of the company’s stock.
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About NuStar GP
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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