Infrastructure Capital Advisors LLC decreased its position in NuStar Energy L.P. (NYSE:NS – Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,026,915 shares of the pipeline company’s stock after selling 38,977 shares during the period. NuStar Energy makes up approximately 3.6% of Infrastructure Capital Advisors LLC’s holdings, making the stock its 7th biggest position. Infrastructure Capital Advisors LLC owned 1.83% of NuStar Energy worth $31,701,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of NS. Invesco Ltd. raised its position in NuStar Energy by 6.5% in the 1st quarter. Invesco Ltd. now owns 15,954,362 shares of the pipeline company’s stock worth $230,061,000 after buying an additional 975,659 shares during the last quarter. Alps Advisors Inc. raised its position in NuStar Energy by 4.5% in the 4th quarter. Alps Advisors Inc. now owns 14,852,307 shares of the pipeline company’s stock worth $237,637,000 after buying an additional 643,843 shares during the last quarter. Neuberger Berman Group LLC raised its position in NuStar Energy by 75.7% in the 4th quarter. Neuberger Berman Group LLC now owns 934,285 shares of the pipeline company’s stock worth $14,949,000 after buying an additional 402,416 shares during the last quarter. UBS Group AG raised its position in NuStar Energy by 20.9% in the 1st quarter. UBS Group AG now owns 1,437,912 shares of the pipeline company’s stock worth $22,489,000 after buying an additional 248,974 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in NuStar Energy by 35.9% in the 1st quarter. Clearbridge Investments LLC now owns 786,680 shares of the pipeline company’s stock worth $11,344,000 after buying an additional 208,000 shares during the last quarter. Institutional investors own 56.35% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Stifel Nicolaus decreased their target price on NuStar Energy from $21.00 to $20.00 in a research report on Friday, August 11th. Barclays upped their price target on shares of NuStar Energy from $18.00 to $19.00 in a research report on Tuesday, July 18th. StockNews.com started coverage on shares of NuStar Energy in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, TheStreet raised shares of NuStar Energy from a “c+” rating to a “b” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.33.
NuStar Energy Trading Up 0.8 %
NuStar Energy stock opened at $16.89 on Friday. The firm has a 50 day moving average of $16.86 and a 200 day moving average of $16.39. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 21.38 and a beta of 1.80. NuStar Energy L.P. has a 12-month low of $12.80 and a 12-month high of $18.16. The company has a current ratio of 0.92, a quick ratio of 0.86 and a debt-to-equity ratio of 29.29.
NuStar Energy (NYSE:NS – Get Free Report) last released its earnings results on Thursday, August 3rd. The pipeline company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm had revenue of $378.33 million during the quarter, compared to analysts’ expectations of $372.52 million. NuStar Energy had a return on equity of 162.85% and a net margin of 18.78%. As a group, research analysts predict that NuStar Energy L.P. will post 0.79 earnings per share for the current year.
NuStar Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 9.47%. The ex-dividend date was Monday, August 7th. NuStar Energy’s dividend payout ratio is 202.53%.
About NuStar Energy
NuStar Energy L.P. engages in the transportation terminalling and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.
Featured Stories
- Five stocks we like better than NuStar Energy
- How Investors Can Identify and Successfully Trade Gap-Up Stocks
- The Best 5 Small Cap AI Companies to Buy Now
- How to Use the MarketBeat Stock Split Calculator
- Miso Robotics Stock: Is an IPO Coming Soon?
- CD Calculator: Certificate of Deposit Calculator
- 3 Stocks to Play the Easing Food Supply Chain
Want to see what other hedge funds are holding NS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NuStar Energy L.P. (NYSE:NS – Free Report).
Receive News & Ratings for NuStar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar Energy and related companies with MarketBeat.com's FREE daily email newsletter.
