Zacks Investment Research Downgrades NuStar GP (NSH) to Hold

Zacks Investment Research lowered shares of NuStar GP (NYSE:NSH) from a buy rating to a hold rating in a research report released on Saturday morning.

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 analysts have also issued reports on NSH. Mizuho set a $16.00 target price on shares of NuStar GP and gave the company a hold rating in a research report on Friday, February 9th. Citigroup lowered shares of NuStar GP from a buy rating to a neutral rating in a research report on Friday, February 2nd. ValuEngine lowered shares of NuStar GP from a buy rating to a hold rating in a research report on Friday, February 2nd. B. Riley began coverage on shares of NuStar GP in a research report on Friday, January 26th. They issued a buy rating and a $20.00 target price for the company. Finally, Barclays decreased their target price on shares of 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. The stock has an average rating of Hold and an average target price of $20.50.

Shares of NuStar GP (NYSE:NSH) opened at $12.95 on Friday. NuStar GP has a twelve month low of $12.51 and a twelve month high of $30.60. The firm has a market cap of $556.24, a PE ratio of 9.38 and a beta of 1.02.

NuStar GP (NYSE:NSH) last released its quarterly earnings data on Thursday, February 8th. The pipeline company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.12). NuStar GP had a return on equity of 23.49% and a net margin of 168.31%. The firm had revenue of $10.30 million during the quarter, compared to analyst estimates of $12.68 million. research analysts predict that NuStar GP will post 1.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 8th were given a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.18 dividend on an annualized basis and a yield of 16.83%. NuStar GP’s dividend payout ratio is presently 108.46%.

Several large investors have recently bought and sold shares of the company. Center Coast Capital Advisors LP boosted its position in shares of NuStar GP by 101.2% during the 4th quarter. Center Coast Capital Advisors LP now owns 2,366,294 shares of the pipeline company’s stock valued at $37,151,000 after purchasing an additional 1,190,451 shares in the last quarter. Brookfield Asset Management Inc. boosted its position in shares of NuStar GP by 1,116.1% during the 4th quarter. Brookfield Asset Management Inc. now owns 1,237,980 shares of the pipeline company’s stock valued at $19,436,000 after purchasing an additional 1,136,180 shares in the last quarter. Atlantic Trust Group LLC boosted its position in shares of NuStar GP by 14.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,213,910 shares of the pipeline company’s stock valued at $26,706,000 after purchasing an additional 150,000 shares in the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of NuStar GP by 38.1% during the 4th quarter. Catalyst Capital Advisors LLC now owns 767,007 shares of the pipeline company’s stock valued at $12,042,000 after purchasing an additional 211,794 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of NuStar GP by 13.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock valued at $10,476,000 after purchasing an additional 57,985 shares in the last quarter. Institutional investors own 58.70% of the company’s stock.

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NuStar GP Company Profile

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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