NSH has been the subject of several other research reports. UBS AG cut their price objective on 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. Zacks Investment Research cut NuStar GP Holdings from a hold rating to a sell rating in a report on Thursday, September 28th. BidaskClub raised NuStar GP Holdings from a strong sell rating to a sell rating in a report on Friday, August 25th. Citigroup Inc. cut their price target on NuStar GP Holdings from $30.00 to $24.00 and set a buy rating for the company in a report on Tuesday, October 10th. Finally, Barclays PLC cut their price target on NuStar GP Holdings from $22.00 to $21.00 and set an equal weight rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. NuStar GP Holdings has an average rating of Hold and an average price target of $23.50.
NuStar GP Holdings (NYSE:NSH) traded down $0.05 during midday trading on Friday, hitting $16.65. The company had a trading volume of 92,100 shares, compared to its average volume of 112,416. NuStar GP Holdings has a fifty-two week low of $16.00 and a fifty-two week high of $31.50. The firm has a market cap of $717.29, a PE ratio of 12.37 and a beta of 1.09.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 9th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $2.18 annualized dividend and a yield of 13.09%. NuStar GP Holdings’s dividend payout ratio (DPR) is 110.10%.
In related news, Director William E. Greehey acquired 20,279 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $20.85 per share, for a total transaction of $422,817.15. Following the purchase, the director now owns 8,716,559 shares in the company, valued at approximately $181,740,255.15. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William E. Greehey acquired 41,235 shares of the stock in a transaction dated Thursday, August 31st. The stock was bought at an average price of $21.09 per share, for a total transaction of $869,646.15. Following the completion of the purchase, the director now owns 8,762,396 shares in the company, valued at approximately $184,798,931.64. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 100,000 shares of company stock valued at $2,118,373. Insiders own 21.39% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NSH. Catalyst Capital Advisors LLC grew its stake in shares of NuStar GP Holdings by 30.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock valued at $12,215,000 after purchasing an additional 129,437 shares during the period. Center Coast Capital Advisors LP grew its stake in shares of NuStar GP Holdings by 8.9% in the 3rd quarter. Center Coast Capital Advisors LP now owns 1,175,843 shares of the pipeline company’s stock valued at $25,869,000 after purchasing an additional 96,298 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NuStar GP Holdings by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock valued at $3,540,000 after purchasing an additional 81,046 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of NuStar GP Holdings by 13.9% in 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 during the period. Finally, Bank of Montreal Can bought a new stake in shares of NuStar GP Holdings in the 2nd quarter valued at approximately $1,406,000. Institutional investors own 55.88% of the company’s stock.
NuStar GP Holdings 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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