NuStar GP Holdings, LLC (NSH) Trading Up 4.7%
NuStar GP Holdings, LLC (NYSE:NSH)’s share price was up 4.7% during trading on Thursday . The stock traded as high as $24.91 and last traded at $24.73, with a volume of 84,636 shares changing hands. The stock had previously closed at $23.62.
Several equities analysts have recently commented on NSH shares. Barclays PLC started coverage on NuStar GP Holdings in a research report on Wednesday, April 13th. They set an “equal weight” rating and a $22.00 price objective on the stock. Zacks Investment Research lowered NuStar GP Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, TheStreet lowered NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.60.
The firm has a market capitalization of $1.04 billion and a price-to-earnings ratio of 16.82. The firm has a 50 day moving average of $24.40 and a 200-day moving average of $21.84.
NuStar GP Holdings (NYSE:NSH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. On average, equities analysts forecast that NuStar GP Holdings, LLC will post $1.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th will be given a $0.545 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $2.18 annualized dividend and a dividend yield of 9.04%.
In other NuStar GP Holdings news, Director William E. Greehey acquired 40,000 shares of the stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average cost of $25.15 per share, for a total transaction of $1,006,000.00. Following the completion of the transaction, the director now directly owns 8,569,215 shares of the company’s stock, valued at $215,515,757.25. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
An institutional investor recently raised its position in NuStar GP Holdings stock. Catalyst Capital Advisors LLC raised its stake in shares of NuStar GP Holdings, LLC (NYSE:NSH) by 42.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,296 shares of the company’s stock after buying an additional 22,043 shares during the period. Catalyst Capital Advisors LLC owned about 0.17% of NuStar GP Holdings worth $1,571,000 at the end of the most recent reporting period.
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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