NuStar GP Holdings, LLC (NSH) Trading Up 2.6%
NuStar GP Holdings, LLC (NYSE:NSH)’s share price was up 2.6% during trading on Friday . The stock traded as high as $25.62 and last traded at $25.49, with a volume of 60,569 shares. The stock had previously closed at $24.85.
Several equities analysts have commented on NSH shares. Zacks Investment Research cut shares of NuStar GP Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Citigroup Inc. raised shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $29.00 in a research report on Friday. Barclays PLC lifted their target price on shares of NuStar GP Holdings from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 28th. Finally, TheStreet cut shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.67.
The company has a market cap of $1.09 billion and a P/E ratio of 17.79. The company has a 50 day moving average price of $24.24 and a 200-day moving average price of $22.22.
NuStar GP Holdings (NYSE:NSH) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. Equities analysts expect that NuStar GP Holdings, LLC will post $1.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date is Friday, August 5th.
In other NuStar GP Holdings news, Director William E. Greehey acquired 40,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were acquired at an average price of $25.15 per share, for a total transaction of $1,006,000.00. Following the completion of the acquisition, the director now owns 8,569,215 shares in the company, valued at $215,515,757.25. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in NuStar GP Holdings stock. Catalyst Capital Advisors LLC raised its position in NuStar GP Holdings, LLC (NYSE:NSH) by 42.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 74,296 shares of the company’s stock after buying an additional 22,043 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.17% of NuStar GP Holdings worth $1,571,000 as of its most recent SEC filing.
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.