NuStar GP Holdings, LLC (NSH) Stock Price Up 2.6%
NuStar GP Holdings, LLC (NYSE:NSH)’s share price rose 2.6% on Friday . The stock traded as high as $25.62 and last traded at $25.49, with a volume of 60,569 shares trading hands. The stock had previously closed at $24.85.
Several brokerages recently commented on NSH. Citigroup Inc. raised shares of NuStar GP Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $29.00 in a report on Friday. Zacks Investment Research cut shares of NuStar GP Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. 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 note on Thursday, April 28th. Finally, TheStreet cut shares of NuStar GP Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.67.
The company has a market cap of $1.09 billion and a P/E ratio of 17.79. The company’s 50-day moving average price is $24.24 and its 200-day moving average price is $22.22.
NuStar GP Holdings (NYSE:NSH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. Equities analysts forecast that NuStar GP Holdings, LLC will post $1.53 EPS for the current fiscal year.
The company also recently declared 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. This represents a $2.18 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, August 5th.
In other news, Director William E. Greehey purchased 40,000 shares of the company’s stock in a transaction dated Wednesday, June 29th. The stock was acquired at an average price 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 in the company, valued at approximately $215,515,757.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
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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