NuStar GP Holdings, LLC (NSH) Trading Up 4.7%
NuStar GP Holdings, LLC (NYSE:NSH) shares were up 4.7% on Thursday . The stock traded as high as $24.91 and last traded at $24.73, with a volume of 84,636 shares traded. The stock had previously closed at $23.62.
A number of analysts recently commented on NSH shares. Barclays PLC boosted their target price on NuStar GP Holdings from $22.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, April 28th. Zacks Investment Research raised NuStar GP Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Saturday, April 30th. Finally, TheStreet lowered NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. NuStar GP Holdings currently has a consensus rating of “Hold” and a consensus price target of $28.60.
The stock’s 50-day moving average price is $24.44 and its 200-day moving average price is $21.83. The company has a market capitalization of $1.06 billion and a price-to-earnings ratio of 17.18.
NuStar GP Holdings (NYSE:NSH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. Analysts expect that NuStar GP Holdings, LLC will post $1.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th will be issued a dividend of $0.545 per share. The ex-dividend date is Friday, August 5th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 8.85%.
In other news, Director William E. Greehey bought 40,000 shares of the company’s stock in a transaction dated Wednesday, June 29th. The stock was bought at an average cost 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 approximately $215,515,757.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A hedge fund recently raised its stake in NuStar GP Holdings stock. Atlantic Trust Group LLC boosted its position in NuStar GP Holdings, LLC (NYSE:NSH) by 68.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 919,330 shares of the company’s stock after buying an additional 374,874 shares during the period. Atlantic Trust Group LLC owned approximately 2.14% of NuStar GP Holdings worth $19,444,000 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.
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