Sheaff Brock Investment Advisors LLC Purchases New Position in NuStar Energy L.P. (NS)
Sheaff Brock Investment Advisors LLC purchased a new position in shares of NuStar Energy L.P. (NYSE:NS) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,330 shares of the pipeline company’s stock, valued at approximately $259,000.
A number of other institutional investors and hedge funds have also bought and sold shares of NS. Prospera Financial Services Inc acquired a new stake in NuStar Energy during the third quarter worth $216,000. Chemical Bank acquired a new stake in NuStar Energy during the third quarter worth $218,000. Cambridge Investment Research Advisors Inc. acquired a new stake in NuStar Energy during the third quarter worth $229,000. HRT Financial LLC acquired a new stake in NuStar Energy during the second quarter worth $279,000. Finally, McQueen Ball & Associates Inc. acquired a new stake in NuStar Energy during the third quarter worth $312,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.
NuStar Energy stock opened at $23.70 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.87 and a quick ratio of 0.79. NuStar Energy L.P. has a 12-month low of $19.22 and a 12-month high of $35.91. The stock has a market capitalization of $2.58 billion, a P/E ratio of 37.03 and a beta of 1.73.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 10.13%. NuStar Energy’s dividend payout ratio is 375.00%.
NS has been the topic of several recent analyst reports. Barclays boosted their target price on shares of NuStar Energy from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 8th. ValuEngine downgraded shares of NuStar Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Stifel Nicolaus boosted their target price on shares of NuStar Energy from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of NuStar Energy from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 24th. Finally, Citigroup boosted their target price on shares of NuStar Energy from $22.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.88.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2018/11/21/sheaff-brock-investment-advisors-llc-purchases-new-position-in-nustar-energy-l-p-ns.html.
NuStar Energy Profile
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.
Further Reading: How accurate is the Rule of 72?
Want to see what other hedge funds are holding NS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NuStar Energy L.P. (NYSE:NS).
Receive News & Ratings for NuStar Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuStar Energy and related companies with MarketBeat.com's FREE daily email newsletter.