Regal Investment Advisors LLC lessened its holdings in shares of NuStar Energy L.P. (NYSE:NS) by 4.5% during the first quarter, Holdings Channel reports. The institutional investor owned 33,326 shares of the pipeline company’s stock after selling 1,587 shares during the quarter. Regal Investment Advisors LLC’s holdings in NuStar Energy were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC bought a new stake in shares of NuStar Energy during the fourth quarter valued at approximately $38,000. Covenant Multifamily Offices LLC bought a new stake in shares of NuStar Energy during the first quarter valued at approximately $193,000. Cetera Advisor Networks LLC raised its holdings in shares of NuStar Energy by 6.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 9,592 shares of the pipeline company’s stock valued at $201,000 after buying an additional 613 shares during the last quarter. Independent Advisor Alliance bought a new stake in NuStar Energy during the first quarter worth approximately $223,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in NuStar Energy during the first quarter worth approximately $251,000. 62.41% of the stock is currently owned by institutional investors.

NYSE:NS remained flat at $$27.22 during midday trading on Friday. The company had a trading volume of 335,556 shares, compared to its average volume of 443,008. NuStar Energy L.P. has a 1 year low of $19.81 and a 1 year high of $29.12. The company has a market capitalization of $2.93 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 20.49 and a beta of 1.76. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.63 and a current ratio of 0.70.

NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Friday, May 10th. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.18). The business had revenue of $486.50 million during the quarter, compared to analyst estimates of $542.91 million. NuStar Energy had a positive return on equity of 27.72% and a negative net margin of 10.05%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 EPS. On average, equities analysts predict that NuStar Energy L.P. will post 1.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Wednesday, May 8th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $2.40 annualized dividend and a yield of 8.82%. NuStar Energy’s dividend payout ratio (DPR) is 358.21%.

Several brokerages recently commented on NS. Zacks Investment Research raised NuStar Energy from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, May 14th. ValuEngine cut NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. cut NuStar Energy from a “neutral” rating to an “underweight” rating and set a $28.00 target price on the stock. in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. NuStar Energy currently has a consensus rating of “Hold” and an average price target of $27.67.

In other NuStar Energy news, Director William E. Greehey purchased 68,075 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $28.38 per share, for a total transaction of $1,931,968.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.90% of the company’s stock.

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About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. 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.

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Institutional Ownership by Quarter for NuStar Energy (NYSE:NS)

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