Analysts Set NuStar GP Holdings, LLC (NSH) PT at $25.25
Shares of NuStar GP Holdings, LLC (NYSE:NSH) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $25.25.
NSH has been the topic of a number of recent research reports. Mizuho initiated coverage on NuStar GP Holdings in a research note on Thursday, September 29th. They set a “neutral” rating and a $26.00 price target on the stock. Zacks Investment Research lowered NuStar GP Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Citigroup Inc. raised NuStar GP Holdings from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $29.00 in a research note on Friday, August 12th. US Capital Advisors restated a “hold” rating on shares of NuStar GP Holdings in a research report on Wednesday, September 21st. Finally, TheStreet downgraded NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd.
NuStar GP Holdings (NYSE:NSH) opened at 25.70 on Wednesday. The firm’s 50-day moving average price is $24.76 and its 200-day moving average price is $24.71. NuStar GP Holdings has a 52-week low of $12.86 and a 52-week high of $27.07. The firm has a market cap of $1.10 billion, a P/E ratio of 17.82 and a beta of 1.02.
NuStar GP Holdings (NYSE:NSH) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Equities research analysts expect that NuStar GP Holdings will post $1.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th were issued a $0.545 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.18 dividend on an annualized basis and a yield of 8.48%.
In other NuStar GP Holdings news, Director James F. Clingman sold 5,550 shares of NuStar GP Holdings stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $25.35, for a total value of $140,692.50. Following the completion of the sale, the director now directly owns 40,947 shares in the company, valued at $1,038,006.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Large investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in shares of NuStar GP Holdings by 50.0% in the third quarter. D.A. Davidson & CO. now owns 4,500 shares of the company’s stock worth $115,000 after buying an additional 1,500 shares during the last quarter. IFP Advisors Inc increased its stake in shares of NuStar GP Holdings by 4.1% in the second quarter. IFP Advisors Inc now owns 5,056 shares of the company’s stock worth $130,000 after buying an additional 200 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of NuStar GP Holdings during the third quarter worth $143,000. Beach Investment Counsel Inc. PA acquired a new stake in shares of NuStar GP Holdings during the second quarter worth $203,000. Finally, Cannell Peter B & Co. Inc. acquired a new stake in shares of NuStar GP Holdings during the second quarter worth $210,000.
NuStar GP Holdings Company Profile
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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