Wells Fargo & Company MN reduced its position in Nustar GP Holdings, LLC (NYSE:NSH) by 20.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,474 shares of the pipeline company’s stock after selling 4,366 shares during the period. Wells Fargo & Company MN’s holdings in Nustar GP Holdings were worth $488,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. boosted its position in Nustar GP Holdings by 12.2% in the first quarter. Cullen Frost Bankers Inc. now owns 15,651 shares of the pipeline company’s stock worth $437,000 after buying an additional 1,700 shares during the last quarter. Waldron LP bought a new stake in shares of Nustar GP Holdings during the first quarter worth $559,000. McQueen Ball & Associates Inc. raised its stake in shares of Nustar GP Holdings by 1.8% in the first quarter. McQueen Ball & Associates Inc. now owns 7,640 shares of the pipeline company’s stock worth $214,000 after buying an additional 136 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in shares of Nustar GP Holdings by 1,074.1% in the fourth quarter. Brookfield Asset Management Inc. now owns 68,100 shares of the pipeline company’s stock worth $1,968,000 after buying an additional 62,300 shares during the last quarter. Institutional investors own 55.96% of the company’s stock.

Nustar GP Holdings, LLC (NSH) remained flat at $22.05 during trading on Monday. The company had a trading volume of 38,891 shares. Nustar GP Holdings, LLC has a 12 month low of $21.85 and a 12 month high of $31.50. The company has a market cap of $947.07 million, a price-to-earnings ratio of 10.35 and a beta of 1.18. The firm has a 50-day moving average price of $23.87 and a 200-day moving average price of $26.97.

Nustar GP Holdings (NYSE:NSH) last posted its earnings results on Friday, July 28th. The pipeline company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.21. The firm had revenue of $10.96 million during the quarter, compared to analyst estimates of $16.22 million. Nustar GP Holdings had a net margin of 176.62% and a return on equity of 26.26%. Equities research analysts anticipate that Nustar GP Holdings, LLC will post $1.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 9.89%. The ex-dividend date of this dividend is Thursday, August 3rd. Nustar GP Holdings’s dividend payout ratio (DPR) is 102.83%.

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Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Nustar GP Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. TheStreet raised shares of Nustar GP Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 25th. Zacks Investment Research raised shares of Nustar GP Holdings from a “strong sell” rating to a “hold” rating in a report on Saturday, July 29th. Wells Fargo & Company raised shares of Nustar GP Holdings from a “market perform” rating to an “outperform” rating in a report on Friday, April 21st. Finally, Macquarie assumed coverage on shares of Nustar GP Holdings in a report on Friday, April 21st. They set a “neutral” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.33.

About Nustar GP Holdings

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.

Institutional Ownership by Quarter for Nustar GP Holdings (NYSE:NSH)

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