Nustar GP Holdings, LLC (NSH) Plans $0.55 Quarterly Dividend
Nustar GP Holdings, LLC (NYSE:NSH) announced a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Investors of record on Thursday, November 9th will be paid a dividend of 0.545 per share by the pipeline company on Thursday, November 16th. This represents a $2.18 dividend on an annualized basis and a yield of 11.85%. The ex-dividend date of this dividend is Wednesday, November 8th.
Nustar GP Holdings has a payout ratio of 94.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Nustar GP Holdings to earn $1.53 per share next year, which means the company may not be able to cover its $2.18 annual dividend with an expected future payout ratio of 142.5%.
Shares of Nustar GP Holdings (NYSE:NSH) traded up 0.55% during midday trading on Thursday, reaching $18.40. The company had a trading volume of 179,304 shares. The company has a 50 day moving average of $21.24 and a 200 day moving average of $23.75. Nustar GP Holdings has a 12-month low of $18.10 and a 12-month high of $31.50. The firm has a market capitalization of $790.30 million, a price-to-earnings ratio of 8.63 and a beta of 1.19.
Nustar GP Holdings (NYSE:NSH) last released its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.35 by $0.21. Nustar GP Holdings had a return on equity of 25.68% and a net margin of 176.62%. The company had revenue of $10.96 million for the quarter, compared to analysts’ expectations of $16.22 million. Analysts anticipate that Nustar GP Holdings will post $2.29 EPS for the current year.
Several equities research analysts recently commented on NSH shares. BidaskClub raised Nustar GP Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research cut Nustar GP Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Credit Suisse Group set a $28.00 price objective on Nustar GP Holdings and gave the company a “hold” rating in a research report on Sunday, July 30th. Citigroup Inc. dropped their target price on Nustar GP Holdings from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Finally, UBS AG dropped their target price on Nustar GP Holdings from $33.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.60.
In other news, Director William E. Greehey bought 6,423 shares of the company’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $22.01 per share, with a total value of $141,370.23. Following the completion of the transaction, the director now owns 8,646,280 shares of the company’s stock, valued at approximately $190,304,622.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William E. Greehey bought 20,279 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of $20.85 per share, for a total transaction of $422,817.15. Following the completion of the transaction, the director now directly owns 8,716,559 shares of the company’s stock, valued at approximately $181,740,255.15. The disclosure for this purchase can be found here. Insiders acquired 173,086 shares of company stock worth $3,715,871 over the last three months. Insiders own 21.39% of the company’s stock.
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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