Nustar GP Holdings, LLC (NYSE:NSH) saw unusually large options trading activity on Tuesday. Investors purchased 580 put options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.
A number of large investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC increased its position in shares of Nustar GP by 30.4% in the third quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock valued at $12,215,000 after buying an additional 129,437 shares in the last quarter. Center Coast Capital Advisors LP increased its position in shares of Nustar GP by 8.9% in the third quarter. Center Coast Capital Advisors LP now owns 1,175,843 shares of the pipeline company’s stock valued at $25,869,000 after buying an additional 96,298 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Nustar GP by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 164,659 shares of the pipeline company’s stock valued at $3,540,000 after buying an additional 81,046 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Nustar GP by 13.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 476,160 shares of the pipeline company’s stock valued at $10,476,000 after buying an additional 57,985 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Nustar GP in the second quarter valued at $1,406,000. Hedge funds and other institutional investors own 55.64% of the company’s stock.
Several brokerages have recently weighed in on NSH. Mizuho reaffirmed a “hold” rating and issued a $21.00 target price on shares of Nustar GP in a research report on Friday, November 10th. BidaskClub upgraded shares of Nustar GP from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Citigroup cut their price target on shares of Nustar GP from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Nustar GP from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, UBS cut their target price on shares of Nustar GP from $33.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.50.
Nustar GP (NSH) traded down $0.20 during mid-day trading on Monday, hitting $14.65. The stock had a trading volume of 226,394 shares, compared to its average volume of 126,397. The firm has a market capitalization of $637.83, a P/E ratio of 11.00 and a beta of 1.03. Nustar GP has a 1-year low of $13.65 and a 1-year high of $31.50.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 9th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 14.88%. The ex-dividend date of this dividend was Wednesday, November 8th. Nustar GP’s payout ratio is 110.10%.
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Nustar GP 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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