Duff & Phelps Investment Management Co. increased its stake in shares of NuStar Energy L.P. (NYSE:NS) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,000 shares of the pipeline company’s stock after acquiring an additional 25,000 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.22% of NuStar Energy worth $6,378,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in NuStar Energy by 3.5% during the first quarter. SG Americas Securities LLC now owns 37,644 shares of the pipeline company’s stock valued at $1,012,000 after purchasing an additional 1,275 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in NuStar Energy during the first quarter valued at $251,000. Covenant Multifamily Offices LLC purchased a new position in NuStar Energy during the first quarter valued at $193,000. Janney Montgomery Scott LLC lifted its position in NuStar Energy by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 27,200 shares of the pipeline company’s stock valued at $731,000 after purchasing an additional 400 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in NuStar Energy by 98.7% during the first quarter. Moors & Cabot Inc. now owns 58,970 shares of the pipeline company’s stock valued at $1,584,000 after purchasing an additional 29,291 shares in the last quarter. Hedge funds and other institutional investors own 63.14% of the company’s stock.
NYSE:NS traded up $0.35 on Friday, reaching $26.84. 281,100 shares of the company’s stock traded hands, compared to its average volume of 540,940. The company has a quick ratio of 0.63, a current ratio of 1.43 and a debt-to-equity ratio of 3.22. The stock has a 50-day simple moving average of $27.90 and a 200-day simple moving average of $27.12. The firm has a market cap of $2.88 billion, a PE ratio of 40.06, a P/E/G ratio of 16.54 and a beta of 1.55. NuStar Energy L.P. has a 12 month low of $19.81 and a 12 month high of $29.53.
NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The business had revenue of $372.45 million for the quarter, compared to the consensus estimate of $474.77 million. NuStar Energy had a negative net margin of 9.77% and a positive return on equity of 31.79%. NuStar Energy’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, equities analysts anticipate that NuStar Energy L.P. will post 1.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 6th. This represents a $2.40 dividend on an annualized basis and a yield of 8.94%. NuStar Energy’s dividend payout ratio is presently 358.21%.
NS has been the topic of a number of recent analyst reports. Mizuho initiated coverage on NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 price target on the stock. Zacks Investment Research cut NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $28.60.
NuStar Energy Company Profile
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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