A number of other equities analysts have also weighed in on the company. Stifel Nicolaus reaffirmed a hold rating and issued a $23.00 price objective (up previously from $20.00) on shares of NuStar Energy in a research note on Wednesday, January 24th. Citigroup initiated coverage on NuStar Energy in a research report on Friday, October 6th. They issued a neutral rating and a $17.00 target price on the stock. Wells Fargo & Company upgraded NuStar Energy from an underweight rating to an equal weight rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reiterated an underweight rating and issued a $19.00 target price on shares of NuStar Energy in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $19.43.
NuStar Energy Stock Performance
NuStar Energy (NYSE:NS – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $410.30 million for the quarter, compared to the consensus estimate of $389.58 million. NuStar Energy had a net margin of 18.29% and a return on equity of 131.79%. Analysts forecast that NuStar Energy will post 0.74 EPS for the current year.
NuStar Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.60 annualized dividend and a yield of 7.07%. NuStar Energy’s dividend payout ratio (DPR) is currently 307.70%.
Institutional Trading of NuStar Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC bought a new stake in NuStar Energy during the 4th quarter valued at $8,496,000. RIA Advisory Group LLC acquired a new stake in shares of NuStar Energy in the 4th quarter worth $37,000. GraniteShares Advisors LLC acquired a new stake in shares of NuStar Energy in the 4th quarter worth $1,480,000. Baystate Wealth Management LLC raised its stake in NuStar Energy by 234.0% in the 4th quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after acquiring an additional 1,516 shares during the last quarter. Finally, Custom Index Systems LLC purchased a new position in NuStar Energy in the 4th quarter worth $1,639,000. Institutional investors own 56.35% of the company’s stock.
NuStar Energy Company Profile
NuStar Energy L.P. engages in the transportation terminalling and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.
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