Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company upgraded NuStar Energy from an underweight rating to an equal weight rating and raised their price objective for the company from $18.00 to $21.00 in a report on Tuesday, January 23rd. Stifel Nicolaus restated a hold rating and set a $23.00 price objective (up from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating and set a $19.00 target price on shares of NuStar Energy in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $19.43.
NuStar Energy Stock Up 0.5 %
NuStar Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Tuesday, February 6th. NuStar Energy’s payout ratio is 307.69%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of NS. Cambridge Investment Research Advisors Inc. bought a new stake in NuStar Energy during the second quarter valued at approximately $194,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of NuStar Energy by 6.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 180,236 shares of the pipeline company’s stock worth $3,089,000 after purchasing an additional 10,339 shares during the period. Oxbow Advisors LLC boosted its position in shares of NuStar Energy by 11.2% in the second quarter. Oxbow Advisors LLC now owns 33,783 shares of the pipeline company’s stock worth $579,000 after purchasing an additional 3,390 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of NuStar Energy by 42.8% in the third quarter. Exchange Traded Concepts LLC now owns 132,684 shares of the pipeline company’s stock worth $2,314,000 after buying an additional 39,772 shares in the last quarter. Finally, Fractal Investments LLC lifted its holdings in shares of NuStar Energy by 33.2% in the third quarter. Fractal Investments LLC now owns 643,707 shares of the pipeline company’s stock worth $11,226,000 after buying an additional 160,270 shares in the last quarter. 56.35% of the stock is owned by hedge funds and other institutional investors.
About NuStar Energy
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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