Arrow Investment Advisors LLC raised its holdings in NuStar Energy L.P. (NYSE:NS) by 11.2% in the third quarter, Holdings Channel reports. The fund owned 16,628 shares of the pipeline company’s stock after buying an additional 1,673 shares during the period. NuStar Energy accounts for approximately 0.2% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Arrow Investment Advisors LLC’s holdings in NuStar Energy were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in NS. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in NuStar Energy in the 2nd quarter valued at about $32,000. Lenox Wealth Advisors LLC acquired a new stake in NuStar Energy in the 3rd quarter valued at about $32,000. North Star Investment Management Corp. acquired a new stake in NuStar Energy in the 3rd quarter valued at about $39,000. NEXT Financial Group Inc raised its holdings in NuStar Energy by 277.5% in the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in NuStar Energy in the 2nd quarter valued at about $50,000. Institutional investors own 63.12% of the company’s stock.
A number of analysts have commented on the stock. Mizuho assumed coverage on shares of NuStar Energy in a report on Friday, August 2nd. They issued a “neutral” rating and a $32.00 price objective for the company. ValuEngine upgraded shares of NuStar Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. NuStar Energy presently has an average rating of “Hold” and an average price target of $28.60.
Shares of NYSE NS opened at $29.01 on Friday. The company has a 50 day simple moving average of $28.27 and a 200-day simple moving average of $27.66. The company has a market capitalization of $3.15 billion, a P/E ratio of 43.30, a P/E/G ratio of 16.13 and a beta of 1.56. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.43 and a quick ratio of 1.40. NuStar Energy L.P. has a 1 year low of $19.81 and a 1 year high of $30.06.
NuStar Energy (NYSE:NS) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.18). The firm had revenue of $378.06 million for the quarter, compared to analyst estimates of $397.50 million. NuStar Energy had a positive return on equity of 9.69% and a negative net margin of 10.42%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS. As a group, research analysts expect that NuStar Energy L.P. will post 1.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, November 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.27%. NuStar Energy’s dividend payout ratio is currently 358.21%.
About NuStar Energy
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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