RIA Advisory Group LLC Takes $37,000 Position in NuStar Energy L.P. (NYSE:NS)

RIA Advisory Group LLC acquired a new stake in NuStar Energy L.P. (NYSE:NS) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,993 shares of the pipeline company’s stock, valued at approximately $37,000.

A number of other institutional investors also recently modified their holdings of NS. GraniteShares Advisors LLC purchased a new stake in NuStar Energy in the fourth quarter valued at approximately $1,480,000. Alps Advisors Inc. increased its holdings in NuStar Energy by 30.0% in the 3rd quarter. Alps Advisors Inc. now owns 19,865,418 shares of the pipeline company’s stock worth $346,453,000 after acquiring an additional 4,586,344 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of NuStar Energy by 42.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 132,684 shares of the pipeline company’s stock valued at $2,314,000 after acquiring an additional 39,772 shares during the last quarter. Fractal Investments LLC lifted its position in 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 during the last quarter. Finally, Citigroup Inc. lifted its position in shares of NuStar Energy by 71.8% during the third quarter. Citigroup Inc. now owns 163,759 shares of the pipeline company’s stock worth $2,856,000 after purchasing an additional 68,431 shares during the last quarter. Institutional investors and hedge funds own 63.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NS shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $19.00 target price on shares of NuStar Energy in a research note on Wednesday, January 10th. Raymond James restated a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. StockNews.com assumed coverage on NuStar Energy in a report on Saturday, April 13th. They issued a “buy” rating for the company. Wells Fargo & Company raised NuStar Energy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $18.00 to $21.00 in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.43.

NuStar Energy Price Performance

NS stock opened at $22.11 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 11.76. NuStar Energy L.P. has a 12-month low of $14.70 and a 12-month high of $24.50. The stock has a 50-day moving average price of $23.10 and a two-hundred day moving average price of $20.19. The company has a market cap of $2.80 billion, a PE ratio of 31.15 and a beta of 1.70.

NuStar Energy (NYSE:NS) last posted its earnings results on Thursday, February 15th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The company had revenue of $451.70 million during the quarter, compared to analyst estimates of $433.69 million. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that NuStar Energy L.P. will post 1.1 EPS for the current year.

NuStar Energy Announces Dividend

The business also recently announced a None dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Friday, April 26th will be issued a dividend of $0.212 per share. The ex-dividend date of this dividend is Thursday, April 25th. NuStar Energy’s dividend payout ratio (DPR) is currently 225.35%.

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 three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.