Nustar GP Holdings, LLC (NSH) Receives $23.50 Consensus Target Price from Analysts

Nustar GP Holdings, LLC (NYSE:NSH) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.33.

A number of analysts have weighed in on NSH shares. Citigroup raised shares of Nustar GP from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday. Mizuho reaffirmed a “hold” rating and set a $21.00 price objective on shares of Nustar GP in a report on Friday, November 10th. BidaskClub raised shares of Nustar GP from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Nustar GP from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, UBS lowered their target price on shares of Nustar GP from $33.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th.

Shares of Nustar GP (NYSE NSH) traded down $0.10 during trading hours on Friday, hitting $13.90. 513,794 shares of the company traded hands, compared to its average volume of 129,446. Nustar GP has a fifty-two week low of $13.50 and a fifty-two week high of $31.50. The stock has a market cap of $586.29, a P/E ratio of 10.85 and a beta of 1.02.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.545 per share. The ex-dividend date was Wednesday, November 8th. This represents a $2.18 annualized dividend and a yield of 15.68%. Nustar GP’s dividend payout ratio (DPR) is currently 109.55%.

Several hedge funds have recently bought and sold shares of NSH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Nustar GP by 4.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 418,175 shares of the pipeline company’s stock valued at $10,224,000 after buying an additional 17,397 shares during the period. Catalyst Capital Advisors LLC increased its position in Nustar GP by 30.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 555,213 shares of the pipeline company’s stock valued at $12,215,000 after acquiring an additional 129,437 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Nustar GP by 84.2% during the 2nd quarter. GSA Capital Partners LLP now owns 43,220 shares of the pipeline company’s stock worth $1,057,000 after buying an additional 19,752 shares during the period. Alps Advisors Inc. grew its position in shares of Nustar GP by 2.7% during the 2nd quarter. Alps Advisors Inc. now owns 13,451 shares of the pipeline company’s stock worth $329,000 after buying an additional 359 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Nustar GP by 8.0% during the 2nd quarter. California Public Employees Retirement System now owns 59,300 shares of the pipeline company’s stock worth $1,450,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors own 55.64% of the company’s stock.

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Nustar GP Company Profile

NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.

Analyst Recommendations for Nustar GP (NYSE:NSH)

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