Infrastructure Capital Advisors LLC Increases Stock Position in NuStar Energy L.P. (NYSE:NS)

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Infrastructure Capital Advisors LLC lifted its holdings in shares of NuStar Energy L.P. (NYSE:NS) by 28.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,362 shares of the pipeline company’s stock after buying an additional 111,083 shares during the quarter. NuStar Energy comprises 1.7% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Infrastructure Capital Advisors LLC owned about 0.47% of NuStar Energy worth $13,953,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. NEXT Financial Group Inc grew its holdings in shares of NuStar Energy by 277.5% during the 2nd quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,110 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of NuStar Energy in the second quarter worth about $50,000. Seven Post Investment Office LP bought a new position in shares of NuStar Energy in the first quarter worth about $207,000. Independent Advisor Alliance bought a new position in shares of NuStar Energy in the first quarter worth about $223,000. Finally, Covenant Multifamily Offices LLC grew its holdings in shares of NuStar Energy by 29.1% in the second quarter. Covenant Multifamily Offices LLC now owns 9,242 shares of the pipeline company’s stock worth $251,000 after purchasing an additional 2,083 shares during the last quarter. Institutional investors own 75.19% of the company’s stock.

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of NuStar Energy from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Mizuho assumed coverage on shares of NuStar Energy in a report on Friday, August 2nd. They set a “neutral” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.60.

NYSE:NS traded down $0.39 during midday trading on Thursday, hitting $26.84. The company’s stock had a trading volume of 2,540 shares, compared to its average volume of 433,661. The firm has a market cap of $2.91 billion, a P/E ratio of 40.06, a P/E/G ratio of 16.77 and a beta of 1.53. NuStar Energy L.P. has a fifty-two week low of $19.81 and a fifty-two week high of $29.53. The firm’s 50 day moving average is $27.49 and its 200-day moving average is $27.27. 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 (NYSE:NS) last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $372.45 million for the quarter, compared to analyst estimates of $474.77 million. NuStar Energy had a positive return on equity of 31.79% and a negative net margin of 9.77%. NuStar Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. As a group, analysts forecast that NuStar Energy L.P. will post 1.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.94%. NuStar Energy’s payout ratio is 358.21%.

NuStar Energy Company Profile

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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Institutional Ownership by Quarter for NuStar Energy (NYSE:NS)

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