NuStar Energy L.P. (NYSE:NS) Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its holdings in NuStar Energy L.P. (NYSE:NS - Free Report) by 119.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 858,823 shares of the pipeline company's stock after buying an additional 468,239 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.68% of NuStar Energy worth $16,043,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NS. Clear Street Markets LLC purchased a new position in NuStar Energy in the 4th quarter worth approximately $34,000. Steward Partners Investment Advisory LLC raised its stake in shares of NuStar Energy by 1,610.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,078 shares of the pipeline company's stock worth $49,000 after purchasing an additional 2,898 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of NuStar Energy by 6,952.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,020 shares of the pipeline company's stock valued at $69,000 after purchasing an additional 3,963 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of NuStar Energy by 2,390.0% during the second quarter. Resources Management Corp CT ADV now owns 6,225 shares of the pipeline company's stock valued at $107,000 after purchasing an additional 5,975 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of NuStar Energy by 13.5% during the second quarter. IFP Advisors Inc now owns 9,530 shares of the pipeline company's stock valued at $163,000 after buying an additional 1,131 shares during the last quarter. 63.13% of the stock is currently owned by institutional investors.

NuStar Energy Trading Up 0.1 %

NuStar Energy stock traded up $0.03 during midday trading on Tuesday, reaching $22.53. The stock had a trading volume of 2,366,633 shares, compared to its average volume of 856,817. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 11.76. The company has a fifty day moving average of $23.26 and a 200 day moving average of $19.98. NuStar Energy L.P. has a 52-week low of $14.70 and a 52-week high of $24.50. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 31.68 and a beta of 1.70.

NuStar Energy (NYSE:NS - Get Free Report) last issued its earnings results on Thursday, February 15th. The pipeline company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The business had revenue of $451.70 million for the quarter, compared to analyst estimates of $433.69 million. NuStar Energy had a net margin of 16.75% and a return on equity of 107.61%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. On average, analysts anticipate that NuStar Energy L.P. will post 1.1 earnings per share for the current fiscal year.

NuStar Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Wednesday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend was Tuesday, February 6th. NuStar Energy's dividend payout ratio is currently 225.35%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NS. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $19.00 price objective on shares of NuStar Energy in a report on Wednesday, January 10th. Stifel Nicolaus reissued a "hold" rating and set a $23.00 price objective (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. StockNews.com started coverage on NuStar Energy in a report on Friday. They set a "buy" rating for the company. Wells Fargo & Company raised NuStar Energy from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Tuesday, January 23rd. Finally, Raymond James reaffirmed a "market perform" rating on shares of NuStar Energy in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, NuStar Energy currently has a consensus rating of "Hold" and an average price target of $19.43.

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.