Custom Index Systems LLC Takes Position in NuStar Energy L.P. (NYSE:NS)

Custom Index Systems LLC acquired a new stake in NuStar Energy L.P. (NYSE:NS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 87,759 shares of the pipeline company's stock, valued at approximately $1,639,000. NuStar Energy comprises about 1.0% of Custom Index Systems LLC's holdings, making the stock its 19th largest position. Custom Index Systems LLC owned 0.07% of NuStar Energy at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Clear Street Markets LLC bought a new position in shares of NuStar Energy during the fourth quarter worth approximately $34,000. Steward Partners Investment Advisory LLC increased its stake in shares of NuStar Energy by 1,610.0% during 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 period. Tower Research Capital LLC TRC increased its stake 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 worth $69,000 after purchasing an additional 3,963 shares during the period. Resources Management Corp CT ADV increased its stake 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 worth $107,000 after purchasing an additional 5,975 shares during the period. Finally, IFP Advisors Inc increased its stake 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 worth $163,000 after purchasing an additional 1,131 shares during the period. 63.13% of the stock is owned by institutional investors and hedge funds.

NuStar Energy Price Performance

Shares of NYSE NS traded down $0.91 during mid-day trading on Wednesday, hitting $21.62. 1,466,341 shares of the stock traded hands, compared to its average volume of 865,651. The company has a debt-to-equity ratio of 11.76, a current ratio of 0.85 and a quick ratio of 0.76. NuStar Energy L.P. has a twelve month low of $14.70 and a twelve month high of $24.50. The company has a market cap of $2.74 billion, a PE ratio of 30.45 and a beta of 1.70. The firm has a 50 day simple moving average of $23.27 and a two-hundred day simple moving average of $20.03.

NuStar Energy (NYSE:NS - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $451.70 million for the quarter, compared to the consensus estimate of $433.69 million. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. NuStar Energy's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. As a group, equities research analysts forecast that NuStar Energy L.P. will post 1.1 EPS for the current fiscal year.

NuStar Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend was Tuesday, February 6th. NuStar Energy's payout ratio is presently 225.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upgraded NuStar Energy from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $18.00 to $21.00 in a research note on Tuesday, January 23rd. StockNews.com initiated coverage on NuStar Energy in a research note on Friday, April 5th. They set a "buy" rating on the stock. Stifel Nicolaus restated a "hold" rating and set a $23.00 price objective (up previously from $20.00) on shares of NuStar Energy in a research note on Wednesday, January 24th. Raymond James restated a "market perform" rating on shares of NuStar Energy in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $19.00 price objective on shares of NuStar Energy in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.43.

NuStar Energy Profile

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.

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