Jennison Associates LLC bought a new stake in shares of NuStar Energy L.P. (NYSE:NS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 454,842 shares of the pipeline company's stock, valued at approximately $8,496,000. Jennison Associates LLC owned about 0.36% of NuStar Energy as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of the stock. Invesco Ltd. grew its position in NuStar Energy by 1.0% in the 3rd quarter. Invesco Ltd. now owns 20,566,959 shares of the pipeline company's stock valued at $358,688,000 after acquiring an additional 194,568 shares during the last quarter. Alps Advisors Inc. grew its position 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 valued at $346,453,000 after acquiring an additional 4,586,344 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NuStar Energy by 21.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,112,629 shares of the pipeline company's stock valued at $114,184,000 after acquiring an additional 1,086,994 shares during the last quarter. Blackstone Inc. grew its position in NuStar Energy by 319.6% in the 3rd quarter. Blackstone Inc. now owns 2,316,768 shares of the pipeline company's stock valued at $40,404,000 after acquiring an additional 1,764,573 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in NuStar Energy by 47.4% in the 3rd quarter. Clearbridge Investments LLC now owns 2,149,680 shares of the pipeline company's stock valued at $37,490,000 after acquiring an additional 691,604 shares during the last quarter. Institutional investors own 63.13% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on the company. Wells Fargo & Company raised NuStar Energy from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $18.00 to $21.00 in a research report on Tuesday, January 23rd. Stifel Nicolaus reiterated a "hold" rating and issued a $23.00 target price (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $19.00 target price on shares of NuStar Energy in a report on Wednesday, January 10th. StockNews.com initiated coverage on NuStar Energy in a report on Sunday, April 21st. They issued a "buy" rating for the company. Finally, Raymond James reiterated a "market perform" rating on shares of NuStar Energy in a report on Tuesday, February 20th. One 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.33.
View Our Latest Stock Analysis on NS
NuStar Energy Stock Up 0.9 %
Shares of NYSE NS traded up $0.20 during mid-day trading on Friday, reaching $22.58. 590,196 shares of the company were exchanged, compared to its average volume of 750,773. 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 stock has a market cap of $2.86 billion, a price-to-earnings ratio of 31.80 and a beta of 1.70. NuStar Energy L.P. has a 1 year low of $14.70 and a 1 year high of $24.50. The firm has a 50-day moving average of $23.06 and a 200 day moving average of $20.41.
NuStar Energy (NYSE:NS - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.11. The firm had revenue of $451.70 million during the quarter, compared to analysts' expectations of $433.69 million. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. On average, research analysts expect that NuStar Energy L.P. will post 1.1 earnings per share for the current year.
NuStar Energy Dividend Announcement
The business also recently disclosed a None dividend, which will be paid on Thursday, May 2nd. Investors of record on Friday, April 26th will be paid a dividend of $0.212 per share. The ex-dividend date is Thursday, April 25th. NuStar Energy's dividend payout ratio (DPR) is currently 225.35%.
About NuStar Energy
(
Free Report)
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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