LPL Financial LLC Purchases 1,519 Shares of NuStar Energy L.P. (NYSE:NS)

LPL Financial LLC raised its stake in shares of NuStar Energy L.P. (NYSE:NS – Get Rating) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,072 shares of the pipeline company’s stock after purchasing an additional 1,519 shares during the quarter. LPL Financial LLC owned 0.12% of NuStar Energy worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in NuStar Energy by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 17,741 shares of the pipeline company’s stock valued at $284,000 after purchasing an additional 1,672 shares during the period. SG Americas Securities LLC purchased a new stake in NuStar Energy in the 4th quarter worth approximately $699,000. Bank of Montreal Can increased its holdings in NuStar Energy by 19.2% in the 4th quarter. Bank of Montreal Can now owns 154,700 shares of the pipeline company’s stock worth $2,525,000 after acquiring an additional 24,900 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in NuStar Energy by 86.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 28,260 shares of the pipeline company’s stock valued at $452,000 after buying an additional 13,100 shares in the last quarter. Finally, Maryland State Retirement & Pension System purchased a new stake in NuStar Energy during the 4th quarter valued at approximately $380,000. 67.30% of the stock is currently owned by institutional investors.

NuStar Energy Price Performance

NS stock opened at $16.72 on Tuesday. The company has a debt-to-equity ratio of 17.71, a current ratio of 0.82 and a quick ratio of 0.74. NuStar Energy L.P. has a 1 year low of $12.80 and a 1 year high of $17.75. The firm has a market capitalization of $1.85 billion, a P/E ratio of 14.05 and a beta of 1.85. The business’s 50-day moving average is $15.72 and its two-hundred day moving average is $16.05.

NuStar Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Monday, May 8th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend was Friday, May 5th. NuStar Energy’s dividend payout ratio (DPR) is 134.45%.

Wall Street Analysts Forecast Growth

NS has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on NuStar Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 7th. Mizuho decreased their target price on NuStar Energy from $18.00 to $17.00 in a report on Thursday, May 11th. StockNews.com cut NuStar Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their price target on NuStar Energy from $19.50 to $21.00 in a research report on Thursday, May 11th. Finally, Barclays dropped their price target on NuStar Energy from $19.00 to $18.00 in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.33.

About NuStar Energy

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NuStar Energy LP engages in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage, and marketing of petroleum products. It operates through the following segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment provides transportation of refined petroleum products, crude oil, and anhydrous ammonia.