NuStar Energy L.P. (NYSE:NS) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in shares of NuStar Energy L.P. (NYSE:NSFree Report) by 58.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 516,550 shares of the pipeline company’s stock after purchasing an additional 190,832 shares during the quarter. Wells Fargo & Company MN owned about 0.41% of NuStar Energy worth $9,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NS. RIA Advisory Group LLC acquired a new position in NuStar Energy during the 4th quarter valued at about $37,000. Baystate Wealth Management LLC boosted its position in shares of NuStar Energy by 234.0% during the fourth quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after buying an additional 1,516 shares during the period. Lee Financial Co increased its position in NuStar Energy by 18.4% in the 4th quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock valued at $69,000 after acquiring an additional 571 shares during the period. Kingsview Wealth Management LLC bought a new stake in NuStar Energy during the 3rd quarter valued at $183,000. Finally, Van ECK Associates Corp boosted its position in NuStar Energy by 37.7% during the 3rd quarter. Van ECK Associates Corp now owns 11,702 shares of the pipeline company’s stock worth $204,000 after acquiring an additional 3,204 shares during the period. 63.13% of the stock is currently owned by institutional investors and hedge funds.

NuStar Energy Stock Performance

Shares of NS stock opened at $21.96 on Wednesday. The stock has a 50-day simple moving average of $22.16 and a 200 day simple moving average of $21.31. The stock has a market capitalization of $2.78 billion, a P/E ratio of 30.93 and a beta of 1.69. NuStar Energy L.P. has a fifty-two week low of $14.70 and a fifty-two week high of $24.50. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 12.93.

NuStar Energy (NYSE:NSGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.15). The business had revenue of $390.80 million during the quarter, compared to analyst estimates of $413.12 million. NuStar Energy had a net margin of 12.90% and a return on equity of 88.49%. NuStar Energy’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts expect that NuStar Energy L.P. will post 1.1 earnings per share for the current fiscal year.

NuStar Energy Dividend Announcement

The firm also recently declared a None dividend, which was paid on Thursday, May 2nd. Shareholders of record on Friday, April 26th were given a $0.212 dividend. The ex-dividend date was Thursday, April 25th. NuStar Energy’s dividend payout ratio (DPR) is 225.35%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com initiated coverage on NuStar Energy in a report on Friday, May 31st. They set a “buy” rating on the stock. Raymond James reissued a “market perform” rating on shares of NuStar Energy in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, NuStar Energy currently has an average rating of “Hold” and an average target price of $19.80.

Get Our Latest Analysis on NuStar Energy

NuStar Energy Profile

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

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