Obermeyer Wood Investment Counsel Lllp continued to hold its stake in NuStar GP Holdings, LLC (NYSE:NSH) during the third quarter, Holdings Channel reports. The fund owned 13,200 shares of the company’s stock at the end of the third quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in NuStar GP Holdings were worth $184,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in NSH. IFP Advisors Inc raised its stake in shares of NuStar GP Holdings by 4.1% in the second quarter. IFP Advisors Inc now owns 5,056 shares of the company’s stock valued at $130,000 after buying an additional 200 shares during the last quarter. Beach Investment Counsel Inc. PA purchased a new stake in shares of NuStar GP Holdings during the second quarter valued at $203,000. Cannell Peter B & Co. Inc. purchased a new stake in shares of NuStar GP Holdings during the second quarter valued at $210,000. M&T Bank Corp purchased a new stake in shares of NuStar GP Holdings during the second quarter valued at $213,000. Finally, Fiduciary Financial Services of The Southwest Inc. TX purchased a new stake in shares of NuStar GP Holdings during the second quarter valued at $229,000.
NuStar GP Holdings, LLC (NYSE:NSH) opened at 25.90 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 17.96 and a beta of 1.02. The firm has a 50-day moving average price of $24.79 and a 200 day moving average price of $24.74. NuStar GP Holdings, LLC has a 12 month low of $12.86 and a 12 month high of $27.07.
NuStar GP Holdings (NYSE:NSH) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. On average, equities analysts expect that NuStar GP Holdings, LLC will post $1.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th were paid a $0.545 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.18 annualized dividend and a yield of 8.42%.
Several brokerages have recently weighed in on NSH. US Capital Advisors reissued a “hold” rating on shares of NuStar GP Holdings in a report on Wednesday, September 21st. TheStreet lowered NuStar GP Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Mizuho initiated coverage on NuStar GP Holdings in a report on Thursday, September 29th. They set a “neutral” rating and a $26.00 price objective on the stock. Zacks Investment Research downgraded NuStar GP Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Finally, Credit Suisse Group AG restated a “sell” rating and set a $25.00 target price on shares of NuStar GP Holdings in a research report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.67.
In other NuStar GP Holdings news, Director James F. Clingman sold 5,550 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $25.35, for a total value of $140,692.50. Following the sale, the director now owns 40,947 shares in the company, valued at $1,038,006.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NuStar GP Holdings Company Profile
NuStar GP Holdings, LLC holds interests in NuStar Energy L.P. (NuStar Energy). NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, the terminalling and storage of petroleum products, and the marketing of petroleum products. NuStar Energy has terminal and storage facilities in the United States, Canada, Mexico, the Netherlands, including St.