Fort Washington Investment Advisors Inc. OH Invests $442,000 in NuStar Energy L.P. (NYSE:NS)

Fort Washington Investment Advisors Inc. OH purchased a new position in shares of NuStar Energy L.P. (NYSE:NS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,637 shares of the pipeline company’s stock, valued at approximately $442,000.

Several other institutional investors also recently modified their holdings of NS. Clear Street Markets LLC bought a new stake in shares of NuStar Energy in the fourth quarter worth $34,000. Steward Partners Investment Advisory LLC grew its stake in shares of NuStar Energy by 1,610.0% in 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 last quarter. Tower Research Capital LLC TRC grew its stake in shares of NuStar Energy by 6,952.6% in 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 last quarter. Resources Management Corp CT ADV boosted its position in 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 valued at $107,000 after acquiring an additional 5,975 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in NuStar Energy by 13.5% during the second quarter. IFP Advisors Inc now owns 9,530 shares of the pipeline company’s stock valued at $163,000 after acquiring an additional 1,131 shares during the last quarter. Institutional investors own 63.13% of the company’s stock.

NuStar Energy Price Performance

NS stock opened at $23.10 on Thursday. 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 1 year low of $14.70 and a 1 year high of $24.50. The stock has a market capitalization of $2.92 billion, a PE ratio of 32.54 and a beta of 1.70. The company’s 50-day moving average is $22.86 and its 200-day moving average is $19.66.

NuStar Energy (NYSE:NS) last posted its earnings results 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. NuStar Energy had a net margin of 16.75% and a return on equity of 107.61%. The company had revenue of $451.70 million for the quarter, compared to analyst estimates of $433.69 million. During the same quarter in the prior year, the business posted $0.34 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that NuStar Energy L.P. will post 1.1 EPS for the current fiscal year.

NuStar Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.93%. NuStar Energy’s dividend payout ratio is presently 225.35%.

Analysts Set New Price Targets

A number of analysts have commented on NS shares. Raymond James reaffirmed a “market perform” rating on shares of NuStar Energy in a research report on Tuesday, February 20th. Wells Fargo & Company raised shares of NuStar Energy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $18.00 to $21.00 in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $19.00 price target on shares of NuStar Energy in a research report on Wednesday, January 10th. StockNews.com started coverage on shares of NuStar Energy in a research report on Thursday. They set a “buy” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target (up previously from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, NuStar Energy presently has a consensus rating of “Hold” and an average 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 Pipeline, Storage, and Fuels Marketing segments. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.