Jennison Associates LLC Purchases Shares of 454,842 NuStar Energy L.P. (NYSE:NS)

Jennison Associates LLC purchased a new stake in NuStar Energy L.P. (NYSE:NS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 454,842 shares of the pipeline company’s stock, valued at approximately $8,496,000.

Other hedge funds have also modified their holdings of the company. RIA Advisory Group LLC acquired a new position in shares of NuStar Energy in the 4th quarter worth approximately $37,000. Baystate Wealth Management LLC raised its holdings in shares of NuStar Energy by 234.0% in the 4th 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 in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of NuStar Energy in the 3rd quarter worth approximately $183,000. IFP Advisors Inc raised its holdings in shares of NuStar Energy by 18.4% in the 3rd quarter. IFP Advisors Inc now owns 11,280 shares of the pipeline company’s stock worth $197,000 after buying an additional 1,750 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of NuStar Energy by 12.8% in the 3rd quarter. AE Wealth Management LLC now owns 11,472 shares of the pipeline company’s stock worth $200,000 after buying an additional 1,303 shares in the last quarter. 63.13% of the stock is owned by institutional investors and hedge funds.

NuStar Energy Stock Up 0.8 %

Shares of NS opened at $22.57 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 31.79 and a beta of 1.70. The company has a debt-to-equity ratio of 11.76, a quick ratio of 0.76 and a current ratio of 0.85. The business’s fifty day moving average price is $23.06 and its two-hundred day moving average price is $20.39. NuStar Energy L.P. has a 52 week low of $14.70 and a 52 week high of $24.50.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $451.70 million for the quarter, compared to analyst estimates of $433.69 million. NuStar Energy had a return on equity of 107.61% and a net margin of 16.75%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. On average, analysts predict that NuStar Energy L.P. will post 1.1 earnings per share for the current year.

NuStar Energy Announces Dividend

The business also recently declared a None dividend, which will be paid on Thursday, May 2nd. Stockholders of record on Friday, April 26th will be given a $0.212 dividend. The ex-dividend date of this dividend is Thursday, April 25th. NuStar Energy’s dividend payout ratio is currently 225.35%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NS. Wells Fargo & Company raised NuStar Energy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $18.00 to $21.00 in a 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 report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target (up from $20.00) on shares of NuStar Energy in a report on Wednesday, January 24th. StockNews.com began coverage on NuStar Energy in a report on Sunday, April 21st. They set a “buy” rating for the company. Finally, Raymond James reaffirmed a “market perform” rating on shares of NuStar Energy in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.33.

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 three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.