NuStar Energy L.P. (NYSE:NS – Get Rating) announced a quarterly dividend on Saturday, July 30th, investing.com reports. Stockholders of record on Monday, August 8th will be paid a dividend of 0.40 per share by the pipeline company on Friday, August 12th. This represents a $1.60 annualized dividend and a dividend yield of 10.13%. The ex-dividend date of this dividend is Friday, August 5th.
NuStar Energy has a dividend payout ratio of 104.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect NuStar Energy to earn $1.24 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 129.0%.
Get NuStar Energy alerts:NuStar Energy Trading Up 0.8 %
Shares of NS stock opened at $15.80 on Thursday. The stock has a 50-day moving average of $14.82 and a 200-day moving average of $15.40. NuStar Energy has a 1-year low of $12.84 and a 1-year high of $18.05. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -12.54 and a beta of 2.04. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 19.09.
NuStar Energy (NYSE:NS – Get Rating) last released its earnings results on Friday, May 6th. The pipeline company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. NuStar Energy had a return on equity of 86.48% and a net margin of 0.50%. The business had revenue of $409.86 million during the quarter, compared to analysts' expectations of $417.38 million. During the same quarter last year, the firm posted $0.05 earnings per share. On average, equities research analysts forecast that NuStar Energy will post 0.82 earnings per share for the current year.Wall Street Analysts Forecast Growth
Several brokerages have issued reports on NS. Wells Fargo & Company upgraded NuStar Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $17.00 to $18.00 in a report on Tuesday, May 31st. StockNews.com lowered NuStar Energy from a "buy" rating to a "hold" rating in a report on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $18.50.
Institutional Trading of NuStar Energy
A number of large investors have recently bought and sold shares of NS. Cambridge Investment Research Advisors Inc. grew its position in shares of NuStar Energy by 6.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,661 shares of the pipeline company's stock valued at $183,000 after purchasing an additional 764 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of NuStar Energy in the first quarter valued at $212,000. First Republic Investment Management Inc. grew its position in shares of NuStar Energy by 39.7% in the first quarter. First Republic Investment Management Inc. now owns 16,145 shares of the pipeline company's stock valued at $233,000 after purchasing an additional 4,590 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of NuStar Energy in the first quarter valued at $235,000. Finally, Raymond James & Associates boosted its stake in NuStar Energy by 6.2% during the first quarter. Raymond James & Associates now owns 48,558 shares of the pipeline company's stock valued at $700,000 after buying an additional 2,827 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.
About NuStar Energy
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NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
Further Reading
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