California Public Employees Retirement System Increases Stock Position in NuStar Energy L.P. (NYSE:NS)

California Public Employees Retirement System boosted its stake in NuStar Energy L.P. (NYSE:NS) by 32.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,002 shares of the pipeline company’s stock after acquiring an additional 41,200 shares during the period. California Public Employees Retirement System owned about 0.16% of NuStar Energy worth $4,814,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lenox Wealth Advisors LLC purchased a new stake in NuStar Energy in the third quarter valued at $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in NuStar Energy in the second quarter valued at $32,000. North Star Investment Management Corp. acquired a new position in NuStar Energy in the third quarter valued at $39,000. NEXT Financial Group Inc increased its stake in NuStar Energy by 277.5% in the second quarter. NEXT Financial Group Inc now owns 1,510 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,110 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in NuStar Energy in the second quarter valued at $50,000. 65.54% of the stock is owned by hedge funds and other institutional investors.

NYSE NS opened at $28.32 on Tuesday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.40 and a current ratio of 0.26. The firm has a market cap of $3.07 billion, a PE ratio of 42.27, a P/E/G ratio of 15.83 and a beta of 1.56. NuStar Energy L.P. has a one year low of $19.81 and a one year high of $30.06. The firm’s fifty day moving average is $28.35 and its two-hundred day moving average is $27.73.

NuStar Energy (NYSE:NS) last posted its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.18). NuStar Energy had a negative net margin of 10.42% and a positive return on equity of 10.82%. The business had revenue of $378.06 million during the quarter, compared to analyst estimates of $397.50 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts predict that NuStar Energy L.P. will post 1.79 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 8th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.47%. NuStar Energy’s dividend payout ratio (DPR) is 358.21%.

A number of research firms have commented on NS. ValuEngine upgraded shares of NuStar Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 6th. Mizuho began coverage on shares of NuStar Energy in a research note on Friday, August 2nd. They issued a “neutral” rating and a $32.00 price objective on the stock. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.60.

About NuStar Energy

NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.

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

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