Center Coast Capital Advisors LP Has $25.87 Million Position in Nustar GP Holdings, LLC (NSH)

Center Coast Capital Advisors LP increased its position in shares of Nustar GP Holdings, LLC (NYSE:NSH) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,175,843 shares of the pipeline company’s stock after buying an additional 96,298 shares during the period. Nustar GP Holdings comprises approximately 0.6% of Center Coast Capital Advisors LP’s holdings, making the stock its 26th biggest holding. Center Coast Capital Advisors LP owned about 2.74% of Nustar GP Holdings worth $25,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NSH. Alliancebernstein L.P. purchased a new stake in Nustar GP Holdings during the 1st quarter worth $233,000. Renaissance Technologies LLC increased its stake in Nustar GP Holdings by 126.4% during the 1st quarter. Renaissance Technologies LLC now owns 68,300 shares of the pipeline company’s stock worth $1,909,000 after buying an additional 38,136 shares during the period. Bank of Montreal Can purchased a new stake in Nustar GP Holdings during the 2nd quarter worth $1,406,000. Janney Montgomery Scott LLC increased its stake in Nustar GP Holdings by 1.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,150 shares of the pipeline company’s stock worth $248,000 after buying an additional 100 shares during the period. Finally, Sei Investments Co. increased its stake in Nustar GP Holdings by 524.8% during the 2nd quarter. Sei Investments Co. now owns 16,013 shares of the pipeline company’s stock worth $392,000 after buying an additional 13,450 shares during the period. 56.02% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on NSH. Mizuho reissued a “hold” rating and set a $21.00 price objective on shares of Nustar GP Holdings in a report on Friday. Barclays PLC decreased their price objective on shares of Nustar GP Holdings from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. UBS AG decreased their price objective on shares of Nustar GP Holdings from $33.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Citigroup Inc. decreased their price objective on shares of Nustar GP Holdings from $30.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Finally, Zacks Investment Research lowered shares of Nustar GP Holdings from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.50.

Shares of Nustar GP Holdings, LLC (NYSE:NSH) traded down $0.55 during mid-day trading on Tuesday, reaching $16.10. 227,600 shares of the company’s stock traded hands, compared to its average volume of 112,942. The firm has a market cap of $715.15, a price-to-earnings ratio of 12.33 and a beta of 1.09. Nustar GP Holdings, LLC has a 52 week low of $16.00 and a 52 week high of $31.50.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Thursday, November 9th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 13.54%. The ex-dividend date is Wednesday, November 8th. Nustar GP Holdings’s dividend payout ratio (DPR) is presently 110.10%.

In other Nustar GP Holdings news, Director William E. Greehey purchased 41,235 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was acquired at an average cost of $21.09 per share, with a total value of $869,646.15. Following the acquisition, the director now owns 8,762,396 shares of the company’s stock, valued at approximately $184,798,931.64. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William E. Greehey purchased 20,279 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $20.85 per share, with a total value of $422,817.15. Following the completion of the acquisition, the director now directly owns 8,716,559 shares in the company, valued at approximately $181,740,255.15. The disclosure for this purchase can be found here. Insiders bought a total of 100,000 shares of company stock valued at $2,118,373 over the last ninety days. Company insiders own 21.39% of the company’s stock.

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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.

Institutional Ownership by Quarter for Nustar GP Holdings (NYSE:NSH)

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