Miller Howard Investments Inc. NY Buys 164,205 Shares of Nutrien Ltd. (NYSE:NTR)

Miller Howard Investments Inc. NY boosted its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 36.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 619,634 shares of the company's stock after purchasing an additional 164,205 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.13% of Nutrien worth $30,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock worth $84,367,000 after buying an additional 144,025 shares during the period. Farther Finance Advisors LLC grew its stake in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after purchasing an additional 1,002 shares in the last quarter. Jackson Hole Capital Partners LLC increased its stake in shares of Nutrien by 5.4% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 58,591 shares of the company's stock worth $2,622,000 after buying an additional 2,997 shares during the last quarter. US Bancorp DE lifted its position in shares of Nutrien by 29.6% during the fourth quarter. US Bancorp DE now owns 30,549 shares of the company's stock worth $1,367,000 after purchasing an additional 6,975 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Nutrien in the fourth quarter worth $556,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Oppenheimer raised their price target on Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Barclays boosted their price target on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Bank of America lifted their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. BNP Paribas raised Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted their price objective on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.12.

Nutrien Stock Performance

Shares of Nutrien stock traded up $1.47 during mid-day trading on Wednesday, hitting $59.99. 1,781,306 shares of the stock were exchanged, compared to its average volume of 2,199,403. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The company has a 50-day simple moving average of $58.55 and a 200 day simple moving average of $53.02. The company has a market capitalization of $29.22 billion, a P/E ratio of 56.07, a P/E/G ratio of 1.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.63%. Nutrien's payout ratio is presently 203.74%.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.