Nutrien Ltd. (NYSE:NTR) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY decreased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 534,179 shares of the company's stock after selling 137,016 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.11% of Nutrien worth $30,090,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Nutrien in the third quarter valued at $27,000. Legacy Financial Group LLC acquired a new position in shares of Nutrien in the 3rd quarter worth approximately $28,000. Covestor Ltd bought a new stake in shares of Nutrien in the 1st quarter worth approximately $30,000. Zions Bancorporation N.A. boosted its holdings in Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company's stock worth $31,000 after buying an additional 107 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company's stock worth $42,000 after buying an additional 678 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Performance

Shares of NYSE NTR traded up $0.50 during mid-day trading on Tuesday, hitting $56.23. The company had a trading volume of 1,723,057 shares, compared to its average volume of 2,085,559. Nutrien Ltd. has a 12 month low of $47.90 and a 12 month high of $75.29. The firm has a market cap of $27.81 billion, a P/E ratio of 22.03, a PEG ratio of 2.08 and a beta of 0.89. The business's 50-day simple moving average is $52.43 and its 200-day simple moving average is $54.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the company earned $2.02 EPS. The company's revenue was down 24.8% on a year-over-year basis. As a group, analysts predict that Nutrien Ltd. will post 3.9 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.54 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 3.84%. This is an increase from Nutrien's previous quarterly dividend of $0.53. Nutrien's payout ratio is currently 85.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. HSBC reduced their target price on Nutrien from $63.00 to $57.00 and set a "hold" rating for the company in a report on Friday, March 8th. CIBC decreased their target price on shares of Nutrien from $87.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Wolfe Research initiated coverage on shares of Nutrien in a research note on Friday, March 1st. They issued an "outperform" rating and a $66.00 price target on the stock. Jefferies Financial Group started coverage on Nutrien in a research report on Tuesday, March 26th. They set a "buy" rating and a $62.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered Nutrien from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $58.00 to $48.00 in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.95.

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.