Wealth Enhancement Advisory Services LLC Has $207,000 Stock Position in Nutrien Ltd. (NYSE:NTR)

Wealth Enhancement Advisory Services LLC increased its position in Nutrien Ltd. (NYSE:NTR) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,309 shares of the company’s stock after buying an additional 263 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nutrien were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in Nutrien in the 3rd quarter valued at $28,000. Family Firm Inc. acquired a new position in shares of Nutrien during the second quarter valued at about $32,000. Trust Co. of Vermont increased its position in shares of Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares in the last quarter. Covestor Ltd raised its holdings in shares of Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the last quarter. Finally, Andra AP fonden bought a new position in Nutrien in the 2nd quarter valued at about $51,000. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Shares of NYSE:NTR opened at $47.00 on Wednesday. The company has a 50-day moving average price of $47.99 and a two-hundred day moving average price of $50.57. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.21 billion, a PE ratio of 31.64, a P/E/G ratio of 1.58 and a beta of 0.82.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Equities analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is presently 144.97%.

Analysts Set New Price Targets

Several analysts have recently commented on NTR shares. TD Securities lowered their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Scotiabank cut their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.33.

About Nutrien

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.