Nisa Investment Advisors LLC Has $67,000 Position in Teck Resources Limited (NYSE:TECK)

Nisa Investment Advisors LLC lowered its stake in shares of Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 48.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,660 shares of the basic materials company’s stock after selling 1,540 shares during the period. Nisa Investment Advisors LLC’s holdings in Teck Resources were worth $67,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TECK. Daymark Wealth Partners LLC boosted its position in Teck Resources by 2.8% during the third quarter. Daymark Wealth Partners LLC now owns 8,774 shares of the basic materials company’s stock worth $458,000 after purchasing an additional 242 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of Teck Resources by 77.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after buying an additional 383 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Teck Resources by 69.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company’s stock worth $52,000 after buying an additional 409 shares during the period. Park Avenue Securities LLC grew its stake in Teck Resources by 5.7% in the 4th quarter. Park Avenue Securities LLC now owns 8,960 shares of the basic materials company’s stock valued at $363,000 after buying an additional 486 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in Teck Resources by 6.5% in the 4th quarter. Fulton Bank N.A. now owns 8,218 shares of the basic materials company’s stock valued at $333,000 after acquiring an additional 499 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Price Performance

Shares of TECK stock opened at $40.80 on Friday. Teck Resources Limited has a twelve month low of $36.50 and a twelve month high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $42.94 and a 200 day simple moving average of $46.15. The company has a market cap of $20.35 billion, a P/E ratio of 61.82 and a beta of 1.05.

Teck Resources Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.0895 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.88%. Teck Resources’s payout ratio is presently 53.03%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TECK shares. Raymond James decreased their target price on Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday, October 25th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. UBS Group cut shares of Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Scotiabank increased their target price on shares of Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.