Nutrien Ltd. (NYSE: NTR – Get a rating) declared a quarterly dividend on Friday, May 20, the wall street journal reports. Shareholders of record on Thursday, June 30 will receive a dividend of 0.48 per share on Friday, July 15. This represents an annualized dividend of $1.92 and a yield of 1.98%. The ex-dividend date is Wednesday, June 29.
Nutrien has decreased its dividend payout by an average of 3.7% per year over the past three years and has increased its dividend annually for the past 2 consecutive years. Nutrien has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Stock analysts expect Nutrien to earn $14.13 per share next year, meaning the company should continue to be able to cover its $1.92 annual dividend with a future payout ratio. forecast of 13.6%.
Stock of nutrients traded at $4.34 during Friday trading hours, hitting $97.02. The stock had a trading volume of 3,454,903 shares, compared to an average volume of 3,917,320. The company has a quick ratio of 0.53, a current ratio of 1.14 and a leverage ratio of 0. ,31. The stock has a market capitalization of $53.61 billion, a price/earnings ratio of 12.41, a P/E/G ratio of 0.79 and a beta of 0.87. Nutrien has a one-year minimum of $57.08 and a one-year maximum of $117.25. The company’s 50-day simple moving average is $103.21 and its 200-day simple moving average is $83.98.
Nutrien (NYSE: NTR – Get a rating) last released its results on Monday, May 2. The company reported EPS of $2.70 for the quarter, beating the consensus estimate of $2.59 by $0.11. The company posted revenue of $7.66 billion in the quarter, versus a consensus estimate of $7.77 billion. Nutrien had a return on equity of 20.55% and a net margin of 14.34%. Research analysts expect Nutrien to post EPS of 16.12 for the current fiscal year.
Several brokerages have recently weighed in on NTR. Raymond James raised his price target on Nutrien from $105.00 to $125.00 and gave the company an “outperform” rating in a Wednesday, May 4 research note. Royal Bank of Canada raised its price target on Nutrien from $120.00 to $135.00 and gave the company an “outperform” rating in a Thursday, April 21 research note. UBS Group set a price target of $94.00 on Nutrien in a Monday, February 28 report. Citigroup raised its price target on Nutrien from $89.00 to $126.00 and gave the stock a “buy” rating in a Tuesday, March 22 report. Finally, began coverage on Nutrien in a report on Thursday, April 14. They issued a “buy” rating on the stock. Five research analysts gave the stock a hold rating and sixteen gave the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $102.20.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. JustInvest LLC purchased a new stake in Nutrien stock in Q4 valued at approximately $329,000. Sequoia Financial Advisors LLC purchased a new equity stake in Nutrien in Q1 valued at approximately $323,000. Nations Financial Group Inc. IA ADV purchased a new equity stake in Nutrien in Q1 worth approximately $286,000. EP Wealth Advisors LLC increased its position in Nutrien by 19.4% in the 4th quarter. EP Wealth Advisors LLC now owns 3,759 shares of the company valued at $283,000 after purchasing an additional 612 shares during the period. Finally, MML Investors Services LLC increased its stake in Nutrien by 10.4% in the 4th quarter. MML Investors Services LLC now owns 3,725 shares of the company worth $280,000 after acquiring 351 additional shares in the last quarter. 64.39% of the shares are held by institutional investors.
Nutrien Company Profile (Get a rating)
Nutrien Ltd. provides agricultural inputs and services. It offers products based on potash, nitrogen, phosphate and sulphate; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds and merchandise through approximately 2,000 retail outlets in the United States, Canada, South America and Australia.
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