DORCHESTER WEALTH MANAGEMENT Co Raises Stock Holdings in Nutrien Ltd. (NYSE:NTR)

DORCHESTER WEALTH MANAGEMENT Co boosted its stake in Nutrien Ltd. (NYSE:NTR) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,635 shares of the company’s stock after buying an additional 2,284 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Nutrien were worth $502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares during the period. Asset Planning Inc purchased a new stake in Nutrien during the fourth quarter worth about $35,000. Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares during the period. Principal Securities Inc. increased its stake in Nutrien by 138.1% during the fourth quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after purchasing an additional 540 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Nutrien during the fourth quarter worth about $67,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NTR. Barclays reiterated an “equal weight” rating and set a $56.00 price target (up from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday. Oppenheimer began coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, Piper Sandler upped their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.39.

Nutrien Stock Performance

Shares of NTR opened at $52.68 on Friday. The stock has a 50 day moving average price of $49.41 and a 200 day moving average price of $48.24. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is currently 157.67%.

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.