JPMorgan Chase & Co. decreased its stake in Terra Nitrogen Company, L.P. (NYSE:TNH) by 96.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,189 shares of the basic materials company’s stock after selling 77,034 shares during the period. JPMorgan Chase & Co.’s holdings in Terra Nitrogen Company, L.P. were worth $274,000 at the end of the most recent quarter.
Separately, Rational Advisors LLC acquired a new stake in Terra Nitrogen Company, L.P. in the 2nd quarter valued at about $283,000. Institutional investors and hedge funds own 3.43% of the company’s stock.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Terra Nitrogen Company, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. BidaskClub downgraded shares of Terra Nitrogen Company, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
Shares of Terra Nitrogen Company, L.P. (TNH) traded down $0.30 during mid-day trading on Friday, reaching $87.50. 25,800 shares of the company’s stock traded hands, compared to its average volume of 26,224. The firm has a market capitalization of $1,624.44, a P/E ratio of 14.23 and a beta of 0.07. Terra Nitrogen Company, L.P. has a 1 year low of $75.20 and a 1 year high of $115.86.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a $1.36 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 6.22%. Terra Nitrogen Company, L.P.’s payout ratio is 100.79%.
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Terra Nitrogen Company, L.P. Company Profile
Terra Nitrogen Company, L.P. (TNCLP) is a limited partnership that produces nitrogen fertilizer products. The Company’s principal products are anhydrous ammonia (ammonia) and urea ammonium nitrate solutions (UAN), which it manufactures at its facility in Verdigris, Oklahoma. Its nitrogen products are used primarily by farmers.
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