Raymond James Financial Services Advisors Inc. increased its position in Terra Nitrogen Company, L.P. (NYSE:TNH) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,802 shares of the basic materials company’s stock after buying an additional 1,836 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.07% of Terra Nitrogen worth $1,047,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TNH. First Allied Advisory Services Inc. boosted its holdings in shares of Terra Nitrogen by 13.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 2,973 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 349 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Terra Nitrogen during the 2nd quarter valued at about $283,000. Virtu KCG Holdings LLC bought a new position in shares of Terra Nitrogen during the 2nd quarter valued at about $286,000. Citadel Advisors LLC bought a new position in shares of Terra Nitrogen during the 2nd quarter valued at about $318,000. Finally, Advisor Group Inc. boosted its holdings in shares of Terra Nitrogen by 50.3% during the 2nd quarter. Advisor Group Inc. now owns 3,841 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 1,285 shares during the last quarter. 2.99% of the stock is owned by institutional investors.

Shares of Terra Nitrogen Company, L.P. (NYSE:TNH) traded up $0.05 during midday trading on Friday, hitting $83.05. 17,117 shares of the stock traded hands, compared to its average volume of 26,877. The stock has a market cap of $1,535.63, a PE ratio of 13.45 and a beta of 0.11. Terra Nitrogen Company, L.P. has a 52-week low of $75.20 and a 52-week high of $115.86.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend was Tuesday, November 14th. Terra Nitrogen’s dividend payout ratio is 85.67%.

Several research analysts have commented on TNH shares. BidaskClub downgraded shares of Terra Nitrogen from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. ValuEngine raised shares of Terra Nitrogen from a “sell” rating to a “hold” rating in a report on Monday, September 18th.

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About Terra Nitrogen

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.

Institutional Ownership by Quarter for Terra Nitrogen (NYSE:TNH)

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