Nisa Investment Advisors LLC Has $219,000 Stock Holdings in Berry Co. (NASDAQ:BRY)

Nisa Investment Advisors LLC lowered its position in Berry Co. (NASDAQ:BRY) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,119 shares of the energy company’s stock after selling 3,112 shares during the period. Nisa Investment Advisors LLC’s holdings in Berry were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new stake in Berry in the first quarter valued at approximately $31,000. Tower Research Capital LLC TRC raised its holdings in Berry by 525.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,147 shares of the energy company’s stock valued at $25,000 after buying an additional 2,644 shares during the last quarter. Quarry LP raised its holdings in Berry by 1,169.4% during the 2nd quarter. Quarry LP now owns 4,151 shares of the energy company’s stock valued at $29,000 after buying an additional 3,824 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Berry by 41.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,554 shares of the energy company’s stock valued at $49,000 after buying an additional 1,338 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY raised its holdings in Berry by 35.0% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,844 shares of the energy company’s stock valued at $39,000 after buying an additional 1,257 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Berry from a “c” rating to a “b-” rating in a research report on Friday, March 8th.

Berry Stock Up 1.4 %

NASDAQ:BRY opened at $8.41 on Friday. The firm’s 50-day moving average price is $7.61 and its 200-day moving average price is $7.36. The company has a market capitalization of $647.06 million, a PE ratio of 18.28 and a beta of 1.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.63 and a quick ratio of 0.63. Berry Co. has a 1-year low of $6.22 and a 1-year high of $8.94.

Berry (NASDAQ:BRY) last released its earnings results on Wednesday, March 6th. The energy company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.12). The business had revenue of $216.40 million during the quarter, compared to analysts’ expectations of $190.28 million. Berry had a return on equity of 5.27% and a net margin of 4.14%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. On average, equities analysts predict that Berry Co. will post 0.87 EPS for the current fiscal year.

Berry Increases Dividend

The firm also recently announced a None dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 15th were given a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Berry’s previous None dividend of $0.21. This represents a dividend yield of 6.7%. Berry’s dividend payout ratio is currently 104.35%.

Berry Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.