Carret Asset Management LLC Decreases Stock Holdings in Nestlé S.A. (OTCMKTS:NSRGY)

Carret Asset Management LLC reduced its holdings in Nestlé S.A. (OTCMKTS:NSRGY) by 3.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,114 shares of the company’s stock after selling 850 shares during the period. Carret Asset Management LLC’s holdings in Nestlé were worth $2,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Nestlé in the 4th quarter worth about $69,000. First Horizon Advisors Inc. raised its holdings in shares of Nestlé by 22.4% in the fourth quarter. First Horizon Advisors Inc. now owns 624 shares of the company’s stock worth $72,000 after buying an additional 114 shares during the period. Vestor Capital LLC boosted its holdings in Nestlé by 242.9% during the 4th quarter. Vestor Capital LLC now owns 1,334 shares of the company’s stock valued at $154,000 after acquiring an additional 945 shares during the period. Wesbanco Bank Inc. grew its position in Nestlé by 11.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 2,114 shares of the company’s stock valued at $239,000 after acquiring an additional 218 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Nestlé in the fourth quarter worth $241,000. 0.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered shares of Nestlé from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Nestlé Price Performance

Shares of OTCMKTS NSRGY traded up $0.93 during trading hours on Wednesday, reaching $102.39. The stock had a trading volume of 367,132 shares, compared to its average volume of 507,075. The business’s fifty day moving average price is $104.25 and its two-hundred day moving average price is $107.52. Nestlé S.A. has a 52-week low of $99.04 and a 52-week high of $125.41. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.26.

Nestlé Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.