Zeke Capital Advisors LLC boosted its holdings in Energizer Holdings Inc (NYSE:ENR) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,089 shares of the company’s stock after purchasing an additional 1,234 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Energizer were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ENR. FMR LLC increased its stake in Energizer by 36.0% in the first quarter. FMR LLC now owns 3,062,185 shares of the company’s stock valued at $137,584,000 after purchasing an additional 810,576 shares during the last quarter. Norges Bank purchased a new stake in Energizer during the fourth quarter valued at about $28,791,000. Peregrine Capital Management LLC purchased a new stake in Energizer during the first quarter valued at about $15,425,000. Principal Financial Group Inc. grew its position in Energizer by 35.4% during the first quarter. Principal Financial Group Inc. now owns 1,276,286 shares of the company’s stock valued at $57,344,000 after acquiring an additional 333,783 shares during the period. Finally, Boston Partners grew its position in Energizer by 39.0% during the first quarter. Boston Partners now owns 881,202 shares of the company’s stock valued at $39,592,000 after acquiring an additional 247,402 shares during the period. Hedge funds and other institutional investors own 87.79% of the company’s stock.
ENR has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded Energizer from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $45.00 to $36.00 in a research report on Wednesday, June 19th. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and boosted their price target for the company from $38.00 to $52.00 in a research report on Wednesday, June 26th. Citigroup raised Energizer from a “neutral” rating to a “buy” rating and boosted their price target for the company from $50.00 to $54.00 in a research report on Tuesday, May 14th. TheStreet downgraded Energizer from a “b-” rating to a “c” rating in a research report on Friday, June 7th. Finally, Zacks Investment Research downgraded Energizer from a “hold” rating to a “sell” rating and set a $45.00 target price for the company. in a research report on Friday, June 14th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $54.42.
Shares of NYSE ENR traded down $1.05 on Monday, hitting $39.58. The company had a trading volume of 60,394 shares, compared to its average volume of 823,002. Energizer Holdings Inc has a 12-month low of $37.39 and a 12-month high of $65.57. The company has a 50 day moving average price of $39.94. The company has a debt-to-equity ratio of 5.51, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 4.05 and a beta of 0.55.
Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 7th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). Energizer had a return on equity of 102.03% and a net margin of 1.15%. The company had revenue of $556.40 million during the quarter, compared to analysts’ expectations of $565.61 million. During the same period in the previous year, the company earned $0.45 EPS. Energizer’s quarterly revenue was up 48.6% on a year-over-year basis. Equities research analysts predict that Energizer Holdings Inc will post 2.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Monday, August 19th. Energizer’s dividend payout ratio is currently 35.61%.
Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.
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