Everence Capital Management Inc. Acquires New Shares in Energizer Holdings, Inc. (NYSE:ENR)

Everence Capital Management Inc. purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,800 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Energizer by 13.8% during the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after buying an additional 1,126,158 shares in the last quarter. BlackRock Inc. increased its position in Energizer by 2.7% during the second quarter. BlackRock Inc. now owns 7,826,006 shares of the company’s stock worth $262,797,000 after buying an additional 203,193 shares in the last quarter. FMR LLC increased its position in Energizer by 28.2% during the third quarter. FMR LLC now owns 6,860,185 shares of the company’s stock worth $219,800,000 after buying an additional 1,508,081 shares in the last quarter. State Street Corp increased its position in Energizer by 1.5% during the second quarter. State Street Corp now owns 2,388,653 shares of the company’s stock worth $80,211,000 after buying an additional 35,710 shares in the last quarter. Finally, LSV Asset Management increased its position in Energizer by 1.4% during the third quarter. LSV Asset Management now owns 1,750,934 shares of the company’s stock worth $56,100,000 after buying an additional 23,844 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ENR shares. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Barclays decreased their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

Energizer Price Performance

Shares of Energizer stock opened at $28.41 on Friday. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $37.32. The stock has a market capitalization of $2.04 billion, a P/E ratio of 22.02 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The business’s fifty day moving average price is $28.68 and its 200 day moving average price is $30.66.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The firm had revenue of $716.60 million for the quarter, compared to analysts’ expectations of $710.73 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Energizer Holdings, Inc. will post 3.21 earnings per share for the current year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Tuesday, February 20th. Energizer’s payout ratio is currently 93.02%.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.