US Bancorp DE Lowers Holdings in Energizer Holdings, Inc. (NYSE:ENR)

US Bancorp DE cut its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,991 shares of the company’s stock after selling 602 shares during the period. US Bancorp DE’s holdings in Energizer were worth $663,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Wakefield Asset Management LLLP bought a new stake in Energizer in the 4th quarter worth approximately $1,023,000. Proficio Capital Partners LLC bought a new stake in Energizer in the 4th quarter worth approximately $411,000. Bank of New York Mellon Corp increased its stake in Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock worth $35,695,000 after acquiring an additional 80,163 shares during the last quarter. Ieq Capital LLC bought a new stake in Energizer in the 4th quarter worth approximately $212,000. Finally, Sanctuary Advisors LLC increased its position in shares of Energizer by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after purchasing an additional 392 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Trading Down 2.4 %

Shares of NYSE ENR opened at $30.43 on Wednesday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The stock has a market capitalization of $2.20 billion, a P/E ratio of 38.52 and a beta of 1.09. Energizer Holdings, Inc. has a 1-year low of $26.92 and a 1-year high of $39.51. The business has a fifty day moving average price of $32.90 and a 200 day moving average price of $33.24.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. UBS Group cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group boosted their target price on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.38.

Energizer Company Profile

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.