New York State Common Retirement Fund Sells 551 Shares of Energizer Holdings, Inc. (NYSE:ENR)

New York State Common Retirement Fund trimmed its stake in shares of Energizer Holdings, Inc. (NYSE:ENR) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,405 shares of the company’s stock after selling 551 shares during the quarter. New York State Common Retirement Fund’s holdings in Energizer were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in ENR. GAMMA Investing LLC raised its position in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Energizer during the third quarter worth about $30,000. Quarry LP bought a new position in shares of Energizer during the third quarter worth about $39,000. Prospera Private Wealth LLC bought a new stake in Energizer in the third quarter worth approximately $42,000. Finally, Central Pacific Bank Trust Division increased its holdings in Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after purchasing an additional 1,500 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Stock Performance

Shares of ENR opened at $30.06 on Tuesday. The firm has a market cap of $2.17 billion, a PE ratio of 38.05 and a beta of 1.06. The stock’s fifty day moving average price is $33.50 and its two-hundred day moving average price is $33.20. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (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 for the quarter, compared to analyst estimates of $726.23 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. Energizer’s payout ratio is 151.90%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ENR. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Morgan Stanley lifted their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. 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. Canaccord Genuity Group boosted their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.38.

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.