208,561 Shares in Energizer Holdings, Inc. (NYSE:ENR) Purchased by Norges Bank

Norges Bank bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 208,561 shares of the company’s stock, valued at approximately $7,277,000.

A number of other large investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 356 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Energizer during the 3rd quarter valued at $30,000. Quarry LP acquired a new stake in shares of Energizer during the 3rd quarter valued at $39,000. Smartleaf Asset Management LLC grew its holdings in shares of Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after acquiring an additional 753 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in shares of 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 acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, UBS Group dropped their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.88.

Energizer Price Performance

Shares of Energizer stock opened at $25.96 on Wednesday. Energizer Holdings, Inc. has a 1-year low of $25.90 and a 1-year high of $39.52. The firm has a fifty day simple moving average of $30.48 and a 200-day simple moving average of $33.04. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 32.86 and a beta of 0.92.

Energizer (NYSE:ENR) last released its quarterly earnings results 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. The company had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. On average, sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.62%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio is currently 151.90%.

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.