Corebridge Financial Inc. Has $5.98 Million Stake in EnerSys (NYSE:ENS)

Corebridge Financial Inc. lessened its position in EnerSys (NYSE:ENS - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,673 shares of the industrial products company's stock after selling 4,014 shares during the quarter. Corebridge Financial Inc. owned about 0.16% of EnerSys worth $5,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of EnerSys in the fourth quarter worth about $47,000. Millburn Ridgefield Corp bought a new position in EnerSys in the 3rd quarter worth approximately $88,000. Proficio Capital Partners LLC bought a new stake in shares of EnerSys in the fourth quarter valued at approximately $105,000. Parkside Financial Bank & Trust boosted its position in shares of EnerSys by 110.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after acquiring an additional 678 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of EnerSys in the third quarter worth $125,000. Institutional investors own 94.93% of the company's stock.

EnerSys Stock Performance

ENS stock traded down $9.76 during midday trading on Thursday, hitting $83.26. The stock had a trading volume of 498,256 shares, compared to its average volume of 279,080. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $97.88 and a 200 day simple moving average of $97.46. EnerSys has a 52 week low of $82.97 and a 52 week high of $112.53.

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EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, equities research analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. EnerSys's payout ratio is presently 11.88%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $117.50.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.