Wells Fargo & Company MN Increases Stake in EnerSys (NYSE:ENS)

Wells Fargo & Company MN raised its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,836 shares of the industrial products company's stock after purchasing an additional 3,609 shares during the quarter. Wells Fargo & Company MN owned 0.40% of EnerSys worth $14,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ENS. Headlands Technologies LLC lifted its holdings in shares of EnerSys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 403 shares during the last quarter. R Squared Ltd purchased a new position in shares of EnerSys in the 4th quarter worth approximately $47,000. Proficio Capital Partners LLC bought a new position in shares of EnerSys during the 4th quarter valued at approximately $105,000. Parkside Financial Bank & Trust raised its holdings in EnerSys by 110.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after buying an additional 678 shares during the period. Finally, KBC Group NV lifted its position in EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock worth $172,000 after buying an additional 727 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Trading Up 0.6 %

ENS traded up $0.51 during trading hours on Friday, reaching $82.63. 211,747 shares of the company's stock traded hands, compared to its average volume of 285,652. EnerSys has a 52-week low of $76.57 and a 52-week high of $112.53. The firm has a market capitalization of $3.26 billion, a PE ratio of 10.23, a PEG ratio of 0.57 and a beta of 1.15. The firm has a 50-day moving average price of $93.88 and a 200 day moving average price of $95.80. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping 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, sell-side analysts predict that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $117.50.

EnerSys Profile

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.