Fmr LLC Decreases Position in Energizer Holdings, Inc. (NYSE:ENR)

FMR LLC cut its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,446,138 shares of the company's stock after selling 821,531 shares during the quarter. FMR LLC owned approximately 6.16% of Energizer worth $155,126,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Inspire Investing LLC increased its position in shares of Energizer by 166.3% in the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company's stock valued at $1,210,000 after purchasing an additional 21,667 shares during the last quarter. Vista Investment Partners LLC acquired a new stake in Energizer in the fourth quarter valued at $553,000. Smartleaf Asset Management LLC lifted its holdings in Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after buying an additional 753 shares during the last quarter. KBC Group NV boosted its position in shares of Energizer by 5,308.0% during the 4th quarter. KBC Group NV now owns 89,664 shares of the company's stock worth $3,128,000 after acquiring an additional 88,006 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $35,695,000 after acquiring an additional 80,163 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Stock Performance

Shares of NYSE:ENR traded up $0.75 during midday trading on Thursday, hitting $26.79. The stock had a trading volume of 206,491 shares, compared to its average volume of 602,085. 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 company has a market capitalization of $1.93 billion, a PE ratio of 33.94 and a beta of 0.92. Energizer Holdings, Inc. has a 1 year low of $25.42 and a 1 year high of $39.52. The stock has a 50 day moving average price of $29.59 and a two-hundred day moving average price of $32.83.

Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same period in the prior year, the business posted $0.59 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer's dividend payout ratio is currently 151.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ENR shares. StockNews.com downgraded Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. UBS Group reduced their price target on shares of Energizer from $36.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Barclays decreased their target price on Energizer from $32.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Seven research 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, the stock presently has an average rating of "Hold" and a consensus price target of $35.00.

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.