JPMorgan Chase & Co. Has $14.46 Million Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

JPMorgan Chase & Co. raised its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 76.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,473 shares of the company's stock after buying an additional 179,521 shares during the quarter. JPMorgan Chase & Co. owned 0.57% of Energizer worth $14,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ENR. GAMMA Investing LLC grew its position in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after purchasing an additional 753 shares during the period. Central Pacific Bank Trust Division grew 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 purchasing an additional 1,500 shares during the last quarter. R Squared Ltd acquired a new stake in Energizer in the fourth quarter valued at $82,000. Finally, Hager Investment Management Services LLC bought a new position in Energizer during the 4th quarter worth $102,000. 93.74% of the stock is owned by institutional investors.

Energizer Stock Up 2.3 %

NYSE:ENR traded up $0.60 during trading hours on Thursday, reaching $26.64. The company had a trading volume of 70,275 shares, compared to its average volume of 601,509. Energizer Holdings, Inc. has a twelve month low of $25.42 and a twelve month high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 33.72 and a beta of 0.92. The business's 50-day simple moving average is $29.59 and its two-hundred day simple moving average is $32.83.

Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $726.23 million. During the same period last year, the business 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 analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Thursday, February 20th. Energizer's payout ratio is 151.90%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ENR. JPMorgan Chase & Co. decreased their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Barclays lowered their price target on shares of Energizer from $32.00 to $27.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Finally, UBS Group dropped their target price on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.25.

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.