KLP Kapitalforvaltning AS Invests $488,000 in Energizer Holdings, Inc. (NYSE:ENR)

KLP Kapitalforvaltning AS purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,000 shares of the company's stock, valued at approximately $488,000.

Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after buying an additional 356 shares during the period. Neo Ivy Capital Management acquired a new position in Energizer during the 3rd quarter worth approximately $30,000. Quarry LP acquired a new position in Energizer during the 3rd quarter worth approximately $39,000. Smartleaf Asset Management LLC boosted its holdings in Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after acquiring an additional 753 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company's stock valued at $59,000 after acquiring an additional 1,500 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Performance

ENR traded down $1.15 on Tuesday, hitting $25.96. 884,345 shares of the company's stock were exchanged, compared to its average volume of 597,265. 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 fifty day moving average of $30.48 and a two-hundred day moving average of $33.04. Energizer Holdings, Inc. has a twelve month low of $25.90 and a twelve month high of $39.52. The firm has a market cap of $1.87 billion, a PE ratio of 32.86 and a beta of 0.92.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million for the quarter, compared to analysts' expectations of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. On average, research analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.62%. Energizer's dividend payout ratio is currently 151.90%.

Wall Street Analyst Weigh In

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

Energizer 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.