Norges Bank Takes Position in Energizer Holdings, Inc. (NYSE:ENR)

Norges Bank purchased a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 208,561 shares of the company's stock, valued at approximately $7,277,000. Norges Bank owned 0.29% of Energizer as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ENR. Raymond James Financial Inc. acquired a new stake in Energizer during the fourth quarter worth about $11,718,000. JPMorgan Chase & Co. lifted its holdings in shares of Energizer by 76.4% during the 4th quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock valued at $14,461,000 after acquiring an additional 179,521 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Energizer during the 4th quarter worth $5,545,000. NewSquare Capital LLC acquired a new stake in Energizer in the 4th quarter valued at $3,783,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Energizer in the fourth quarter valued at about $3,782,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Barclays decreased their price target on shares of Energizer from $32.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday. UBS Group dropped their price target on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.25.

Energizer Trading Up 0.8 %

NYSE:ENR traded up $0.20 during mid-day trading on Monday, hitting $26.81. 12,476 shares of the company's stock were exchanged, compared to its average volume of 600,222. The company has a 50 day simple moving average of $29.93 and a 200-day simple moving average of $32.95. Energizer Holdings, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $39.52. The firm has a market capitalization of $1.94 billion, a P/E ratio of 33.90 and a beta of 0.92. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

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

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.