State of New Jersey Common Pension Fund D Sells 9,025 Shares of Energizer Holdings, Inc. (NYSE:ENR)

State of New Jersey Common Pension Fund D lowered its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,353 shares of the company's stock after selling 9,025 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of Energizer worth $1,966,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Energizer during the 3rd quarter valued at $30,000. Quarry LP bought a new stake in Energizer during the third quarter worth approximately $39,000. Prospera Private Wealth LLC acquired a new position in Energizer during the third quarter worth about $42,000. Finally, Central Pacific Bank Trust Division boosted its holdings in Energizer by 750.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company's stock worth $59,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ENR shares. Canaccord Genuity Group boosted their target price on Energizer from $32.00 to $36.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research note on Thursday, January 30th. UBS Group decreased their price target on Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Barclays downgraded shares of Energizer from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Morgan Stanley lifted their price target on Energizer from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $38.38.

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Energizer Trading Down 0.6 %

ENR stock traded down $0.19 during trading on Thursday, reaching $30.82. 642,423 shares of the stock were exchanged, compared to its average volume of 585,922. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 39.01 and a beta of 1.06. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.51. 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 business has a 50 day moving average price of $33.69 and a 200-day moving average price of $33.15.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) 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 company had revenue of $731.70 million for the quarter, compared to analysts' expectations of $726.23 million. During the same period in the previous year, the company posted $0.59 EPS. Energizer's revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. Energizer's dividend payout ratio (DPR) is 151.90%.

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.