Mitsubishi UFJ Trust & Banking Corp Increases Stake in Energizer Holdings, Inc. (NYSE:ENR)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 93,681 shares of the company’s stock after purchasing an additional 1,833 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Energizer were worth $3,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after buying an additional 392 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Energizer by 5.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock worth $357,000 after buying an additional 485 shares during the period. SkyView Investment Advisors LLC boosted its position in Energizer by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock valued at $583,000 after acquiring an additional 513 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after acquiring an additional 753 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ENR. Barclays decreased their price objective on Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. StockNews.com cut shares of 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 objective on shares of Energizer in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, UBS Group reduced 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.88.

Energizer Stock Performance

Shares of ENR stock opened at $29.91 on Tuesday. The business has a fifty day moving average of $31.35 and a 200 day moving average of $33.11. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $39.52. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.86 and a beta of 1.09.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. During the same period last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter 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 disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders 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 dividend yield of 4.01%. Energizer’s payout ratio is currently 151.90%.

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.