EnerSys (NYSE:ENS – Get Free Report) announced a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.225 per share by the industrial products company on Friday, March 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 14th.
EnerSys has increased its dividend payment by an average of 4.6% per year over the last three years and has increased its dividend every year for the last 1 years. EnerSys has a payout ratio of 9.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect EnerSys to earn $8.83 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 10.2%.
EnerSys Stock Performance
Shares of NYSE:ENS opened at $90.97 on Friday. EnerSys has a twelve month low of $78.81 and a twelve month high of $113.34. The firm has a market cap of $3.68 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.68. The business has a fifty day moving average of $97.20 and a 200-day moving average of $96.09.
Analysts Set New Price Targets
A number of analysts recently commented on the company. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Oppenheimer lowered EnerSys from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, William Blair cut EnerSys from an “outperform” rating to a “market perform” rating in a report on Monday, November 6th.
Hedge Funds Weigh In On EnerSys
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of EnerSys during the 4th quarter valued at about $26,527,000. Millennium Management LLC lifted its holdings in shares of EnerSys by 1,380.0% during the 2nd quarter. Millennium Management LLC now owns 348,195 shares of the industrial products company’s stock valued at $20,530,000 after purchasing an additional 324,669 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of EnerSys by 4,397.9% during the 3rd quarter. Royal Bank of Canada now owns 218,463 shares of the industrial products company’s stock valued at $20,682,000 after purchasing an additional 213,606 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of EnerSys by 85.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 374,955 shares of the industrial products company’s stock valued at $40,690,000 after purchasing an additional 172,789 shares in the last quarter. Finally, CI Private Wealth LLC bought a new position in shares of EnerSys during the 4th quarter valued at about $10,725,000. Institutional investors own 91.56% of the company’s stock.
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
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