Louisiana State Employees Retirement System Makes New Investment in Energizer Holdings, Inc. (NYSE:ENR)

Louisiana State Employees Retirement System purchased a new position in Energizer Holdings, Inc. (NYSE:ENR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,300 shares of the company’s stock, valued at approximately $1,055,000.

A number of other large investors have also added to or reduced their stakes in ENR. SG Americas Securities LLC bought a new stake in Energizer in the 3rd quarter worth $503,000. State of Alaska Department of Revenue lifted its position in shares of Energizer by 402.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 41,391 shares of the company’s stock worth $1,326,000 after purchasing an additional 33,154 shares during the period. Maryland State Retirement & Pension System purchased a new stake in shares of Energizer in the 3rd quarter worth about $785,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Energizer by 2.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock worth $535,000 after purchasing an additional 324 shares during the period. Finally, Miracle Mile Advisors LLC lifted its position in shares of Energizer by 6.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,076 shares of the company’s stock worth $387,000 after purchasing an additional 729 shares during the period. Institutional investors own 93.74% of the company’s stock.

Analyst Upgrades and Downgrades

ENR has been the subject of several research analyst reports. Barclays dropped their target price on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average target price of $35.00.

Energizer Stock Up 1.3 %

Shares of Energizer stock opened at $28.96 on Wednesday. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. The stock has a market capitalization of $2.08 billion, a PE ratio of 22.45 and a beta of 1.06. Energizer Holdings, Inc. has a 52-week low of $26.92 and a 52-week high of $37.32. The company has a 50-day simple moving average of $28.61 and a two-hundred day simple moving average of $30.67.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The business had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. During the same period in the previous year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts anticipate that Energizer Holdings, Inc. will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.14%. Energizer’s dividend payout ratio is presently 93.02%.

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.