Chesapeake Capital Corp IL Grows Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Chesapeake Capital Corp IL boosted its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 52.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,776 shares of the company’s stock after buying an additional 7,117 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Energizer were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENR. Bank of New York Mellon Corp increased its holdings in shares of Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after acquiring an additional 80,163 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Energizer by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock valued at $33,680,000 after purchasing an additional 33,739 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Energizer by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock worth $31,204,000 after purchasing an additional 32,618 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after buying an additional 190,195 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Energizer by 1.5% in the 3rd quarter. Wellington Management Group LLP now owns 483,503 shares of the company’s stock valued at $15,356,000 after buying an additional 7,164 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Down 1.2 %

Energizer stock opened at $30.08 on Wednesday. The stock has a 50 day moving average of $32.34 and a two-hundred day moving average of $33.16. Energizer Holdings, Inc. has a twelve month low of $26.92 and a twelve month high of $39.52. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 38.07 and a beta of 1.09. 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) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. Energizer’s dividend payout ratio (DPR) is 151.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ENR shares. Canaccord Genuity Group lifted their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. UBS Group cut 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. Finally, Morgan Stanley increased their price objective on Energizer from $33.00 to $36.00 and gave the company 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.38.

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.