Public Employees Retirement Association of Colorado reduced its position in Energizer (NYSE:ENR) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,103 shares of the company’s stock after selling 1,404 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Energizer were worth $781,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Ford Financial Group Inc. bought a new position in Energizer during the fourth quarter worth $114,000. Captrust Financial Advisors bought a new position in Energizer during the fourth quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Energizer by 51.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock worth $175,000 after acquiring an additional 1,231 shares in the last quarter. Virtu Financial LLC bought a new position in Energizer during the fourth quarter worth $215,000. Finally, Paloma Partners Management Co boosted its stake in Energizer by 154.0% during the fourth quarter. Paloma Partners Management Co now owns 5,057 shares of the company’s stock worth $242,000 after acquiring an additional 14,414 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on ENR shares. Bank of America increased their target price on shares of Energizer from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Thursday, April 12th. Royal Bank of Canada reissued a “buy” rating and set a $65.00 target price on shares of Energizer in a research note on Thursday, February 1st. Zacks Investment Research lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Morgan Stanley increased their target price on shares of Energizer from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Finally, Jefferies Group reissued a “hold” rating and set a $62.00 target price on shares of Energizer in a research note on Thursday, March 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.50.
Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Energizer had a net margin of 7.13% and a return on equity of 292.85%. The firm had revenue of $374.40 million for the quarter, compared to the consensus estimate of $374.32 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Energizer will post 3.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Monday, May 21st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.16 annualized dividend and a yield of 2.04%. Energizer’s payout ratio is 38.93%.
In other Energizer news, VP Susan K. Drath sold 13,904 shares of the company’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $63.27, for a total transaction of $879,706.08. Following the transaction, the vice president now owns 22,367 shares in the company, valued at $1,415,160.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.79% of the company’s stock.
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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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