Wedge Capital Management L L P NC Has $777,000 Position in Energizer Holdings, Inc. (NYSE:ENR)

Wedge Capital Management L L P NC raised its stake in Energizer Holdings, Inc. (NYSE:ENR) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,532 shares of the company’s stock after buying an additional 5,804 shares during the period. Wedge Capital Management L L P NC’s holdings in Energizer were worth $777,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in shares of Energizer during the 4th quarter valued at about $215,000. Louisiana State Employees Retirement System purchased a new stake in shares of Energizer in the fourth quarter worth approximately $1,055,000. Cerity Partners LLC raised its stake in shares of Energizer by 10.7% in the fourth quarter. Cerity Partners LLC now owns 59,822 shares of the company’s stock worth $1,895,000 after purchasing an additional 5,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Energizer by 2.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,259 shares of the company’s stock worth $1,022,000 after purchasing an additional 903 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Energizer by 6.4% in the fourth quarter. New York State Teachers Retirement System now owns 112,699 shares of the company’s stock worth $3,570,000 after purchasing an additional 6,827 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Stock Performance

Shares of ENR opened at $28.40 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 22.02 and a beta of 1.06. The stock has a 50 day moving average of $28.56 and a 200 day moving average of $30.65. Energizer Holdings, Inc. has a 12 month low of $26.92 and a 12 month high of $37.32.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business had revenue of $716.60 million during the quarter, compared to the consensus estimate of $710.73 million. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Energizer Holdings, Inc. will post 3.21 earnings per share for the current year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Tuesday, February 20th. Energizer’s dividend payout ratio is currently 93.02%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays lowered their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.00.

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.