Sei Investments Co. Sells 1,095 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Sei Investments Co. cut its holdings in Energizer Holdings, Inc. (NYSE:ENR) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 14,406 shares of the company’s stock after selling 1,095 shares during the quarter. Sei Investments Co.’s holdings in Energizer were worth $503,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC increased its stake in Energizer by 166.3% in the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after acquiring an additional 21,667 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Energizer during the third quarter worth about $584,000. Vista Investment Partners LLC bought a new position in shares of Energizer during the fourth quarter valued at $553,000. Smartleaf Asset Management LLC raised its position in Energizer by 94.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after purchasing an additional 753 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Energizer by 5,308.0% in the fourth quarter. KBC Group NV now owns 89,664 shares of the company’s stock valued at $3,128,000 after acquiring an additional 88,006 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Trading Up 4.3 %

Shares of ENR opened at $27.15 on Thursday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The company has a 50 day simple moving average of $30.20 and a two-hundred day simple moving average of $32.98. Energizer Holdings, Inc. has a 1 year low of $25.42 and a 1 year high of $39.52. The firm has a market cap of $1.96 billion, a P/E ratio of 34.37 and a beta of 0.92.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same period last year, the firm posted $0.59 earnings per share. Energizer’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Analyst Ratings Changes

ENR has been the subject of a number of research analyst reports. UBS Group lowered their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays dropped their price target on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Energizer currently has a consensus rating of “Hold” and a consensus price target of $37.88.

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.