American International Group Inc. Increases Holdings in Energizer Holdings Inc (ENR)

American International Group Inc. raised its position in shares of Energizer Holdings Inc (NYSE:ENR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,692 shares of the company’s stock after buying an additional 1,391 shares during the quarter. American International Group Inc. owned about 0.20% of Energizer worth $7,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Energizer by 0.3% during the second quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock valued at $335,535,000 after buying an additional 15,326 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Energizer by 4.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,160,218 shares of the company’s stock worth $302,647,000 after purchasing an additional 243,347 shares during the period. Ceredex Value Advisors LLC raised its position in shares of Energizer by 1.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 2,988,621 shares of the company’s stock worth $175,283,000 after purchasing an additional 38,833 shares during the period. FMR LLC raised its position in shares of Energizer by 142.1% during the 2nd quarter. FMR LLC now owns 1,966,141 shares of the company’s stock worth $123,788,000 after purchasing an additional 1,153,941 shares during the period. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Energizer during the 2nd quarter worth approximately $69,256,000. Hedge funds and other institutional investors own 93.12% of the company’s stock.

In other Energizer news, Director John Eddy Klein bought 2,200 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were purchased at an average cost of $46.00 per share, for a total transaction of $101,200.00. Following the transaction, the director now directly owns 4,591 shares in the company, valued at $211,186. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert V. Vitale bought 4,160 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was acquired at an average price of $47.89 per share, for a total transaction of $199,222.40. Following the completion of the transaction, the director now owns 6,460 shares in the company, valued at $309,369.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 3,000 shares of company stock worth $180,570. 1.79% of the stock is owned by insiders.

ENR opened at $45.73 on Tuesday. Energizer Holdings Inc has a 12 month low of $44.57 and a 12 month high of $65.57. The company has a debt-to-equity ratio of 39.84, a quick ratio of 1.13 and a current ratio of 1.56. The company has a market capitalization of $2.67 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Energizer (NYSE:ENR) last posted its earnings results on Thursday, November 15th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. Energizer had a return on equity of 549.70% and a net margin of 5.20%. The firm had revenue of $457.20 million for the quarter, compared to analysts’ expectations of $459.64 million. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts expect that Energizer Holdings Inc will post 3.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Friday, November 30th will be given a $0.30 dividend. This is a boost from Energizer’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 2.62%. The ex-dividend date is Thursday, November 29th. Energizer’s dividend payout ratio (DPR) is currently 34.42%.

A number of brokerages have recently weighed in on ENR. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $68.00 price target on shares of Energizer in a research report on Wednesday, November 28th. ValuEngine cut Energizer from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Royal Bank of Canada increased their price target on Energizer to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 26th. Finally, TheStreet cut Energizer from a “b” rating to a “c+” rating in a research report on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.60.

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Energizer 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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.

See Also: Preferred Stock

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Institutional Ownership by Quarter for Energizer (NYSE:ENR)

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