Cerity Partners LLC Decreases Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Cerity Partners LLC cut its holdings in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,575 shares of the company's stock after selling 12,506 shares during the quarter. Cerity Partners LLC owned about 0.09% of Energizer worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of ENR. Raymond James Financial Inc. purchased a new stake in shares of Energizer during the fourth quarter worth $11,718,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Energizer in the 4th quarter valued at approximately $7,685,000. Norges Bank purchased a new stake in shares of Energizer during the 4th quarter worth $7,277,000. JPMorgan Chase & Co. increased its holdings in Energizer by 76.4% in the fourth quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock valued at $14,461,000 after buying an additional 179,521 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Energizer in the fourth quarter valued at $5,545,000. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Stock Performance

Shares of ENR stock traded down $0.21 during mid-day trading on Monday, hitting $26.54. The stock had a trading volume of 528,032 shares, compared to its average volume of 604,004. Energizer Holdings, Inc. has a fifty-two week low of $25.42 and a fifty-two week high of $39.52. 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's 50-day simple moving average is $29.31 and its 200-day simple moving average is $32.74. The firm has a market cap of $1.92 billion, a PE ratio of 33.60 and a beta of 0.92.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million for the quarter, compared to analysts' expectations of $726.23 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business 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 of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.52%. Energizer's dividend payout ratio (DPR) is presently 151.90%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ENR shares. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. StockNews.com downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Royal Bank of Canada reiterated a "sector perform" rating and set a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. Barclays dropped their price target on Energizer from $32.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group decreased their price objective on Energizer from $36.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.00.

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, 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.