Wells Fargo & Company MN Raises Position in EnerSys (NYSE:ENS)

Wells Fargo & Company MN raised its stake in EnerSys (NYSE:ENS - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,836 shares of the industrial products company's stock after purchasing an additional 3,609 shares during the quarter. Wells Fargo & Company MN owned 0.40% of EnerSys worth $14,496,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC grew its position in EnerSys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after buying an additional 403 shares during the last quarter. R Squared Ltd acquired a new position in shares of EnerSys during the fourth quarter worth about $47,000. Parkside Financial Bank & Trust lifted its position in EnerSys by 110.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 678 shares during the period. KBC Group NV boosted its holdings in EnerSys by 64.0% in the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 727 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of EnerSys during the 4th quarter worth approximately $172,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $117.50.

EnerSys Price Performance

NYSE ENS traded up $0.51 during mid-day trading on Friday, hitting $82.63. The stock had a trading volume of 211,747 shares, compared to its average volume of 285,715. EnerSys has a 52-week low of $76.57 and a 52-week high of $112.53. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.57 and a beta of 1.15. The company has a 50 day simple moving average of $93.88 and a 200 day simple moving average of $95.78. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. Equities analysts forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.16%. EnerSys's dividend payout ratio (DPR) is 11.88%.

EnerSys Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.