Nuveen Asset Management LLC Boosts Stock Position in Energizer Holdings, Inc. (NYSE:ENR)

Nuveen Asset Management LLC lifted its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,549 shares of the company's stock after acquiring an additional 45,638 shares during the period. Nuveen Asset Management LLC owned 0.42% of Energizer worth $10,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock worth $43,265,000 after purchasing an additional 496,146 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Energizer during the 4th quarter worth approximately $11,718,000. Brandywine Global Investment Management LLC purchased a new position in Energizer during the 4th quarter worth approximately $7,685,000. Balyasny Asset Management L.P. lifted its stake in Energizer by 427.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock valued at $9,417,000 after acquiring an additional 218,759 shares during the period. Finally, Norges Bank purchased a new stake in shares of Energizer in the 4th quarter valued at $7,277,000. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Price Performance

NYSE ENR remained flat at $23.28 during trading hours on Friday. The company had a trading volume of 1,463,401 shares, compared to its average volume of 665,172. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.47 and a beta of 0.77. The firm has a fifty day moving average price of $25.89 and a 200-day moving average price of $31.19. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. Energizer Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. During the same period in the previous year, the company earned $0.72 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.15%. The ex-dividend date is Wednesday, May 21st. Energizer's payout ratio is 164.38%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ENR shares. Barclays raised their target price on shares of Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. Canaccord Genuity Group reduced their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. UBS Group lowered their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Wall Street Zen downgraded Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Energizer currently has an average rating of "Hold" and a consensus price target of $31.63.

Insider Activity

In other news, CEO Mark Stephen Lavigne bought 4,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the transaction, the chief executive officer now directly owns 277,645 shares in the company, valued at $6,016,567.15. The trade was a 1.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donal L. Mulligan acquired 10,000 shares of Energizer stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $236,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,000 shares of company stock worth $578,140 over the last 90 days. 0.98% of the stock is currently owned by company insiders.

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.