Bryce Point Capital LLC Acquires New Stake in Energizer Holdings, Inc. (NYSE:ENR)

Bryce Point Capital LLC bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 43,916 shares of the company’s stock, valued at approximately $1,532,000.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Energizer in the fourth quarter valued at approximately $11,718,000. Brandywine Global Investment Management LLC purchased a new position in Energizer in the 4th quarter valued at approximately $7,685,000. Norges Bank purchased a new stake in shares of Energizer during the fourth quarter worth $7,277,000. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 179,521 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Energizer in the fourth quarter valued at $5,545,000. 93.74% of the stock is owned by institutional investors and hedge funds.

Energizer Trading Down 0.3 %

Shares of Energizer stock opened at $29.83 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a fifty day simple moving average of $31.24 and a 200-day simple moving average of $33.12. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 37.75 and a beta of 1.09. Energizer Holdings, Inc. has a 12-month low of $26.92 and a 12-month high of $39.52.

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

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is 151.90%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ENR. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price 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. Barclays lowered their price target on shares of Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. Finally, UBS Group lowered their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Energizer has an average rating of “Hold” and a consensus target price 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.