Corebridge Financial Inc. Sells 4,014 Shares of EnerSys (NYSE:ENS)

Corebridge Financial Inc. lowered its stake in shares of EnerSys (NYSE:ENS) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,673 shares of the industrial products company’s stock after selling 4,014 shares during the quarter. Corebridge Financial Inc. owned 0.16% of EnerSys worth $5,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ENS. R Squared Ltd purchased a new stake in shares of EnerSys in the fourth quarter valued at about $47,000. Millburn Ridgefield Corp bought a new stake in EnerSys in the 3rd quarter worth about $88,000. Proficio Capital Partners LLC purchased a new stake in EnerSys in the 4th quarter valued at about $105,000. Parkside Financial Bank & Trust boosted its stake in shares of EnerSys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock worth $120,000 after buying an additional 678 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of EnerSys in the third quarter valued at approximately $125,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ENS. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, EnerSys currently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Price Performance

Shares of NYSE ENS opened at $93.11 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $98.64 and a two-hundred day simple moving average of $97.67. EnerSys has a 1-year low of $88.50 and a 1-year high of $112.53. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys’s dividend payout ratio (DPR) is currently 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.