Allspring Global Investments Holdings LLC decreased its stake in shares of Energizer Holdings, Inc. (NYSE:ENR – Get Rating) by 54.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,331 shares of the company’s stock after selling 18,227 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Energizer were worth $385,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ENR. Advisor Group Holdings Inc. lifted its position in Energizer by 15.5% during the first quarter. Advisor Group Holdings Inc. now owns 11,576 shares of the company’s stock worth $405,000 after buying an additional 1,556 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Energizer by 207.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,317 shares of the company’s stock valued at $471,000 after purchasing an additional 10,327 shares during the period. Bank of New York Mellon Corp raised its position in Energizer by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 1,011,203 shares of the company’s stock valued at $31,104,000 after purchasing an additional 59,124 shares during the period. HighTower Advisors LLC raised its position in Energizer by 11.6% in the first quarter. HighTower Advisors LLC now owns 6,901 shares of the company’s stock valued at $211,000 after purchasing an additional 716 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Energizer by 85.8% in the first quarter. PNC Financial Services Group Inc. now owns 20,064 shares of the company’s stock valued at $616,000 after purchasing an additional 9,263 shares during the period. Hedge funds and other institutional investors own 88.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on ENR. Morgan Stanley lifted their target price on Energizer from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 16th. The Goldman Sachs Group reduced their target price on Energizer from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 10th. JPMorgan Chase & Co. boosted their price objective on Energizer from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, January 13th. Canaccord Genuity Group assumed coverage on Energizer in a report on Wednesday, November 16th. They issued a “hold” rating on the stock. Finally, TheStreet downgraded Energizer from a “c” rating to a “d+” rating in a report on Tuesday, November 15th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.14.
Insider Buying and Selling
Energizer Trading Up 0.1 %
ENR opened at $36.32 on Wednesday. Energizer Holdings, Inc. has a 12 month low of $24.81 and a 12 month high of $39.34. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -11.14 and a beta of 1.03. The company has a debt-to-equity ratio of 26.79, a current ratio of 2.28 and a quick ratio of 1.17. The business has a fifty day moving average price of $34.53 and a 200 day moving average price of $30.74.
Energizer (NYSE:ENR – Get Rating) last released its earnings results on Tuesday, November 15th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. Energizer had a positive return on equity of 58.92% and a negative net margin of 7.59%. The firm had revenue of $790.40 million during the quarter, compared to analysts’ expectations of $773.66 million. Sell-side analysts expect that Energizer Holdings, Inc. will post 3.16 earnings per share for the current fiscal year.
Energizer Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 28th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 25th. This represents a $1.20 annualized dividend and a yield of 3.30%. Energizer’s payout ratio is -36.81%.
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.
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