Ontario Teachers Pension Plan Board Buys New Position in Energizer Holdings, Inc. (NYSE:ENR)

Ontario Teachers Pension Plan Board bought a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR) in the 1st quarter, Holdings Channel.com reports. The firm bought 21,262 shares of the company’s stock, valued at approximately $738,000.

Several other large investors also recently added to or reduced their stakes in ENR. Ancora Advisors LLC purchased a new position in Energizer during the first quarter valued at approximately $37,000. Signaturefd LLC lifted its holdings in Energizer by 58.1% during the first quarter. Signaturefd LLC now owns 1,097 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Energizer during the fourth quarter valued at approximately $43,000. Captrust Financial Advisors lifted its holdings in Energizer by 107.4% during the first quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock valued at $62,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Energizer by 11.6% during the third quarter. Public Employees Retirement System of Ohio now owns 3,919 shares of the company’s stock valued at $99,000 after purchasing an additional 408 shares in the last quarter. 83.74% of the stock is currently owned by institutional investors.

Energizer Trading Down 0.5 %

ENR stock opened at $35.30 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.11 and a debt-to-equity ratio of 20.23. Energizer Holdings, Inc. has a twelve month low of $24.81 and a twelve month high of $37.89. The firm’s fifty day simple moving average is $34.50 and its two-hundred day simple moving average is $34.02.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The company had revenue of $699.40 million during the quarter, compared to the consensus estimate of $743.05 million. Energizer had a positive return on equity of 135.74% and a negative net margin of 8.24%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. Analysts predict that Energizer Holdings, Inc. will post 3.04 earnings per share for the current year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, August 21st. Energizer’s payout ratio is presently -35.09%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENR. StockNews.com raised shares of Energizer from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada lowered their target price on shares of Energizer from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Truist Financial downgraded shares of Energizer from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $35.00 in a report on Monday, August 28th. Finally, Morgan Stanley lowered their target price on shares of Energizer from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.00.

Energizer Company Profile

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.