Balyasny Asset Management L.P. Grows Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Balyasny Asset Management L.P. lifted its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 427.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,901 shares of the company's stock after buying an additional 218,759 shares during the quarter. Balyasny Asset Management L.P. owned about 0.37% of Energizer worth $9,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ENR. LSV Asset Management increased its stake in Energizer by 6.7% in the 4th quarter. LSV Asset Management now owns 1,812,700 shares of the company's stock worth $63,245,000 after acquiring an additional 114,600 shares during the last quarter. Bank of New York Mellon Corp raised its position in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock valued at $35,695,000 after purchasing an additional 80,163 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Energizer by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock valued at $35,375,000 after purchasing an additional 30,185 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Energizer by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock valued at $33,680,000 after acquiring an additional 33,739 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Energizer by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock worth $31,204,000 after acquiring an additional 32,618 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

Insider Buying and Selling at Energizer

In other Energizer news, CEO Mark Stephen Lavigne acquired 4,000 shares of the company's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $21.67 per share, with a total value of $86,680.00. Following the completion of the purchase, the chief executive officer now owns 277,645 shares of the company's stock, valued at approximately $6,016,567.15. This represents a 1.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Moore bought 10,000 shares of the stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $23.10 per share, with a total value of $231,000.00. Following the acquisition, the director now owns 15,000 shares of the company's stock, valued at $346,500. The trade was a 200.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.98% of the company's stock.

Energizer Stock Down 0.0%

NYSE:ENR traded down $0.01 during trading hours on Tuesday, reaching $22.86. The company's stock had a trading volume of 1,270,146 shares, compared to its average volume of 646,928. Energizer Holdings, Inc. has a one year low of $21.49 and a one year high of $39.52. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 28.94 and a beta of 0.77. The business's 50-day moving average is $27.54 and its 200-day moving average is $31.98.

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

Energizer Dividend Announcement

The firm 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Wednesday, May 21st. Energizer's dividend payout ratio is currently 164.38%.

Wall Street Analyst Weigh In

ENR has been the subject of a number of research reports. Truist Financial lowered their price target on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays reduced their price objective on Energizer from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Canaccord Genuity Group lowered their target price on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Energizer presently has a consensus rating of "Hold" and an average target price of $31.50.

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.