CANADA LIFE ASSURANCE Co Reduces Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

CANADA LIFE ASSURANCE Co cut its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 28.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,160 shares of the company's stock after selling 36,672 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.13% of Energizer worth $3,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ENR. GAMMA Investing LLC raised its holdings in Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company's stock valued at $27,000 after acquiring an additional 356 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company's stock worth $335,000 after buying an additional 392 shares in the last quarter. Bank of Montreal Can boosted its stake in Energizer by 4.1% during the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company's stock worth $418,000 after buying an additional 470 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in Energizer by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company's stock worth $262,000 after buying an additional 477 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ENR. JPMorgan Chase & Co. lowered their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Truist Financial dropped their target price on shares of Energizer from $45.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, April 24th. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Finally, UBS Group decreased their target price on Energizer from $36.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $33.75.

Energizer Stock Down 1.5 %

Shares of ENR traded down $0.41 during mid-day trading on Thursday, reaching $26.63. The company's stock had a trading volume of 126,247 shares, compared to its average volume of 605,730. The company's 50 day moving average is $28.74 and its 200 day moving average is $32.51. 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 stock has a market cap of $1.92 billion, a PE ratio of 33.77 and a beta of 0.92. Energizer Holdings, Inc. has a 12-month low of $25.42 and a 12-month high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same period last year, the firm posted $0.59 EPS. The company's revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Wednesday, May 21st. Energizer's payout ratio is currently 151.90%.

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.