Algert Global LLC Acquires 88,200 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Algert Global LLC significantly increased its stake in Energizer Holdings by 286.7% during the first quarter, acquiring 88,200 shares to bring its total holdings to 118,960 shares valued at approximately $3.56 million.
• Multiple institutional investors, including LSV Asset Management and Millennium Management, also raised their positions in Energizer, indicating strong interest from the investment community and highlighting that institutional investors own 93.74% of the company's stock.
• An earnings report revealed that Energizer exceeded analysts' expectations with an EPS of $1.13 for the last quarter, compared to the consensus estimate of $0.61, and the company announced a quarterly dividend of $0.30 per share set to be paid on September 10th.

Algert Global LLC increased its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 286.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,960 shares of the company's stock after purchasing an additional 88,200 shares during the period. Algert Global LLC owned 0.16% of Energizer worth $3,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ENR. LPL Financial LLC raised its position in shares of Energizer by 14.0% during the 4th quarter. LPL Financial LLC now owns 11,804 shares of the company's stock valued at $412,000 after purchasing an additional 1,446 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Energizer by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 54,122 shares of the company's stock valued at $1,888,000 after purchasing an additional 3,241 shares during the period. Russell Investments Group Ltd. raised its position in shares of Energizer by 21.6% during the 4th 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 period. Bank of Montreal Can raised its position in shares of Energizer by 4.1% during the 4th quarter. Bank of Montreal Can now owns 11,978 shares of the company's stock valued at $418,000 after purchasing an additional 470 shares during the period. Finally, Summit Investment Advisors Inc. raised its position in shares of Energizer by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company's stock valued at $262,000 after purchasing an additional 477 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Energizer Trading Down 2.2%

Shares of Energizer stock traded down $0.6370 during trading on Monday, hitting $28.0030. The stock had a trading volume of 667,071 shares, compared to its average volume of 1,196,355. The firm's fifty day simple moving average is $23.95 and its 200-day simple moving average is $25.90. The stock has a market cap of $1.91 billion, a PE ratio of 8.07 and a beta of 0.63. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.52. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $692.67 million. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. Energizer's dividend payout ratio (DPR) is presently 34.58%.

Analyst Ratings Changes

Several brokerages have recently commented on ENR. UBS Group restated a "neutral" rating and set a $29.00 price objective (up from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. Canaccord Genuity Group cut their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays raised their target price on shares of Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Truist Financial lifted their price objective on shares of Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Energizer has an average rating of "Hold" and a consensus price target of $31.43.

Energizer 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.