Bank of America Corp DE Acquires New Holdings in Energizer Holdings, Inc. $ENR

Key Points

• Bank of America acquired 458,365 Energizer shares worth approximately $9.8 million, giving it a 0.67% stake. Institutional investors collectively own 93.74% of the company, with BlackRock also establishing a significant new position.
• Energizer shares opened at $22.02, above their 50-day and 200-day moving averages. The company reported quarterly revenue of $734.1 million, exceeding expectations, but EPS of $0.75 missed estimates.
• Energizer maintains a quarterly dividend of $0.30, equivalent to a 5.4% yield, though its payout ratio is high at 101.69%. Analysts remain cautious, with six Hold ratings, one Sell rating, and an average price target of $21.83.

Bank of America Corp DE bought a new position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 458,365 shares of the company's stock, valued at approximately $9,827,000. Bank of America Corp DE owned 0.67% of Energizer at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Energizer in the second quarter valued at about $201,796,000. Clarkston Capital Partners LLC lifted its stake in Energizer by 9.7% in the 4th quarter. Clarkston Capital Partners LLC now owns 4,227,520 shares of the company's stock valued at $84,085,000 after buying an additional 372,465 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Energizer by 0.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,060,431 shares of the company's stock valued at $33,832,000 after buying an additional 16,637 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Energizer in the 2nd quarter worth about $22,040,000. Finally, Armistice Capital LLC acquired a new stake in Energizer in the 4th quarter worth about $20,606,000. Hedge funds and other institutional investors own 93.74% of the company's stock.

Energizer Stock Performance

NYSE ENR opened at $22.02 on Friday. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. The stock's fifty day moving average is $21.47 and its two-hundred day moving average is $19.81. The firm has a market capitalization of $1.51 billion, a P/E ratio of 18.66 and a beta of 0.77. Energizer Holdings, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $26.14.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.08). The company had revenue of $734.10 million for the quarter, compared to analysts' expectations of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%.The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 EPS. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. On average, research analysts anticipate that Energizer Holdings, Inc. will post 3.31 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.4%. The ex-dividend date was Wednesday, August 19th. Energizer's payout ratio is presently 101.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ENR shares. Barclays raised their target price on Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. UBS Group boosted their price target on Energizer from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on Energizer from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Canaccord Genuity Group set a $18.00 price objective on Energizer in a report on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed a "negative" rating and set a $21.00 target price on shares of Energizer in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $21.83.

Insiders Place Their Bets

In other news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the company's stock in a transaction dated Monday, July 20th. The stock was acquired at an average price of $20.02 per share, with a total value of $1,201,200.00. Following the purchase, the insider directly owned 7,820,000 shares in the company, valued at approximately $156,556,400. This represents a 0.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have bought 260,000 shares of company stock valued at $5,301,400. Insiders own 1.63% of the company's stock.

About Energizer

Energizer Holdings, Inc NYSE: ENR is a global consumer products company focused on household batteries, specialty batteries, portable lighting and automotive appearance and maintenance products. Its portfolio includes well-known battery brands such as Energizer, Eveready and Rayovac, along with automotive brands including Armor All, STP, A/C PRO and Nu Finish.

The company offers alkaline, lithium, rechargeable and specialty batteries for consumer electronics, toys, portable devices and other everyday applications.

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