BNP Paribas Financial Markets Lowers Stock Holdings in Energizer Holdings, Inc. (NYSE:ENR)

BNP Paribas Financial Markets reduced its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 80.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,873 shares of the company's stock after selling 45,796 shares during the period. BNP Paribas Financial Markets' holdings in Energizer were worth $379,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of Energizer by 100.9% during the 3rd quarter. Barclays PLC now owns 139,890 shares of the company's stock worth $4,443,000 after buying an additional 70,254 shares during the last quarter. Vista Investment Partners LLC acquired a new stake in Energizer during the fourth quarter worth approximately $553,000. KBC Group NV lifted its position in Energizer by 5,308.0% during the fourth quarter. KBC Group NV now owns 89,664 shares of the company's stock worth $3,128,000 after acquiring an additional 88,006 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Energizer by 5.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company's stock worth $357,000 after buying an additional 485 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Energizer during the fourth quarter worth $82,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Energizer

In related news, Director Donal L. Mulligan purchased 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $236,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Stephen Lavigne acquired 4,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $21.67 per share, with a total value of $86,680.00. Following the completion of the transaction, the chief executive officer now directly owns 277,645 shares of the company's stock, valued at $6,016,567.15. This trade represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 25,000 shares of company stock worth $578,140. 0.98% of the stock is owned by company insiders.

Energizer Price Performance

ENR stock traded down $0.08 during trading on Friday, reaching $23.20. 60,087 shares of the company were exchanged, compared to its average volume of 659,608. The company has a 50-day moving average of $25.89 and a two-hundred day moving average of $31.19. Energizer Holdings, Inc. has a twelve month low of $21.49 and a twelve month 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 capitalization of $1.67 billion, a price-to-earnings ratio of 29.38 and a beta of 0.77.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $670.85 million. During the same quarter last year, the company earned $0.72 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.17%. Energizer's payout ratio is currently 164.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and set a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Barclays lifted their price target on shares of Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, May 16th. Truist Financial dropped their price target on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group dropped their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $31.63.

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.