Charles Schwab Investment Management Inc. Acquires 37,678 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Energizer Holdings, Inc. by 3.9%, owning about 1.39% of the company valued at approximately $30 million.
• Several other institutional investors, including Principal Financial Group and Nuveen Asset Management, have also made significant changes to their holdings in Energizer, contributing to a collective ownership of 93.74% of the company's stock.
• Energizer reported an earnings per share of $1.13, beating estimates, and has announced a quarterly dividend of $0.30 to be paid on September 10th, yielding 4.2% annually.

Charles Schwab Investment Management Inc. lifted its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,002,988 shares of the company's stock after purchasing an additional 37,678 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.39% of Energizer worth $30,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Energizer by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock valued at $281,906,000 after acquiring an additional 170,017 shares during the period. LSV Asset Management boosted its holdings in Energizer by 28.4% during the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock valued at $69,648,000 after acquiring an additional 515,124 shares during the period. Vestcor Inc boosted its holdings in Energizer by 3.7% during the 1st quarter. Vestcor Inc now owns 13,448 shares of the company's stock valued at $402,000 after acquiring an additional 475 shares during the period. Mackenzie Financial Corp boosted its holdings in Energizer by 27.3% during the 1st quarter. Mackenzie Financial Corp now owns 12,373 shares of the company's stock valued at $370,000 after acquiring an additional 2,653 shares during the period. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in Energizer by 3.0% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 50,212 shares of the company's stock valued at $1,502,000 after acquiring an additional 1,455 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group restated a "neutral" rating and set a $29.00 target price (up from $23.00) on shares of Energizer in a report on Tuesday, August 5th. Wall Street Zen upgraded Energizer from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Truist Financial increased their target price on Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays increased their target price on Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group dropped their target price on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.43.

Energizer Stock Up 2.0%

Shares of NYSE:ENR traded up $0.5550 during trading on Friday, hitting $28.6250. The stock had a trading volume of 707,619 shares, compared to its average volume of 1,197,734. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51. The company has a market capitalization of $1.95 billion, a PE ratio of 8.25 and a beta of 0.63. The firm's fifty day moving average is $23.81 and its 200 day moving average is $26.02. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57.

Energizer (NYSE:ENR - Get Free Report) last announced 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. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $692.67 million. During the same quarter in the prior year, the company earned $0.79 EPS. The business's revenue was up 3.4% compared to the same quarter last year. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. Analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, August 21st. Energizer's dividend payout ratio (DPR) is currently 34.58%.

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.