Energizer Holdings, Inc. $ENR Holdings Lifted by MAC Alpha Capital Management LP

Key Points

• MAC Alpha Capital Management increased its Energizer stake by 17.8% in the second quarter to 644,967 shares, worth approximately $13.8 million. Institutional investors collectively own 93.74% of ENR.
• Energizer reported quarterly EPS of $0.75, below the $0.83 consensus estimate, while revenue rose 1.2% year over year to $734.1 million. The company issued FY 2026 EPS guidance of $3.60.
• The company maintains a quarterly dividend of $0.30, equivalent to a 5.6% annual yield, though its payout ratio is elevated at 101.69%. Analysts broadly remain cautious, with a consensus “Reduce” rating and an average price target of $21.83.

MAC Alpha Capital Management LP increased its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 644,967 shares of the company's stock after purchasing an additional 97,259 shares during the quarter. Energizer accounts for 2.8% of MAC Alpha Capital Management LP's investment portfolio, making the stock its 7th biggest position. MAC Alpha Capital Management LP owned 0.94% of Energizer worth $13,829,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ENR. BlackRock Inc. purchased a new stake in shares of Energizer in the 2nd quarter worth approximately $201,796,000. Armistice Capital LLC bought a new stake in Energizer during the 4th quarter worth approximately $20,606,000. Bank of New York Mellon Corp purchased a new position in Energizer in the 2nd quarter worth approximately $22,040,000. Cibc World Market Inc. purchased a new stake in Energizer during the 2nd quarter valued at approximately $12,710,000. Finally, Jupiter Topco LLC purchased a new position in Energizer during the second quarter valued at $10,116,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Trading Down 0.1%

ENR stock opened at $21.36 on Monday. The company has a market capitalization of $1.46 billion, a PE ratio of 18.10 and a beta of 0.77. The firm's 50-day moving average is $21.31 and its 200 day moving average is $19.71. Energizer Holdings, Inc. has a 12 month low of $15.75 and a 12 month high of $29.73. The company has a debt-to-equity ratio of 16.22, a current ratio of 2.07 and a quick ratio of 1.10.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.08). Energizer had a net margin of 2.73% and a return on equity of 122.63%. The firm had revenue of $734.10 million during the quarter, compared to analysts' expectations of $720.29 million. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. 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 EPS for the current year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, August 19th. Energizer's dividend payout ratio is presently 101.69%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Energizer from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Morgan Stanley restated a "negative" rating and issued a $21.00 price target on shares of Energizer in a research report on Tuesday, August 4th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Energizer in a research report on Wednesday, June 24th. UBS Group lifted their price objective on shares of Energizer from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Barclays upped their target price on shares of Energizer from $18.00 to $19.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $21.83.

Insider Activity

In other Energizer news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the business's stock in a transaction that occurred on Monday, July 20th. The shares were bought at an average cost of $20.02 per share, with a total value of $1,201,200.00. Following the completion of the acquisition, the insider directly owned 7,820,000 shares in the company, valued at $156,556,400. This represents a 0.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 260,000 shares of company stock worth $5,301,400 in the last 90 days. 1.63% of the stock is currently owned by company insiders.

Energizer Company Profile

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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