Hsbc Holdings PLC Trims Stock Position in Energizer Holdings, Inc. $ENR

Key Points

• Hsbc Holdings PLC has reduced its holdings in Energizer Holdings, Inc. by 61.7%, now owning 11,503 shares valued at approximately $343,000.
• Energizer's recent quarterly earnings surpassed expectations, reporting $1.13 earnings per share, with revenue of $725.30 million, a 3.4% increase compared to the same quarter last year.
• The company announced a quarterly dividend of $0.30 per share, representing a 4.2% yield, to be paid on September 10th to shareholders of record by August 21st.

Hsbc Holdings PLC reduced its position in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 61.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,503 shares of the company's stock after selling 18,507 shares during the quarter. Hsbc Holdings PLC's holdings in Energizer were worth $343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vestcor Inc increased its position in shares of Energizer by 3.7% during the first quarter. Vestcor Inc now owns 13,448 shares of the company's stock worth $402,000 after acquiring an additional 475 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Energizer by 29.4% during the first quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock worth $66,000 after acquiring an additional 500 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in shares of Energizer by 5.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 10,779 shares of the company's stock worth $323,000 after acquiring an additional 553 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Energizer by 108.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock valued at $33,000 after purchasing an additional 579 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Energizer by 5.5% during the fourth quarter. Cetera Investment Advisers now owns 11,262 shares of the company's stock valued at $393,000 after purchasing an additional 586 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Performance

Shares of NYSE:ENR traded down $0.35 on Tuesday, hitting $28.33. 67,199 shares of the company were exchanged, compared to its average volume of 878,782. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.51. The stock's 50 day moving average price is $25.54 and its 200 day moving average price is $25.68. The company has a current ratio of 1.78, a quick ratio of 0.84 and a debt-to-equity ratio of 17.57. The firm has a market capitalization of $1.93 billion, a P/E ratio of 8.17 and a beta of 0.69.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.61 by $0.52. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. During the same period in the previous year, the firm posted $0.79 earnings per share. The business's revenue for the quarter 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. Sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's dividend payout ratio (DPR) is 34.58%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ENR. Truist Financial increased their price objective on shares of Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. UBS Group reiterated a "neutral" rating and set a $29.00 price objective (up from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective 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. Wall Street Zen upgraded shares of Energizer from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, 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. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.