Exchange Traded Concepts LLC Invests $1.81 Million in Energizer Holdings, Inc. (NYSE:ENR)

Exchange Traded Concepts LLC bought a new stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 60,436 shares of the company's stock, valued at approximately $1,808,000. Exchange Traded Concepts LLC owned 0.08% of Energizer as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock valued at $43,265,000 after buying an additional 496,146 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Energizer in the 4th quarter worth approximately $11,718,000. Brandywine Global Investment Management LLC purchased a new position in Energizer in the 4th quarter valued at approximately $7,685,000. Balyasny Asset Management L.P. boosted its position in Energizer by 427.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock worth $9,417,000 after purchasing an additional 218,759 shares in the last quarter. Finally, Norges Bank acquired a new stake in Energizer in the fourth quarter valued at $7,277,000. Institutional investors and hedge funds own 93.74% of the company's stock.

Insider Transactions at Energizer

In related news, Director Patrick J. Moore purchased 10,000 shares of Energizer stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director now owns 15,000 shares of the company's stock, valued at approximately $346,500. The trade was a 200.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Stephen Lavigne bought 4,000 shares of Energizer stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the transaction, the chief executive officer now owns 277,645 shares of the company's stock, valued at approximately $6,016,567.15. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 25,000 shares of company stock worth $578,140 in the last three months. 0.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ENR has been the topic of several recent research reports. Canaccord Genuity Group decreased their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. UBS Group reduced their price target on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial dropped their price objective on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays increased their target price on Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. dropped their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.63.

Energizer Trading Down 2.4%

Energizer stock traded down $0.49 during trading on Wednesday, hitting $20.00. The company's stock had a trading volume of 1,193,970 shares, compared to its average volume of 696,607. The stock's fifty day moving average is $24.14 and its 200 day moving average is $29.82. Energizer Holdings, Inc. has a 1-year low of $19.99 and a 1-year high of $39.52. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 27.40 and a beta of 0.68. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 184.22% and a net margin of 1.87%. The company had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same period in the prior year, the business posted $0.72 earnings per share. Energizer's revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date was Wednesday, May 21st. Energizer's payout ratio is currently 164.38%.

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.