Exchange Traded Concepts LLC bought a new position in shares of 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 and Exchange Commission. The institutional investor bought 60,436 shares of the company's stock, valued at approximately $1,808,000. Exchange Traded Concepts LLC owned approximately 0.08% of Energizer as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Energizer by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 894,373 shares of the company's stock worth $31,204,000 after acquiring an additional 32,618 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company's stock valued at $335,000 after buying an additional 392 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Energizer in the fourth quarter valued at about $212,000. Bank of New York Mellon Corp grew its stake in shares of Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock valued at $35,695,000 after buying an additional 80,163 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Energizer in the fourth quarter valued at about $411,000. Institutional investors and hedge funds own 93.74% of the company's stock.
Energizer Stock Down 0.8%
NYSE:ENR traded down $0.16 during mid-day trading on Friday, reaching $19.83. The stock had a trading volume of 1,339,570 shares, compared to its average volume of 700,427. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.16 and a beta of 0.68. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.52. The stock's 50 day simple moving average is $23.74 and its two-hundred day simple moving average is $29.42. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86.
Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The firm had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. Energizer's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. Equities analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.
Energizer Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders 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 6.05%. The ex-dividend date was Wednesday, May 21st. Energizer's dividend payout ratio is presently 164.38%.
Wall Street Analyst Weigh In
ENR has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Barclays raised their price target on shares of Energizer from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. UBS Group lowered their target price on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Canaccord Genuity Group lowered their target price on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Finally, Truist Financial lowered their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.63.
Check Out Our Latest Stock Analysis on Energizer
Insider Activity
In related news, CEO Mark Stephen Lavigne acquired 4,000 shares of Energizer stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $21.67 per share, for a total transaction of $86,680.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donal L. Mulligan purchased 10,000 shares of Energizer stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of $23.66 per share, with a total value of $236,600.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $236,600. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 25,000 shares of company stock valued at $578,140. Company insiders own 0.98% of the company's stock.
About Energizer
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Free Report)
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.
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