Gamco Investors INC. ET AL Acquires 26,454 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Gamco Investors INC. ET AL raised its stake in Energizer Holdings, acquiring 26,454 shares, bringing its total ownership to approximately 1.95% of the company valued at $42.1 million.
• Energizer reported earnings per share of $1.13 for the recent quarter, significantly above the expected $0.61, with a revenue of $725.3 million, surpassing analyst predictions.
• The company also declared a quarterly dividend of $0.30 per share, representing an annualized yield of 4.3%, with the next payment scheduled for September 10th.

Gamco Investors INC. ET AL raised its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,407,793 shares of the company's stock after purchasing an additional 26,454 shares during the quarter. Gamco Investors INC. ET AL owned 1.95% of Energizer worth $42,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec bought a new stake in Energizer in the 1st quarter worth approximately $1,517,000. Comerica Bank lifted its position in Energizer by 8.0% in the 1st quarter. Comerica Bank now owns 52,072 shares of the company's stock worth $1,558,000 after buying an additional 3,844 shares during the last quarter. Jump Financial LLC bought a new stake in Energizer in the 1st quarter worth approximately $276,000. Hotchkis & Wiley Capital Management LLC lifted its position in Energizer by 2.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 218,030 shares of the company's stock valued at $6,523,000 after purchasing an additional 4,890 shares during the last quarter. Finally, Cutler Capital Management LLC lifted its position in Energizer by 2.9% in the first quarter. Cutler Capital Management LLC now owns 91,042 shares of the company's stock valued at $2,724,000 after purchasing an additional 2,605 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ENR has been the subject of several recent research reports. Canaccord Genuity Group lowered their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Truist Financial boosted their price objective on Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays boosted their price objective on Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, UBS Group reiterated a "neutral" rating and issued a $29.00 price objective (up previously from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.43.

Energizer Trading Up 0.8%

Shares of Energizer stock traded up $0.22 during midday trading on Friday, reaching $27.53. 806,187 shares of the company's stock traded hands, compared to its average volume of 1,120,145. The company has a market cap of $1.88 billion, a PE ratio of 7.93 and a beta of 0.63. The stock has a 50 day moving average of $24.56 and a 200-day moving average of $25.84. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.84 and a current ratio of 1.78.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.13 earnings per share 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 company had revenue of $725.30 million for the quarter, compared to analysts' expectations of $692.67 million. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's dividend payout ratio is currently 34.58%.

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.