Legal & General Group Plc Purchases New Stake in Energizer Holdings, Inc. $ENR

Key Points

• Legal & General Group Plc acquired 136,745 Energizer shares worth approximately $2.93 million, representing about 0.20% of the company. Institutional investors collectively own 93.74% of Energizer.
• Energizer’s latest quarterly results showed revenue of $734.1 million, up 1.2% year over year and above estimates, but adjusted EPS of $0.75 missed consensus by $0.08. The company declared a quarterly dividend of $0.30 per share, implying a 5.6% yield.
• Analysts remain cautious, with six Hold ratings and one Sell rating producing a consensus “Reduce” rating and an average price target of $21.83, near the stock’s reported $21.32 opening price.

Legal & General Group Plc acquired a new stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 136,745 shares of the company's stock, valued at approximately $2,932,000. Legal & General Group Plc owned about 0.20% of Energizer at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in shares of Energizer by 25.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock worth $49,000 after purchasing an additional 503 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in Energizer by 2.5% in the fourth quarter. SkyView Investment Advisors LLC now owns 23,608 shares of the company's stock valued at $470,000 after buying an additional 568 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Energizer by 51.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company's stock valued at $31,000 after buying an additional 644 shares in the last quarter. SummitTX Capital L.P. lifted its holdings in Energizer by 2.3% during the 1st quarter. SummitTX Capital L.P. now owns 34,246 shares of the company's stock worth $562,000 after buying an additional 781 shares during the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in Energizer by 4.1% during the 4th quarter. Krane Funds Advisors LLC now owns 22,112 shares of the company's stock worth $440,000 after buying an additional 873 shares during the last quarter. Institutional investors own 93.74% of the company's stock.

Insider Activity

In other Energizer news, major shareholder Aqua Capital, Ltd. acquired 60,000 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost of $20.02 per share, with a total value of $1,201,200.00. Following the acquisition, the insider directly owned 7,820,000 shares of the company's stock, valued at $156,556,400. This represents a 0.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 340,000 shares of company stock worth $7,007,000 in the last three months. Insiders own 1.63% of the company's stock.

Energizer Stock Up 3.2%

ENR stock opened at $21.32 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. Energizer Holdings, Inc. has a fifty-two week low of $15.75 and a fifty-two week high of $30.29. The firm's 50-day simple moving average is $21.38 and its 200 day simple moving average is $19.83. The stock has a market cap of $1.46 billion, a PE ratio of 18.07 and a beta of 0.77.

Energizer (NYSE:ENR - Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of $720.29 million. During the same period in the previous year, the firm earned $2.13 earnings per share. The company'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. As a group, sell-side analysts predict that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Energizer's payout ratio is 101.69%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ENR shares. JPMorgan Chase & Co. boosted their price target on Energizer from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Canaccord Genuity Group set a $18.00 price objective on shares of Energizer in a report on Wednesday, August 5th. Morgan Stanley reiterated a "negative" rating and set a $21.00 target price on shares of Energizer in a research note on Tuesday, August 4th. Weiss Ratings reissued a "hold (c-)" rating on shares of Energizer in a report on Wednesday, June 24th. Finally, Barclays raised their price target on shares of Energizer from $18.00 to $19.00 and gave the stock 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's stock. Based on data from MarketBeat, Energizer currently has a consensus rating of "Reduce" and an average price target of $21.83.

About Energizer

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company's primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.

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