Millennium Management LLC Has $43.27 Million Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Millennium Management LLC increased its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 66.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240,038 shares of the company's stock after purchasing an additional 496,146 shares during the quarter. Millennium Management LLC owned 1.72% of Energizer worth $43,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENR. Barclays PLC raised its holdings in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company's stock worth $4,443,000 after purchasing an additional 70,254 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Energizer in the 4th quarter worth approximately $306,000. Inspire Investing LLC raised its holdings in shares of Energizer by 166.3% in the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company's stock worth $1,210,000 after purchasing an additional 21,667 shares in the last quarter. Vista Investment Partners LLC bought a new stake in shares of Energizer in the 4th quarter worth approximately $553,000. Finally, KBC Group NV raised its holdings in shares of Energizer by 5,308.0% in the 4th quarter. KBC Group NV now owns 89,664 shares of the company's stock worth $3,128,000 after purchasing an additional 88,006 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Mark Stephen Lavigne bought 4,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the purchase, the chief executive officer now owns 277,645 shares of the company's stock, valued at $6,016,567.15. This represents a 1.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donal L. Mulligan bought 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $236,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 25,000 shares of company stock worth $578,140 in the last quarter. 0.98% of the stock is currently owned by corporate insiders.

Energizer Stock Up 0.4%

ENR stock traded up $0.08 during midday trading on Friday, reaching $22.90. The company had a trading volume of 766,160 shares, compared to its average volume of 657,950. Energizer Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $39.52. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The company has a market capitalization of $1.65 billion, a P/E ratio of 28.99 and a beta of 0.77. The company has a 50 day moving average of $26.43 and a two-hundred day moving average of $31.47.

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 analysts' consensus estimates of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $662.90 million during the quarter, compared to analysts' expectations of $670.85 million. During the same quarter in the previous year, the company earned $0.72 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 5.24%. Energizer's payout ratio is 164.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ENR shares. Wall Street Zen downgraded shares of Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target 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. UBS Group reduced their price target on shares of Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their price target on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.63.

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.