Public Sector Pension Investment Board Raises Stake in Energizer Holdings, Inc. $ENR

Key Points

• The Public Sector Pension Investment Board increased its stock position in Energizer Holdings, Inc. by 28.0%, owning 208,322 shares valued at approximately $6.23 million by the end of the first quarter.
• Wall Street analysts have raised their ratings on Energizer shares, with the average price target set at $31.43, indicating a positive outlook for the stock.
• Energizer reported a significant earnings beat in its latest quarter, with earnings per share of $1.13, far exceeding analyst estimates of $0.61, alongside revenues of $725.30 million.

Public Sector Pension Investment Board increased its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 28.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,322 shares of the company's stock after buying an additional 45,570 shares during the period. Public Sector Pension Investment Board owned 0.29% of Energizer worth $6,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ENR. CX Institutional acquired a new position in shares of Energizer in the first quarter valued at $33,000. Public Employees Retirement System of Ohio bought a new stake in Energizer during the fourth quarter worth about $43,000. Curat Global LLC bought a new position in shares of Energizer in the 1st quarter valued at $53,000. Russell Investments Group Ltd. lifted its holdings in shares of Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after acquiring an additional 360 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in Energizer by 29.4% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company's stock valued at $66,000 after purchasing an additional 500 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Performance

Energizer stock traded down $0.4750 during midday trading on Thursday, reaching $28.0550. The stock had a trading volume of 764,930 shares, compared to its average volume of 1,198,701. Energizer Holdings, Inc. has a 12 month low of $19.70 and a 12 month high of $39.51. The firm's 50-day moving average price is $23.65 and its 200 day moving average price is $26.05. The firm has a market capitalization of $1.92 billion, a PE ratio of 8.09 and a beta of 0.63. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57.

Energizer (NYSE:ENR - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.52. The business had revenue of $725.30 million during the quarter, compared to analyst estimates of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. 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, research analysts predict that Energizer Holdings, Inc. will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. Energizer's payout ratio is presently 34.58%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial increased their price objective on shares of Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays increased their target price on shares of Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Energizer from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Canaccord Genuity Group reduced their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Energizer has a consensus rating of "Hold" and a consensus price target of $31.43.

Energizer Profile

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.