Russell Investments Group Ltd. Purchases 57,403 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Russell Investments Group Ltd. increased its stake in Energizer Holdings by 2,837.5% during Q1, now owning approximately 0.08% of the company worth $1.78 million.
• Energizer reported $1.13 EPS for the last quarter, significantly surpassing estimates, and plans to pay a $0.30 quarterly dividend on September 10th with a yield of 4.3%.
• Several analysts have recently upgraded their ratings on Energizer, with consensus indicating a "Hold" rating and a price target averaging $31.43.

Russell Investments Group Ltd. lifted its holdings in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 2,837.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,426 shares of the company's stock after acquiring an additional 57,403 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Energizer worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENR. Principal Financial Group Inc. boosted its position in shares of Energizer by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock valued at $27,162,000 after purchasing an additional 13,453 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Energizer by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 303,549 shares of the company's stock valued at $10,591,000 after buying an additional 45,638 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Energizer during the 4th quarter worth approximately $4,701,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Energizer by 18.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,876 shares of the company's stock worth $5,718,000 after buying an additional 25,105 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Energizer by 2,354.4% during the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock worth $564,000 after buying an additional 18,082 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ENR shares. UBS Group restated a "neutral" rating and issued a $29.00 price target (up from $23.00) on shares of Energizer in a report on Tuesday, August 5th. Canaccord Genuity Group cut their price objective on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen upgraded Energizer from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Barclays upped their price target on Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Truist Financial increased their price target on Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Energizer has a consensus rating of "Hold" and an average price target of $31.43.

Energizer Stock Up 0.8%

ENR traded up $0.22 during midday trading on Monday, reaching $27.53. 806,187 shares of the company were exchanged, compared to its average volume of 1,104,339. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 7.93 and a beta of 0.69. Energizer Holdings, Inc. has a one year low of $19.70 and a one year high of $39.51. The company's fifty day moving average price is $24.70 and its 200 day moving average price is $25.77. 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 announced its earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $0.79 earnings per share. Energizer's quarterly revenue 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, analysts expect that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's 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.