Teacher Retirement System of Texas Sells 35,294 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Teacher Retirement System of Texas lowered its stake in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 58.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,431 shares of the company's stock after selling 35,294 shares during the quarter. Teacher Retirement System of Texas' holdings in Energizer were worth $761,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ENR. Russell Investments Group Ltd. lifted its stake in Energizer by 21.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after purchasing an additional 360 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Energizer by 2.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company's stock valued at $591,000 after acquiring an additional 386 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Energizer by 4.1% in the 4th quarter. Bank of Montreal Can now owns 11,978 shares of the company's stock valued at $418,000 after acquiring an additional 470 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Energizer by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company's stock valued at $262,000 after acquiring an additional 477 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of 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 acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Insider Activity at Energizer

In other news, Director Patrick J. Moore bought 10,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at $346,500. This represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donal L. Mulligan bought 10,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $236,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 25,000 shares of company stock valued at $578,140. 0.98% of the stock is owned by corporate insiders.

Energizer Stock Up 1.0%

Shares of ENR traded up $0.23 during trading hours on Wednesday, hitting $21.82. The stock had a trading volume of 835,479 shares, compared to its average volume of 740,357. The company has a debt-to-equity ratio of 23.56, a current ratio of 1.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $21.92 and a 200-day simple moving average of $27.60. The firm has a market capitalization of $1.57 billion, a P/E ratio of 29.88 and a beta of 0.63. Energizer Holdings, Inc. has a 1-year low of $19.70 and a 1-year high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The business's quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 5.50%. Energizer's payout ratio is 164.38%.

Analyst Ratings Changes

A number of research firms recently weighed in on ENR. Canaccord Genuity Group decreased their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Barclays decreased their price objective on Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday. Truist Financial decreased their price objective on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price objective on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, UBS Group decreased their price objective on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.38.

Energizer Company 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.