Trexquant Investment LP Sells 118,460 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Trexquant Investment LP has reduced its stake in Energizer Holdings, Inc. by 50.1%, selling 118,460 shares, and now owns approximately 0.16% of the company worth $3.5 million.
• Analysts have positively adjusted their price targets for Energizer, with Truist Financial raising it from $30.00 to $35.00 and Barclays increasing it from $24.00 to $27.00.
• Energizer recently reported earnings of $1.13 per share, surpassing analysts’ expectations, and announced a quarterly dividend of $0.30 with a yield of 4.2%.

Trexquant Investment LP lessened its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 50.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,144 shares of the company's stock after selling 118,460 shares during the quarter. Trexquant Investment LP owned approximately 0.16% of Energizer worth $3,535,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ENR. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Energizer by 58.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock valued at $62,658,000 after buying an additional 775,221 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Energizer by 28.4% in the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock valued at $69,648,000 after buying an additional 515,124 shares during the last quarter. Millennium Management LLC raised its stake in Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock valued at $43,265,000 after buying an additional 496,146 shares during the period. Nuveen LLC bought a new stake in Energizer in the first quarter valued at approximately $9,069,000. Finally, Balyasny Asset Management L.P. raised its stake in Energizer by 427.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock valued at $9,417,000 after buying an additional 218,759 shares during the period. Institutional investors and hedge funds own 93.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENR. JPMorgan Chase & Co. raised their price target on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays raised their price target on Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Wall Street Zen raised Energizer from a "buy" rating to a "strong-buy" rating in a report on Friday. Truist Financial raised their price target on Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, UBS Group reaffirmed a "neutral" rating and set a $29.00 price target (up previously from $23.00) on shares of Energizer in a report on Tuesday, August 5th. One 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.43.

Energizer Stock Performance

Shares of ENR traded down $0.25 during midday trading on Monday, reaching $28.53. 75,584 shares of the stock were exchanged, compared to its average volume of 879,275. Energizer Holdings, Inc. has a twelve month low of $19.70 and a twelve month high of $39.51. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The company has a market cap of $1.95 billion, a P/E ratio of 8.22 and a beta of 0.69. The stock's 50 day simple moving average is $25.37 and its 200 day simple moving average is $25.70.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.52. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The firm had revenue of $725.30 million for the quarter, compared to analyst estimates of $692.67 million. During the same quarter last year, the company earned $0.79 EPS. The company's 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. On average, sell-side analysts expect that Energizer Holdings, Inc. will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's payout ratio is 34.58%.

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.