Vanguard Group Inc. Acquires 170,017 Shares of Energizer Holdings, Inc. $ENR

Key Points

• Vanguard Group Inc. increased its stake in Energizer Holdings by acquiring an additional 170,017 shares, raising its total ownership to 9,421,993 shares, valued at approximately $281.9 million.
• Energizer reported strong earnings, with an EPS of $1.13 for the quarter, surpassing analysts' expectations and revealing a year-over-year revenue increase of 3.4%.
• The company announced a quarterly dividend of $0.30 per share, set to be paid on September 10, reflecting a 4.3% annual yield with a payout ratio of 34.58%.

Vanguard Group Inc. lifted its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,421,993 shares of the company's stock after purchasing an additional 170,017 shares during the period. Vanguard Group Inc. owned 13.05% of Energizer worth $281,906,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ENR. LPL Financial LLC increased its stake in shares of Energizer by 14.0% in the 4th quarter. LPL Financial LLC now owns 11,804 shares of the company's stock worth $412,000 after purchasing an additional 1,446 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Energizer by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 155,300 shares of the company's stock worth $5,418,000 after purchasing an additional 4,144 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Energizer by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 54,122 shares of the company's stock worth $1,888,000 after purchasing an additional 3,241 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after purchasing an additional 360 shares in the last quarter. Finally, Bank of Montreal Can increased 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 worth $418,000 after purchasing an additional 470 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Price Performance

Shares of ENR traded up $0.6950 during midday trading on Friday, hitting $28.7650. 116,488 shares of the company traded hands, compared to its average volume of 891,673. The firm has a 50 day moving average of $23.65 and a 200-day moving average of $26.05. Energizer Holdings, Inc. has a 52 week low of $19.70 and a 52 week high of $39.51. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 8.29 and a beta of 0.63. 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 released its quarterly earnings data on Monday, August 4th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.61 by $0.52. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. During the same quarter in the prior year, the firm earned $0.79 EPS. The business'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, analysts forecast that Energizer Holdings, Inc. will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.