Wedge Capital Management L L P NC Buys 13,325 Shares of Energizer Holdings, Inc. (NYSE:ENR)

Wedge Capital Management L L P NC raised its position in shares of Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 36.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,018 shares of the company's stock after purchasing an additional 13,325 shares during the quarter. Wedge Capital Management L L P NC owned about 0.07% of Energizer worth $1,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in shares of Energizer by 6.7% during the 4th quarter. LSV Asset Management now owns 1,812,700 shares of the company's stock worth $63,245,000 after acquiring an additional 114,600 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock worth $43,265,000 after acquiring an additional 496,146 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock worth $35,695,000 after acquiring an additional 80,163 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Energizer by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock worth $35,375,000 after acquiring an additional 30,185 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Energizer by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company's stock worth $33,680,000 after acquiring an additional 33,739 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mark Stephen Lavigne acquired 4,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the acquisition, the chief executive officer now owns 277,645 shares in the company, valued at approximately $6,016,567.15. The trade was a 1.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donal L. Mulligan acquired 10,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $23.66 per share, with a total value of $236,600.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at $236,600. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 25,000 shares of company stock worth $578,140. Corporate insiders own 0.98% of the company's stock.

Energizer Stock Down 4.2%

Shares of NYSE:ENR traded down $0.90 during midday trading on Friday, hitting $20.71. 837,471 shares of the stock were exchanged, compared to its average volume of 688,011. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. Energizer Holdings, Inc. has a 52-week low of $20.70 and a 52-week high of $39.52. The business's fifty day simple moving average is $24.38 and its two-hundred day simple moving average is $30.07. The company has a market capitalization of $1.50 billion, a PE ratio of 26.22 and a beta of 0.68.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $662.90 million for the quarter, compared to analysts' expectations of $670.85 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. Energizer's revenue was down .1% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.79%. Energizer's dividend payout ratio is 164.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ENR shares. JPMorgan Chase & Co. reduced their price objective on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. UBS Group reduced their price objective on Energizer from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Barclays raised their price objective on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Truist Financial reduced their target price on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Canaccord Genuity Group reduced their target price on Energizer from $31.00 to $27.00 and set a "hold" 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $31.63.

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.