XTX Topco Ltd Decreases Stake in Energizer Holdings, Inc. (NYSE:ENR)

Key Points

• XTX Topco Ltd has reduced its stake in Energizer Holdings, Inc. by 53.8%, now holding 8,890 shares valued at $266,000 after selling 10,352 shares in the first quarter.
• The company reported $1.13 earnings per share in its latest earnings report, significantly exceeding the consensus estimate of $0.61, with revenues of $725.30 million.
• Energizer recently announced a quarterly dividend of $0.30 per share set to be paid on September 10, representing a 4.3% yield on an annualized basis.

XTX Topco Ltd reduced its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 53.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,890 shares of the company's stock after selling 10,352 shares during the period. XTX Topco Ltd's holdings in Energizer were worth $266,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ENR. CX Institutional bought a new stake in shares of Energizer in the 1st quarter worth approximately $33,000. Public Employees Retirement System of Ohio bought a new stake in shares of Energizer in the 4th quarter worth approximately $43,000. Curat Global LLC bought a new stake in shares of Energizer in the 1st quarter worth approximately $53,000. Central Pacific Bank Trust Division grew its position 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 worth $66,000 after buying an additional 500 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position 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 buying an additional 360 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Down 2.1%

Shares of NYSE ENR traded down $0.59 during mid-day trading on Friday, hitting $27.82. 1,114,595 shares of the stock traded hands, compared to its average volume of 1,282,743. 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 Holdings, Inc. has a 52 week low of $19.70 and a 52 week high of $39.51. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 8.02 and a beta of 0.63. The stock has a fifty day moving average price of $23.16 and a 200-day moving average price of $26.15.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.13 EPS for the quarter, topping 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 business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $692.67 million. During the same period in the previous year, the company posted $0.79 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that Energizer Holdings, Inc. will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, August 21st. Energizer's payout ratio is 34.58%.

Insider Buying and Selling

In related news, Director Donal L. Mulligan bought 10,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the acquisition, the director owned 10,000 shares of the company's stock, valued at $236,600. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ENR shares. Canaccord Genuity Group cut their price objective on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. UBS Group reiterated a "neutral" rating and issued a $29.00 price objective (up from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Wall Street Zen upgraded Energizer from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Barclays lifted their price target on Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $31.43.

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.