Energizer Holdings, Inc. (NYSE:ENR) Shares Sold by M&G Investment Management Ltd.

M&G Investment Management Ltd. lessened its stake in Energizer Holdings, Inc. (NYSE:ENR - Free Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 206,128 shares of the company's stock after selling 54,169 shares during the period. M&G Investment Management Ltd. owned about 0.29% of Energizer worth $6,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ENR. Jones Financial Companies Lllp bought a new stake in shares of Energizer during the 3rd quarter valued at about $32,000. Signaturefd LLC boosted its position in shares of Energizer by 35.3% during the 3rd quarter. Signaturefd LLC now owns 1,384 shares of the company's stock valued at $44,000 after purchasing an additional 361 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Energizer during the 4th quarter valued at about $215,000. CIBC Asset Management Inc bought a new stake in shares of Energizer during the 3rd quarter valued at about $226,000. Finally, EMC Capital Management boosted its position in shares of Energizer by 70.9% during the 3rd quarter. EMC Capital Management now owns 7,212 shares of the company's stock valued at $231,000 after purchasing an additional 2,992 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on ENR. Morgan Stanley raised Energizer from an "underweight" rating to an "equal weight" rating and set a $33.00 price objective for the company in a research note on Wednesday, May 8th. Canaccord Genuity Group lowered their price objective on shares of Energizer from $33.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, May 8th. UBS Group lifted their price objective on shares of Energizer from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 8th. Truist Financial lowered their target price on shares of Energizer from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, May 8th. Finally, Barclays cut their price target on Energizer from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.57.

Energizer Stock Up 0.8 %

NYSE:ENR traded up $0.24 on Wednesday, hitting $30.85. The stock had a trading volume of 474,436 shares, compared to its average volume of 498,972. Energizer Holdings, Inc. has a 1 year low of $26.92 and a 1 year high of $37.32. The firm's fifty day simple moving average is $28.63 and its two-hundred day simple moving average is $30.46. The stock has a market cap of $2.21 billion, a P/E ratio of 25.92 and a beta of 1.04. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $663.30 million during the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. Analysts predict that Energizer Holdings, Inc. will post 3.21 earnings per share for the current year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, May 21st. Energizer's dividend payout ratio (DPR) is 100.84%.

Energizer 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.