Federated Hermes Inc. Grows Position in Energizer Holdings, Inc. (NYSE:ENR)

Posted by Defense World Staff on Mar 12th, 2023

Federated Hermes Inc. boosted its stake in shares of Energizer Holdings, Inc. (NYSE:ENR – Get Rating) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,364 shares of the company’s stock after purchasing an additional 504 shares during the period. Federated Hermes Inc. owned approximately 0.08% of Energizer worth $1,467,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in Energizer during the 1st quarter worth approximately $37,000. Meeder Asset Management Inc. grew its position in Energizer by 312.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 961 shares of the company’s stock worth $27,000 after purchasing an additional 728 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in Energizer during the 3rd quarter worth approximately $25,000. Quadrant Capital Group LLC grew its position in Energizer by 52.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,194 shares of the company’s stock worth $34,000 after purchasing an additional 413 shares during the last quarter. Finally, Ellevest Inc. grew its position in Energizer by 5,160.0% during the 3rd quarter. Ellevest Inc. now owns 1,315 shares of the company’s stock worth $33,000 after purchasing an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Energizer Stock Performance

Shares of NYSE ENR opened at $33.53 on Friday. The company’s fifty day moving average price is $36.06 and its 200 day moving average price is $32.10. Energizer Holdings, Inc. has a 1 year low of $24.81 and a 1 year high of $37.89. The company has a market capitalization of $2.40 billion, a PE ratio of -9.83 and a beta of 0.99. The company has a debt-to-equity ratio of 26.81, a quick ratio of 1.22 and a current ratio of 2.30.

Energizer (NYSE:ENR – Get Rating) last announced its quarterly earnings results on Monday, February 6th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Energizer had a positive return on equity of 65.15% and a negative net margin of 8.17%. The firm had revenue of $765.10 million for the quarter, compared to analysts’ expectations of $785.95 million. During the same period last year, the company posted $1.03 earnings per share. The business’s quarterly revenue was down 9.6% on a year-over-year basis. On average, research analysts predict that Energizer Holdings, Inc. will post 3.13 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Tuesday, February 21st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, February 17th. Energizer’s dividend payout ratio is presently -35.19%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Energizer from $30.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, January 13th. Barclays upped their price objective on shares of Energizer from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Morgan Stanley upped their price objective on shares of Energizer from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, November 16th. Canaccord Genuity Group assumed coverage on shares of Energizer in a report on Wednesday, November 16th. They issued a “hold” rating on the stock. Finally, TheStreet raised shares of Energizer from a “d+” rating to a “c” rating in a report on Monday, February 6th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Energizer Profile

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Energizer Holdings, Inc engages in the manufacturing, marketing, and distribution of household batteries, specialty batteries, and lighting products. The firm is also involved in designing and marketing automotive appearance, performance, refrigerant, and freshener products. It operates under the Battery and Lights, and Auto Care segments.