Nisa Investment Advisors LLC Cuts Holdings in Energizer Holdings, Inc. (NYSE:ENR)

Nisa Investment Advisors LLC lowered its stake in Energizer Holdings, Inc. (NYSE:ENR) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,430 shares of the company’s stock after selling 816 shares during the period. Nisa Investment Advisors LLC’s holdings in Energizer were worth $616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENR. Jones Financial Companies Lllp bought a new stake in Energizer in the third quarter worth about $32,000. Ancora Advisors LLC bought a new stake in Energizer in the first quarter worth about $37,000. Signaturefd LLC lifted its stake in Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock worth $44,000 after purchasing an additional 361 shares during the last quarter. Captrust Financial Advisors lifted its stake in Energizer by 107.4% in the first quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock worth $62,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Energizer by 42.4% in the first quarter. Belpointe Asset Management LLC now owns 1,836 shares of the company’s stock worth $64,000 after purchasing an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ENR shares. Barclays decreased their price objective on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.00.

Energizer Stock Performance

Energizer stock opened at $27.39 on Wednesday. The company has a 50 day moving average price of $28.91 and a 200-day moving average price of $30.72. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $37.32. The company has a market capitalization of $1.97 billion, a PE ratio of 21.23 and a beta of 1.06.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $716.60 million for the quarter, compared to analyst estimates of $710.73 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. Energizer’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, equities analysts forecast that Energizer Holdings, Inc. will post 3.21 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Tuesday, February 20th. Energizer’s payout ratio is 93.02%.

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.